Buyers in Germany still pay an average premium of €5,583 for fully electric battery-powered vehicles compared to cars with internal combustion engines.
A recent study by the private Center for Automotive Research (Car), published on Wednesday, revealed that the price gap between electric vehicles (EVs) and comparable combustion engine models is narrowing in Germany.
The report found that in November 2024, the price difference among 20 top models on the German market decreased by approximately €1,100 compared to October.
Despite this progress, EV buyers still face an average additional cost of €5,583 compared to combustion engine vehicles. These figures are based on transaction prices, which reflect list prices minus discounts.
EU Regulations Driving Change
According to study lead Ferdinand Dudenhöffer, upcoming European Union regulations will require automakers to sell a higher proportion of EVs starting next year or face penalties. Industry experts warn that delaying the implementation of these rules, as some in the automotive industry advocate, would slow EV adoption.
Car expects a slight increase in the market share of EVs in Germany over the coming months. In October, EVs accounted for 15.3% of new vehicle sales. However, the abrupt discontinuation of government subsidies for EV purchases earlier this year continues to negatively impact sales figures.
