Germany battery electric vehicle market is estimated to grow at a CAGR of more than 20.0% during the forecast period. Some of the major factors contributing to the growth of the BEV market in the country include cohesive government regulation for the electric vehicle, incentives by the government on electric vehicle and charging infrastructure, and stringent target to reduce the carbon footprints. Moreover, the increase in the range covered by the BEV with the introduction of new BEV models is another major factor leading to the adoption of BEV in the country.  

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As per the European Automobile Manufacturers Association, Germany BEV sales rose by 75% in 2019 YoY and reached around 64,500 as compared to 36,000 in 2018. The country became the largest BEV market in Europe, stepping out Norway in 2019. Some of the most common BEV sold in the country include Tesla Model 3, Renault Zoe, BMW i3, Volkswagen Golf, among others. Moreover, as an estimate, the German manufacturers will triple their electric cars model to nearly 150 by 2023 with an investment of around $56 billion by 2024. 

The market is segmented on the basis of vehicle type and battery type. Based on vehicle type, the market is further studied into commercial vehicles, passenger cars, and others. During the forecast period, the passenger vehicle market is forecast to hold the largest market share in the country. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion BEVs market is forecast to cover a major market share during the forecast period. 

Major companies contributing to the Germany BEV market include Audi AG, BMW AG, BYD Auto Co., Ltd., Daimler AG, Honda Motor Co., Ltd., Hyundai Motor Co., Jaguar Land Rover Ltd., Kia Motors Corp., Tesla, Inc., Volkswagen AG and so on. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market. For instance, in September 2019, BYD Auto Co., Ltd., received its first order for a fully electric transit bus in the country. The German public transit operators BOGESTRA and HCR ordered 22 fully electric 12-meter buses in the greater Ruhr Metropolitan Region.

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Government Websites

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Germany Battery Electric Vehicle Market Research and Analysis by Vehicle Type 
2. Germany Battery Electric Vehicle Market Research and Analysis by Battery Type

The Report Covers

• Comprehensive research methodology of Germany Battery Electric Vehicle Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Germany Battery Electric Vehicle Market.
• Insights about market determinants which are stimulating Germany Battery Electric Vehicle Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.