A new study has revealed significant changes in the market for electric vehicles (EVs) in Germany, Europe’s largest car market.
According to a joint study by the International Council on Clean Transportation (ICCT) and the Fraunhofer Institute for Systems and Innovation Research ISI, the average prices of battery electric cars have dropped by 18 percent in real terms between 2020 and 2025. This decrease is despite a perceived rise in average prices due to changes in the model mix. Additionally, the study found that the number of electric models available on the market has more than quadrupled.
The study, which covers six vehicle segments from small to luxury cars, analyzed over 100,000 individual data points. Peter Mock, Europe Managing Director at the ICCT, stated that these results indicate the direction in which Europe’s automotive market is heading. He added that electric cars now offer longer ranges and more engine power on average, making them a viable option for consumers.
The full press release, which includes further findings on battery prices and model availability, can be found at theicct.org/pr-battery-electric-vehicle-prices-fell-18-percent-and-model-choice-quadrupled-between-2020-and-2025/.
Titled “Price and market trends of battery electric and internal combustion engine vehicles in Germany, 2020 to 2025,” the study was authored by Patrick Plötz, Steffen Link (Fraunhofer Institute for Systems and Innovation Research ISI), Kyle Morrison, Uwe Tietge, Eyal Li, and Peter Mock (International Council on Clean Transportation, ICCT). It can be cited using this link: theicct.org/publication/price-and-market-trends-of-battery-electric-and-internal-combustion-engine-vehicles-in-germany-2020-2025-jul26.
For media inquiries, please contact Sophie Ehmsen (ICCT) at communications@theicct.org.
