Germany: Car market down 27.8% in August, weighed down by electric vehicles

Unsplash Germany: 27.8% drop in the car market in August, weighed down by electric cars

The car market in Germany fell again in August, weighed down by the collapse sales of electric cars, which recorded their biggest drop in a year due to a base effect and a particularly gloomy economic climate. 

In total, 197,322 cars were registered in Germany, 27.8% fewer than a year earlier, the Federal Automobile Agency (KBA) said in a press release on Wednesday. The electricity market has plunged by 68.8%. 

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