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The German Consumer Behavior Summary
The automotive landscape in Germany reflects a diverse array of preferences among consumers, as revealed by recent surveys.
Surprisingly, 51% of respondents expressed a continued preference for traditional internal combustion engine (ICE) vehicles for their upcoming car purchases, highlighting the enduring popularity of conventional technologies.
What drives these choices becomes clearer as Lower fuel costs emerge as the primary purchase motivator, indicating a pragmatic approach among German consumers.
Notably, the second most influential factor is concern about climate change, underlining a heightened environmental consciousness.
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The State of the Electric Vehicle Revolution 2023
Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.
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