Monday, February 17, 2025
-4.8 C
Tallinn

German EV sales need to jump 75% to hit EU fleet targets

Agency Report –

To comply with stricter CO2 emissions limits for new car fleets in the European Union, Germany’s automotive industry believes that a significant ramp-up in electric cars will be needed this year.

In order to comply with stricter CO2 emissions limits for new car fleets in the European Union, Germany’s automotive industry believes that a significant ramp-up in electric cars will be needed this year.Manuel Kallweit, chief economist from the German Association of the Automotive Industry (VDA) lobby group, said on Tuesday in Berlin that sales of battery-powered vehicles alone would have to increase by around 75% compared to the previous year.

The increase would work out to sales of around 666,000 additional all-electric vehicles.

VDA forecasts, however, actually indicate that sales of electric vehicles fell by 9% in 2024, Kallweit said.

Partially electric vehicles, such as plug-in hybrids, would also need to see year-on-year growth of around 53%, Kallweit said.

Under current EU law, car manufacturers could face high fines beginning in 2025 due to stricter CO2 fleet limits.

The VDA expects a total of around 2.8 million new cars to be produced in Germany in 2025, roughly the same as in 2024 but around a quarter less than in 2019, the last year before the coronavirus pandemic massively disrupted the automotive industry.

Sourcedpa

Hot this week

Op-Ed: Binance chief’s cheap lies against Ribadu, by Jaafar Jaafar

Tigran Gambaryan (forgive my copy and paste), the head...

WAEC releases 2024 WASSCE private candidates’ results

Agency Report - The West African Examinations Council, WAEC, has...

Stoltenberg succeeds Heusgen at MSC

Agency Report - Munich  – Veteran German diplomat Christoph Heusgen received...

Police intervene between opposing protests after Munich car attack

Agency Report - Munich  – Police intervened in a counter-protest...

Latest

Op-Ed: Binance chief’s cheap lies against Ribadu, by Jaafar Jaafar

Tigran Gambaryan (forgive my copy and paste), the head...

WAEC releases 2024 WASSCE private candidates’ results

Agency Report - The West African Examinations Council, WAEC, has...

Stoltenberg succeeds Heusgen at MSC

Agency Report - Munich  – Veteran German diplomat Christoph Heusgen received...

Police intervene between opposing protests after Munich car attack

Agency Report - Munich  – Police intervened in a counter-protest...

Bayern hopeful Kimmich will make a decision about his future soon

Agency Report - Leverkusen, Germany  - After clarifying the future of...

Aggregate German savings high, but many have none at all

Agency Report - Frankfurt  – Aggregate German household wealth may have...

Demonstrators mark attack in German city of Hanau five years on

Agency Report - Hanau, Germany  - About 1,000 people demonstrated in...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

Rowland Takes Second in Jeddah as Nissan Tops Manufacturers’ Standings

JEDDAH, Saudi Arabia (CHATNEWSTV) — Nissan Formula E Team secured its second podium of the season as Oliver Rowland finished second in the inaugural...

Nigeria can become electric vehicle hub in West Africa — BYD Motors MD

Agency Report - The Managing Director of BYD Motors Nigeria, Moses Ayom, says Nigeria can become the electric vehicle manufacturing and marketing hub in West...

Toyota Develops New Fuel Cell System

Toyota City, Japan, February 14, 2025―Toyota Motor Corporation (Toyota) announced today that it has developed a new fuel cell (FC) system, its third-generation fuel...

Alpine A390_ß Wins L’Automobile Magazine Concept Award

PARIS (CHATNEWSTV) — The Alpine A390_ß, a preview of the brand's upcoming fastback sports car, has won the Concept Trophy at the 45th Trophées...

Nissan, Honda, Mitsubishi Scrap Tripartite Collaboration Talks

TOKYO (CHATNEWSTV) — Nissan, Honda, and Mitsubishi Motors have scrapped their memorandum of understanding (MOU) to explore a three-way collaboration, the companies announced Thursday. The...

Mixed Reactions Trail Third-Party Insurance Policy in Kogi, Nasarawa, Niger

Agency Report - Some residents of Kogi, Nasarawa and Minna have received with mixed feelings, the third-party insurance policy being enforced by the Nigeria Police...

Bruno Laforge Appointed Renault Group’s Chief Human Resources Officer

BOULOGNE-BILLANCOURT, France — Renault Group has named Bruno Laforge as its new Chief Human Resources Officer, the company announced Monday. Laforge, currently CHRO at...

Peugeot’s Comeback: Dangote Peugeot Begins Assembly of 3008 GT in Nigeria

KADUNA, Nigeria — Dangote Peugeot Automobiles Nigeria Limited (DPAN) has taken a major step toward reclaiming its dominance in the country’s auto market with...

Nissan to host race for runners with a visual impairment

YOKOHAMA, Japan – Nissan Motor Co., Ltd. will host the 14th annual Nissan Connect Race together with the Japan Blind Marathon Association on February 16...