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Germany surpasses Norway and leads electric car industry in Europe

by ace
Alemanha supera Noruega e lidera indústria de carros elétricos na Europa

Norway no longer has the largest share of the electric car market in Europe, Germany has managed to reach the new level this year. The milestone is relevant because since 2010 Norway has remained a leader in this area, and shows how electric vehicles are becoming adopted on the roads.

According to statistics published by the transport agencies of the two countries, up to November, 57,533 new electric cars were registered in Germany, compared to 56,893 in Norway, according to statistics published by the transport agencies of both countries. The Nordic country sells most electric cars from all European countries every year since at least 2010, when the Nissan Leaf, the first popular battery-powered car, made its debut.

Norway's expansion with its electric cars began with a government incentive, something that quickly gained momentum but has its potential limited by its population, with a population 6.4% smaller than Germany. Industry sources point out that Germany is expected to make major investments in the area in the coming years, with brands such as Volkswagen, BMW and Daimler poised to venture into the popularization of this type of vehicle. Germany is expected to triple its investments in electric cars, with an investment of 50 billion euros by 2024.

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Despite losing ground in recent months, Norway led the market for much of the year. In November, manufacturers had a 27% drop in electric vehicle traffic, while Germany saw a 9.1% increase.

Making cutting-edge investments in its vehicles, one of the companies that stands out when it comes to electric cars is Tesla Motors. Recently the company launched Cybertruck, a vehicle with a very different design and that promises very high durability materials with cutting-edge technologies. Elon Musk, founder, has ambitious plans for future releases.

Source: Bloomberg
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