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Germany Electric Car Market Growth, Size, Share, Industry Report and Forecast 2019-2025

Germany Electric Car Market Growth, Size, Share, Industry Report and Forecast 2019-2025

Submitted by • May 28, 2020 www.omrglobal.com

Germany electric car market is projected to augment at a CAGR of more than 23.0% during the forecast period, 2019-2025. In 2010, the government of Germany had set a target to introduce 1 million EVs in the country, however, as of now the target is shifted to 2022. The high purchasing power, government incentive, and presence of major market players are among the major factors for the growth of the electric car market in the country. Exponential growth in the electric car market has been registered in 2019 in the country.

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