German Electric Vehicle Market: Industry Analysis and Forecast (2021-2027)

Germany is the world's third-largest automobile producer, trailing only China and Japan. Renewable Energy World has labeled Germany "the world's first renewable energy economy," with renewables exceeding coal for the first time in January 2019, accounting for slightly over 40% of the country's energy mix. It will also need to obtain an additional 54.7 GW of electricity from other sources after committing to retiring all 84 of its coal power units by 2038. 1.68 Bn invested for electric mobility development by German federal government. In 2019, the federal government will upgrade 28,000 high-emission automobiles.