Forecast: Number of Alternative Energy Passenger Cars in Germany

In 2023, the number of alternative energy passenger cars in Germany stood at approximately 1 million. From 2024 onward, a steady growth trajectory is anticipated, increasing from 1.026 million in 2024 to 1.1083 million by 2028. This represents a consistent year-on-year growth of around 2% to 2.2%, as indicated by the forecasted values for each subsequent year. The Compound Annual Growth Rate (CAGR) for the forecast period of 2024 to 2028 is estimated at about 2.01%, reflecting moderate, yet stable growth.

Future trends to watch for include:

• The impact of government incentives and environmental regulations on increasing alternative energy vehicle adoption.
• Technological advancements in batteries and charging infrastructure that may accelerate growth beyond current forecasts.
• Market responses to fluctuating fossil fuel prices which could drive a faster shift towards alternative energy vehicles.