The number of alternative fuel vehicle registrations in Germany showed notable growth from 2023, where the registrations were recorded at 2.0 million. Looking ahead, alternative fuel vehicle registrations are expected to increase significantly, with forecasts indicating a rise to approximately 2.357 million by 2024 and progressing to around 3.916 million by 2028.
Year-on-year growth is noticeable from 2024 through 2028, with a steady upward trend. The compound annual growth rate (CAGR) over these five years is approximately 13.19%, demonstrating a promising trajectory for the adoption of alternative fuel vehicles.
Future trends to watch include advancements in battery technology, increasing governmental incentives, expanding charging infrastructure, and evolving consumer preferences towards sustainability, all of which will likely drive further growth in alternative fuel vehicle registrations in Germany.
