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Britain overtakes Germany to become Europe’s largest electric car market in 2024

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According to data from the Schmid Automotive Research and Industry, the UK crossed Germany over 1,000 units in 2024, first became Europe’s largest market for new pure electric (BEV) passenger cars. The UK SMMT reported that 381,970 new BEV cars were registered in 2024, which represent 19.6% of the total 1,952,778 new cars or about one in every five new cars. In comparison, Germany registered 380,609 new BEVs according to KBA industry data.

The introduction of the ZEV mandate is set to 22%, but the manufacturers who allow the manufacturers to “bank or lend” credit or more complex in future years, the discrepancy between the new car market shows that of that target Falling just below. If any OEM is due to facing fine for non-transportation in 2024, many auto industry leaders insisted.

Market performance during 2024 worked as a major market indicator for the European Union markets, collectively looking for regulatory changes since 2025 and suggests that auto manufacturers when the push arrives during the next 12 months The goal is likely to be a hit.

OEMs working in European Union, Plus Norway and Iceland should hit the average CO2 emission target from 2025 to 93.6g/km (15% reduction at 2021 – 2024) and almost during the following four years, 2024 The target below 119g/km is largely based on eight fleet and varies between different OEMs, with premium brands a little further beyond that.

However, there are many adjustment mechanisms that make that target more obtained than the headline numbers.

The death of Germany and the lack of progress in France can be attributed to the new BEV model launch and delivery in 2024 as OEMS wait for these models to deliver by 2025, their new regulatory goals Improves possibilities.

Meanwhile, Germany is at the bottom of a cyclical cycle during 2024.

The subsidy was a pull-forward in private BEV delivery during the end of 2022 before the subsidy was reduced and all left their mark on a weak 2024 away from the fall of subsidy for corporate drivers from autumn 2023.

However, our monthly study, which especially analyzes and tracks this data on a monthly basis for our customer base and publishes it in our monthly studies, fully recovering the German market by the end of 2025 to the end of 2025. Hopefully because three years of leases return to drivers. Market in the second half of 2025 and corporate driver from 2026.

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