Average price of new electric cars rises by €4,000 to almost €57,000 in Germany

The average price of newly registered electric cars rose by around 4,000 euros to 56,669 euros in Germany this year, slowing the transition to climate-friendly mobility, according to the Center of Automotive Management (CAM), reports EV website electrive. “With the range of models currently available in Germany, a rapid market ramp-up of electromobility is difficult to realise,” the CAM said.

The number of electric models available in the country in 2024 grew to 134 from 105 in 2023, CAM notes. “However, SUVs account for more than half (56.7% or 73 models), while the number of mini and compact car models, which are important for the ramp-up, is declining.” CAM said only seven models were available in these categories, compared to 12 last year.

The average range increased to 463 kilometres, according to the WLTP standard, while the average DC charging power rose to 156 kilowatts (KW). This is due to technology improvements, but also because smaller models are no longer on offer, raising the average, CAM noted.

While e-car prices in Germany rose 7.5 percent on average, they declined by five percent in China - both for entry-level and top models. In contrast, top model prices rose as much as 14.5 percent in Germany.

“The further price increase of electric models is poison for the new market phase of electromobility in which, after the tech-savvy early adopters, customer segments with smaller wallets now have to be addressed,” said CAM head Stefan Bratzel. But he said he expected a significant price reduction in the coming months, as manufacturers will have to boost electric vehicle sales in order to meet tighter EU fleet emission targets.

In its drive to climate-friendly mobility, Germany aims to have 15 million electric cars on its roads by 2030, but the target has become increasingly unrealistic due to sluggish EV sales since the government cut subsidies at the end of last year.