Europe's largest auto market, Germany, saw plugin electric vehicles take 28.5% market share in August 2022, their best result YTD
Many of those dropping positions are due to temporary allocation decisions of limited factory output, rather than a significant drying up of demand.Volkswagen Group still leads comfortably, from Stellantis, still in 2nd. Both increased volume by around 30% since March-to-May.
Losing places were Hyundai Motor Group , shedding 10% volume, and Mercedes Group , shedding a significant 43% volume. BMW took advantage, climbing from 7th to 6th, despite 3.4% lower volume than 3 months ago. Tesla won’t challenge for the top two spots any time soon , but — overall — continues to exert pressure on the legacy auto groups to keep evolving.Germany’s auto industry, which sits at the nexus of Germany’s industrial economy, is facing major headwinds.to the EU’s political leadership, calling for emergency action on the energy crisis — “Here are some excerpts from the letter:
“In the last month, several companies have had to announce indefinite closures and many more are on the brink ahead of a life-or-death winter for many operations.
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