Euro Country That Seems Poised To Embrace EVs Like Polestar and Lucid Motors
One nation saw a significant rise in the number of electric vehicles being driven in 2021
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Electric vehicles are rapidly gaining in popularity across the globe. However, according to recent data, one European country is adopting gas-less cars at such a quick rate that it should be great news for EVs like Lucid Motors and Polestar, who may find some of their strongest rates of international growth there.
Market Research Telecast recently released data about the state of automobiles in Germany. Among some of the eye-popping statistics included that as of 2021, the country has 355,691 electric vehicles registered. Further broken down, that number represents an incredible 83.3% increase in EVs from 2020, and overall accounted for 13.6% of all new vehicles this past year.
On the other hand, German-owned gas-powered vehicles fell 37.1% from 2020 to 2021, and in the same time frame, diesel powered declined from 28.1% to 20%.
Perhaps reflecting some of the shortages the world has experienced during the Covid-19 pandemic, the registration of all new cars in Germany dropped a noticeable 10.1%. The top three manufacturers were Volkswagen followed by Mercedes and BMW, although the number of vehicles sold by Mercedes fell more than 25% from the previous year.
Given the cumulative impact of the report, it appears that EVs are very bullish in Germany. This could be very good news for companies like Polestar and Lucid, which are just starting to deliver vehicles in 2020 and 2021 respectively.
Polestar already has a presence in Germany, selling a total of 2,631 vehicles (These include their hybrid vehicles as well) in 2021 — representing 153.2% increase from the previous year.
Lucid Motors has only completed deliveries within the United States to date but have confirmed their intention to begin getting vehicles into the hands of European customers by the end of 2022. They have not yet identified which countries they will start with initially, but it appears Germany would be an excellent consideration.
