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Germany outperforms Norway and leads European electric car industry

Norway no longer has the largest share of the electric car market in Europe, Germany has managed to reach the new level during this year. The milestone is relevant because since 2010 Norway has continued to lead in this area, as well as showing how electric vehicles are becoming adopted on the roads.

According to statistics published by the two countries 'transport agencies, up to November, 57,533 new electric cars were registered in Germany, compared to 56,893 in Norway, according to statistics published by the two countries' transport agencies. The country sells most electric cars from all countries in Europe every year since at least 2010, when the Nissan Leaf, the first popular battery-powered car, made its debut.

Norway's expansion with its electric cars started with a government incentive, something that quickly gained strength, but has its potential limited by its population, with a population 6.4% smaller than Germany. Industry sources point out that Germany is expected to make major investments in the area in the coming years, with brands such as Volkswagen, BMW and Daimler ready to venture into the popularization of this type of vehicle. Germany is expected to triple its investments in electric cars, with an investment of 50 billion euros by 2024.

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Despite losing ground in recent months, Norway led the market for much of the year. In November manufacturers had a 27% drop in electric vehicle seals, while Germany saw a 9.1% increase.

Making cutting-edge investments in its vehicles, one of the companies that stands out when it comes to electric cars is Tesla Motors. Recently the company launched Cybertruck, a vehicle with a very different design that promises very high durability materials with cutting-edge technologies. Elon Musk, founder, has ambitious plans for future releases.

Source: Bloomberg. [TagsToTranslate] electric cars