Electric cars in Germany 18% cheaper in real terms over five years as model range quadruples

· Business DEU

Electric vehicles in Germany have become 18 percent cheaper in real terms between 2020 and 2025, according to a study drawing on more than 100,000 entries from the ADAC database, while inflation-adjusted prices for combustion-engine cars rose roughly 2 percent over the same period.

The number of available electric models has more than quadrupled, though the average list price climbed from about €37,000 to €53,000 as mid- and upper-range vehicles came to dominate the segment, accounting for 73 percent of all electric offerings. State purchase subsidies totaling €53.9 million were approved in the first half of the year, with Tesla leading by brand at 2,086 vehicles and Volkswagen topping the manufacturer ranking with 2,720.

Electric and combustion cars are expected to reach price parity in Europe by around 2030. Germany has already met 87 percent of the EU's 2030 charging-infrastructure targets, which require a charging station at least every 60 kilometres on major highways.

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