Burst boom bubble

WILL the e ­ car boom in Germany come to an end in 2023?

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Germany has risen to become the largest sales market for new e­cars after China. But sales could soon halve, a new study predicts.

The boom in electric cars in Germany could soon come to an end.

The growth of pure electric vehicles (BEV) and plug ­ in hybrids (PHEV) is already slowing down noticeably.

The growth rate is currently at 4.5 per cent after 73 per cent in the previous year. In 2023 and 2024, the market is even expected to shrink significantly. This is the forecast of the CentRE Automotive Research (CAR) in a new study.

According to the study, sales of pure electric cars and plug ­ in hybrids will halve in the next two

Trade increases

GOOD news for Italy as it has reported a favourable trade balance in the latest official report.

On Wednesday, January 18, Italy’s National Institute of Statistics (ISTAT), reported that Italy recorded a cyclical growth of 3.9 per cent in its exports, while imports decreased by 1.4 percentage points in November 2022.

According to the report, this positive trade balance is mainly due to the increase in sales to non­EU markets, which rose by 8.3 per cent, while those to the European Union (EU) area remained unchanged.

Between September and November last year, exports grew by 1.3 percentage points and imports fell by 2.6 per cent.

15% the Spanish apple market has grown within the last year.

years. Instead of 720,000 new cars with batteries, the industry will only be able to deliver 484,000 vehicles in 2023 and only 363,000 units in 2024.

The market share of electric cars, measured in terms of new registrations, could plummet from currently 27 to 12 per cent.