Why EV Prices are Quietly Dropping in Germany
A recent review of the German automobile market has found that electric vehicle prices are declining in Germany and the broader European market. According to joint research conducted by the Fraunhofer Institute for Systems and Innovation Research (ISI) and the International Council on Clean Transportation (ICCT), battery electric vehicle (BEV) prices have fallen by nearly 20% over the past half-decade. Furthermore, BEVs sold in European markets like Germany have steadily improved in range and performance, and potential buyers now have a lot more EV models to choose from. Researchers reviewed tens of thousands of vehicle data points from half a dozen auto market segments ranging from…