October 20, 2020
car

Government incentives push electric car sales to record high in Germany

Volkswagen's ID4, the brand's first electric SUV, on show in Saxony, Dresden, Germany, on 23 September. Photo: Robert Michael/Picture Alliance via Getty
Volkswagen’s ID4, the brand’s first electric SUV, on show in Saxony, Dresden, Germany, on 23 September. Photo: Robert Michael/Picture Alliance via Getty

The shift to electric cars is gaining momentum in Germany, thanks in large part to government-backed incentives that are encouraging buyers to make the switch to electric and hybrid vehicles.

Figures published by Germany’s Federal Motor Transport Authority on Monday show registrations of new all-electric vehicles (BEVs) have risen by 260% in September, from the same month in 2019, to 21,188. These now account for an 8% share of the overall car market.

Hybrids make up just over 20% of the passenger-car market, with registrations up 185% last month from the previous September.

As part of its coronavirus stimulus package, the German government decided not to fund discounts on fossil-fuel cars or back a cash-for-clunkers scheme, but rather to support the switch to clean mobility by doubling subsidies

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Germany Automotive Camera Market 2020-2025 by Type (Viewing and Sensing Camera) & Vehicle Type (Passenger & Commercial)

DUBLIN, Sept. 28, 2020 /PRNewswire/ — The “Germany Automotive Camera Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

The Germany Automotive Camera Market is anticipated to register a CAGR of over 13% during the forecast period (2020 – 2025).

The growing demand for automobiles, increasing safety concern among customers, stringent government norms, latest innovation technology, rapid adoption of ADAS and availability of cast-effective parking cameras and sensors in aftermarket are some of the major drivers of growth of the market.

However, high cost of the module has been slightly hindering the market growth. ADAS like Adaptive cruise control (ACC), Forward Collision Warning System (FCWS) and Automatic Emergency Braking (AEB) requires 3 to 6 cameras to be installed on the vehicle. These cameras in an automotive cost almost 8 times the module in a mobile phone camera, making it a challenge for

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