Remove Colombia Remove Fully Electric Remove PHEV Remove Tax
article thumbnail

Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. In Germany, the sales share for electric cars fell from 30% in 2022 to 25% in 2023. Increasing model availability is also helping boost sales.