H. Yoo
Research expert covering South Korea
Used vehicles in Germany - Statistics & facts
With the sudden end of electric vehicle subsidies in effect since December 2023, German car shoppers could turn towards the used car market for affordable electric options. Used EVs have been an emerging market in the past years as they faced consumer concerns regarding the used battery life cycle. In 2023, around 97,400 transfers of battery-electric vehicle ownership took place in Germany, which represented a year-over-year increase of nearly 40 percent. This uptick in ownership transfers is a trend also observable in the overall used motor vehicle market: Although the market had not yet reached pre-pandemic levels, 2023 was the first year when motor vehicle ownership transfers increased since 2016.
