Germany’s Electrifying Auto Industry

A new study by Jato Dynamics shows that Germany has the strongest market for electric cars so far in 2011. There were 1,020 new electric vehicles registered in the first half of the year in Germany – even though the country has one of the lowest government subsidies in Europe.

Why? Some experts believe the cost really has little to do with whether people buy electric cars or not – instead, people buying cars look at where they live, what the infrastructure is like and what a car is really worth.

But the good news is, EV (electric vehicle) sales in Europe in general have exploded in just a year’s time. There were more than 5,000 new electric cars registered in Europe in the first six months of 2011. That’s about 10 times – yes, 10 times! – as many EV’s as the first half of 2010. And as we saw at the Frankfurt Auto Show, the future for electric vehicles seems to be glowing brighter every day…