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Economic turbulence threatens German automotive’s growth

The country’s automotive economy has recently struggled to modernise its infrastructure to make up lost ground in the EV transition. By Lee Monks

Historically, Germany has been synonymous with automotive excellence and strong car sales. In this respect, its recent struggles are notable. Its production and sales figures have been sluggish, with 2023 domestic sales still 24% lower than 2019 levels. Statista figures project domestic stagnation between 2024 and 2028, as well as a slight fall in market value from US$110.6bn to US$103.5bn.

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