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Is the German electric car industry about to turn over?Next year or surpass my country and the Netherlands to lead the first

On March 9, McKinsey’s “2020 Electric Vehicle Index” mentioned that it is expected that by 2021, the German auto industry will become a beneficiary of the development of electric vehicles, and German automakers will account for the share of global electric vehicle production. It is expected to increase from 18% in 2019 to 24% in 2024.

According to the report, the growth of electric vehicle production in Germany will mainly come from plug-in hybrids, and by 2021, at least half of the electric vehicles produced in Germany will be plug-in hybrids.

From 2019 to 2020, Audi launched the electric SUV e-tron; Mercedes-Benz launched the electric sedan EQE; Volkswagen launched the ID.3 and ID.4 based on the MEB electric platform, and is expected to start making profits in 2021.

The report pointed out that in the future, Europe will become a hot spot for the development of electric vehicles. Sales of pure electric vehicles and plug-in hybrids in Europe surged last year, up more than 44 percent to 600,000 units. The report predicts that the German auto industry will benefit from the rapid development of electric vehicles.

The big growth in electric vehicles produced by German manufacturers will be largely due to plug-in hybrids. By 2021, at least half of all electric cars produced in Germany will be plug-in hybrids. However, the report also reminds that Germany needs to further improve its electric vehicle charging infrastructure. The country currently has 24,000 public charging points, ranking third behind China and the Netherlands.