U.S. markets closed
  • S&P 500

    3,748.14
    +21.28 (+0.57%)
     
  • Dow 30

    30,829.40
    +437.80 (+1.44%)
     
  • Nasdaq

    12,740.79
    -78.17 (-0.61%)
     
  • Russell 2000

    2,056.55
    +77.44 (+3.91%)
     
  • Crude Oil

    50.33
    +0.40 (+0.80%)
     
  • Gold

    1,921.50
    -32.90 (-1.68%)
     
  • Silver

    27.39
    -0.25 (-0.92%)
     
  • EUR/USD

    1.2329
    +0.0076 (+0.62%)
     
  • 10-Yr Bond

    1.0420
    +0.0870 (+9.11%)
     
  • GBP/USD

    1.3615
    +0.0038 (+0.28%)
     
  • USD/JPY

    103.0150
    +0.3120 (+0.30%)
     
  • BTC-USD

    35,977.89
    +590.79 (+1.67%)
     
  • CMC Crypto 200

    691.76
    +21.21 (+3.16%)
     
  • FTSE 100

    6,841.86
    +229.61 (+3.47%)
     
  • Nikkei 225

    27,055.94
    -102.69 (-0.38%)
     

Sales of battery-electric vehicles in Germany triple in 2020

·1 min read
FILE PHOTO: A parking sign for electric vehicles is pictured in Gruenheide
FILE PHOTO: A parking sign for electric vehicles is pictured in Gruenheide

FRANKFURT (Reuters) - Sales of battery-electric vehicles in Germany increased three-fold to more than 194,000 units in 2020, the country's road-traffic regulator said on Wednesday, citing the appeal of a more diversified product offering and of more reliable technology.

"E-mobility has become a mainstream feature of the mobile society," the president of German regulator KBA, Richard Damm, said in a statement.

Since vehicles with full or partial electric propulsion reached a market share of 22% in the fourth quarter of 2020, the German government was well on its way to reach its goal to have 7 million to 10 million registered electric vehicles on German roads by 2030, he added

Battery-electric vehicles made up 1.2% of all registered passenger cars in Germany at the end of 2020, up from 0.5% a year earlier, KBA said.

(Reporting by Ludwig Burger and Ilona Wissenbach)