Sales of Electric Cars to Private Owners Drop Amid Lack of Financial Subsidies

Demand for EVs doesn’t match the supply as private owners have been hit with a cost-of-living crisis, historically high inflation and high energy costs.

A line of electric vehicles of the model Y during the start of the production at Tesla's "Gigafactory" in Gruenheide, southeast of Berlin on March 22, 2022. Patrick Pleul/Pool/AFP via Getty Images

Sales of electric cars to private drivers have plunged amid the cutting of financial incentives and the overall uncertainty over maintaining electric vehicles (EVs).

Private owners were less eager to buy electric cars in the first half of 2023 than the same time last year.