Germany E-SUV Market Size, Share and Growth Report - Forecast Trends and Outlook (2025-2034)

Germany E-SUV Market Growth

Between January and August 2024, nearly 51% of all new battery electric vehicles purchased in Germany were Sports Utility Vehicles (SUVs), as per the Federal Motor Transport Authority. This highlights the soaring appeal for electric SUVs among German consumers, due to their rugged construction, higher ground clearance, and the provision of an elevated driving position, which reduces the risk of road accidents. While merely 26% of all new vehicle registrations were small and compact cars during this period, over 50% of them were SUVs, which accounted for nearly 40% of all new EV registrations in the country. Over the forecast period, innovative models and product launches are expected to drive the market.

By 2030, Germany aims to increase the EV adoption rates to 15 million units by expanding its network of EV charging infrastructure (currently at over 100,000 units) and making EV production substantially cost-effective for automotive manufacturers. Germany is expected to produce 20%-25% of Europe’s new EVs, while it its currently the continent’s leading automotive producer, followed by Spain (256,000) and France (225,000). Increasing investments in battery technology development as well as strengthening global supply chains is expected to bolster the market growth in the coming years.

Key Trends and Developments

Germany E-SUV Market Trends

The investment made by Taiwan Semiconductor Manufacturing Company has received EUR 5 billion of financial support from the German government to promote the growth of the domestic automotive industry. The TSMC has established a joint venture with Infineon Technologies, Robert Bosch, and NXP Technologies, which hold a stake of 10% each in the company. The facility is expected to produce nearly 40,000 wafers per month upon becoming operational in 2027.

Germany Industry Segmentation

Germany E-SUV Market Share

Based on region, the market is segmented into North Rhine-Westphalia, Bavaria, and Baden-Württemberg. North Rhine-Westphalia dominated the market, representing 20.4% of the overall market share in 2023. Over the forecast period, Bavaria is estimated to grow at a CAGR of 16.2% as a result of the rapid adoption of electric vehicles among consumers.

Leading Companies in the Germany E-SUV Market

Prominent automotive manufacturers in Germany are revamping their existing production facilities to obtain the benefit of government subsidies and introduce the latest EV models that appeal to the requirements of eco-conscious consumers at cost-effective rates.

Tesla Inc.

Tesla Inc. is an American multinational company that was formed in 2003 and is headquartered in Texas (USA). It is engaged in manufacturing luxury electric vehicles and unique clean energy products to enable the transition towards sustainable means of transportation.

BMW AG

BMW AG is headquartered in Munich and was founded in 1916. It is the world’s leading producer of premium aut...

Volkswagen AG

Volkswagen AG is headquartered in Wolfsburg and was founded in 1937. It is the world’s leading manufacturer ...

Mercedes-Benz Group AG

Mercedes-Benz Group AG is headquartered in Stuttgart and was founded in 1926. It is engaged in the production ...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major market players are BYD Co. Ltd., Ford Motor Co., AB Volvo, Toyota Motor Corp., Nissan Motor Co. Ltd., and Hyundai Motor Co., among others.