German Car Production and EV Registrations Rise Amid Market Recovery
In March, Germany's domestic car production increased by 3% year-on-year, reaching 400,800 units, according to the automotive association VDA. This growth is partly attributed to an additional working day compared to the previous year. Despite this increase, production remains 16% below pre-COVID-19 levels. Additionally, new car registrations rose by 16% year-on-year, with electric vehicles accounting for 34% of total registrations. The rise in EV registrations, up 46% from the previous year, indicates a growing consumer shift towards electric mobility. 
