The European battery electric vehicle market is estimated to grow at a CAGR of more than 24.0% during the forecast period. In Europe, a shift toward BEV has been witnessed in a couple of years. As per the European Automobile Manufacturers Association, in Europe, BEV witnessed a growth of 80% in 2019 YoY whereas the growth of PHEV was only near to 7.1% YoY in 2019. The increasing popularity of BEV such as Tesla models in Europe is one of the major factors for the growth of the BEV market. Some other major factors contributing to the growth of the market include encouraging government regulations, financial backing on the electric vehicle by the government, development of charging infrastructure, and stringent target to curb the carbon emission. Besides, increased traveling range of the BEV due to the technological advancement of the batteries is another major factor leading to the adoption of BEV in the region.
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The market is studied on the basis of vehicle type and battery type. Based on vehicle type, the market is further classified into commercial vehicles, passenger cars, and others. The passenger vehicle segment is expected to hold the largest market share during the forecast period. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries cars is projected to cover a major market share in the near future.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Europe Battery Electric Vehicle Market by Vehicle Type
- Passenger Car
- Commercial Vehicle
- Others
Europe Battery Electric Vehicle Market by Battery Type
- NiMH
- Li-Ion
- Others
Regional Analysis
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Netherlands
- Norway
- Rest of Europe
Company Profiles
- Audi AG
- BAIC Group
- BMW AG
- BYD Auto Co., Ltd.
- Chery Automobile Co., Ltd.,
- Fiat Chrysler Automobiles N.V.
- Ford Motor Co.
- General Motors Co.
- Great Wall Motors Co. Ltd.
- Groupe PSA
- Honda Motor Co., Ltd.
- Hyundai Motor Co.
- Jaguar Land Rover Ltd.
- Kia Motors Corp.
- Nissan Motor Co.
- Renault Group
- SAIC Motor Corp. Ltd.
- Tesla, Inc.
- Toyota Motor Corp.
- Volkswagen AG
The Report Covers
- Comprehensive research methodology of the European Battery Electric Vehicle Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European Battery Electric Vehicle Market.
- Insights about market determinants which are stimulating the European Battery Electric Vehicle Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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