European electric car market is anticipated to exhibit considerable growth during the forecast period (2019-2025). High disposable income, favorable government policies, government subsidies, and continuous introduction of the new car models are some of the major factors to encourage electric cars across Europe. For instance, as per the European Automobile Manufacturers Association, in 2019, UK electric vehicle car sales augmented by 21.5% as compared to 2018 and reached more than 72,800 in 2019 from around 60,000 in 2018.
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Charging infrastructure plays a key role in the sales of electric vehicles. To keep pace with the rising demand for electric cars to reduce carbon emission the region has created significant demand for established charging infrastructure. A lack of charging stations across the region is a key factor that may hamper the growth of electric car sales across the region. Hence, the investment in the installation of new charging stations across Europe is anticipated to accelerate the sales volume of electric cars owing to ease of access to the charging infrastructure. For instance, in March 2019, Ionity, the European electric vehicle charging joint venture of BMW, Daimler Volkswagen, and Ford announced its plans to install 400 loading stations with each having about 6 individual loading spots in Europe by the end of 2020.
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Market Coverage
- Market number available for – 2018-2025
- Base year- 2019
- Forecast period- 2019-2025
- Segment Covered- By vehicle Type, By Propulsion Technology, By Battery Type
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- AB Volvo, Tesla Inc., Audi AG, Daimler AG, Groupe PSA, Tesla Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European Electric Car Market report Segment
By Vehicle Type
- Hatchback
- Sedan
- SUV
By Propulsion Technology
- Battery Electric Car
- Plug-in Hybrid Electric Car
By Battery Type
- NiMH
- Li-ion
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
