The Netherlands electric car market is projected to augment at a CAGR of more than 23.0% during the forecast period, 2019-2025. Tax incentives have provided an exponential growth to the electric car market in 2019. The country’s electric car sales have registered a growth of 145% in 2019 YoY and reached to 72,600 in 2019 compared to around 29,700 in 2018. In addition, the government is offering various subsidies on electric cars including no road tax for five years, no luxury car tax which is up to $11,000 for fossil fuel vehicles, and lower-income tax on the Benefit in Kind (BiK) schemes. Moreover, from July 2020, an electric car will attract a subsidy of $4,425 for a car up to $50,000. While purchasing a second-hand EV, one can get a subsidy up to $2,200. These incentives are going to provide a considerable opportunity to the electric car market in the near future.
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The Netherlands electric car market is analyzed on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is further segmented into hatchback, sedan, and SUV. Some of the most selling car models in the country include Tesla Model 3, Audi e-Tron, Nissan LEAF, Renault ZOE, and MG ZS EV. On the basis of propulsion technology, the market is bifurcated into battery-electric cars and plug-in hybrid electric cars. Battery electric cars market is estimated to have a major market share during the forecast period. As per the European Automobile Manufacturers Association, in 2019 around 67,700 battery-electric cars were sold in the country, with a growth of 156% YoY making the country the largest market for battery-electric cars in 2019. Moreover, around 4,900 plug-in hybrid cars were sold in the country with a growth of around 54% YoY. By battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion battery-electric cars market is expected to cover a major 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
Netherlands Electric Car Market Report Segment
By Vehicle Type
- Hatchback
- Sedan
- SUV
By Propulsion Technology
- Battery Electric Cars
- Plug-in Hybrid Electric Car
By Battery Type
- NiMH
- Li-Ion
- Others
The Report Covers
- Comprehensive research methodology of the Netherlands Electric Car 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 Netherlands Electric Car Market.
- Insights about market determinants that are stimulating the Netherlands Electric Car Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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