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Growth Opportunities and Market Evolution of Electric Vehicles in Europe

Electric Vehicles Market Evolution and Growth Opportunities in Europe

Posted On 17 Oct, 2018

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Let’s all get something out of the way right now – electric cars in Europe are not exactly so popular as we might want them to be. We are flooded by news on TV and online about how electric cars are going to be taking over. We also hear about the demise of diesel engines. All of this is fine, but are we sure it isn’t taking place in the distant future? Because the present is pretty clear – petrol cars run the show.

First of all, let’s acknowledge the growth at which electric vehicles are sold around Europe. For instance, in 2012 only about 14 000 electric cars were sold here. In 2015 this number is significantly larger as it stands at 90 900 units sold. This includes both BEV and PHEV cars.

The first category is Battery Electric vehicles and the second one is Plug-in hybrid electric vehicles. Obviously, manufacturers push harder for the second type when it comes to electric vehicles for sale. In 2017 the number kept growing at it reached 120 000 electric cars sold.

So, the growth is there, we do not deny that. But the problem is that compared to the total sales of cars around Europe, this number really pales. You don’t believe us? Well for 2015 the electric cars sold were just 1.2% of the total car sales for the year. It is incredible how few BEV and PHEV vehicles people in Europe drive.

But Let’s Search for Some Optimism

There are certain countries in which there definitely is a trend for electric vehicles to take over. In the Netherlands, about 10% of all cars are electric. That’s quite the market. But we also have to respect the fact that many car rental companies also started buying PHEV cars for their fleet. Heck, they even have some rental cars for sale already. The years fly by quickly.

If we skip the EU, we have to mention Norway as a European country. In 2015, 22% of all new cars purchased there were electric. When it comes to vans, though, the picture isn’t so scenic. Just 0.5% of all vans across Europe are electric, the most being sold in France.

All in all, when we talk about vehicles for sale, the first thing that comes to mind isn’t electric cars yet. Yes, there are opportunities for the market to grow especially with the introduction of the Smart City idea in the UK and France, but we’ll have to wait till the reality changes radically.

 

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