In the report titled ‘Europe Electric Vehicle Market Outlook, 2025’ by Bonafide Research the countries of Germany, UK, France, Netherlands, Norway, Sweden, Italy, and Spain are studied, which in total accounted for a market of USD 9.47 Billion in the year 2014. The market is expected to cross USD 100 Billion, while is to show a volume CAGR of over 30%.
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The top three countries in the region are Germany, the UK, and Norway, which together account for a market of approximately 30% in terms of value and volume over the period. Volkswagen Group and Renault are investing strongly in electric vehicles. The Volkswagen Group plans to invest approx of USD 72 Billion on the development, including areas of hybridization, electric mobility, and digitalization between 2020 and 2024. Renault SA will invest 128.5 million Euros for a 50% stake in a venture with Jiangling Motors Corp to develop electric vehicles in China, part of a push by a French company to make further inroads into the world market.
The governments support the wide deployment of electric vehicles in the region, by extending the grant scheme with a substantial grant for boosting the adoption of ultra-low emission vehicles. Norway became the first country in the world in March 2014, where one in every 100 passenger cars was an electric plug-in. In addition, in 2019, almost 60% of the cars sold were electric-powered. The commercial electric vehicles in the year 2019 were restricted to 30.53 Thousand Units, which is expected to reach over a market of 120 Thousand Units by the end of the forecasted period.
Customer demand for electric cars has been constrained by concerns about the limited operating range of vehicles. In Germany, electric cars made up only 1.8% of new passenger car registrations last year, with diesel and petrol cars accounting for 32% and 59.2% respectively. As more businesses in the region adopt electric vans and commercial vehicles, major manufacturers are working hard to keep up with demand, rolling out an impressive selection of dedicated commercial electric vans. Some countries in the region charge higher road tolls for diesel cars than for petrol-driven vehicles.
The major contributing segment of PHEV is expected to grow over a CAGR of 3% through the forecasted period. The market scenario is expected to change by the forecasted period, with the BEV segment ruling the market, with a market value of over USD 60 Billion. However, it is important to note that the segment contributed to 46.28% by volume in the year 2019.
Europe represents the largest share of around 0.6 million of the charging points, corresponding to a connectivity penetration rate of 46%. There are 271337 public EV charging points in Europe. To guarantee a seamless charging infrastructure in the region, the geographic distribution of charging stations certainly still needs to catch up. The super fast charging points held to a share of less than 10% in the total market in 2019. The resulting lack of fast charging stations makes consumers concerned about the lack of charging options, thus forestalling the development of a functioning market.
Companies Mentioned:
Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company BYD Company Motors, Ford Motor Company, Scania, Irizar,Arrival
CONSIDERED IN THE REPORT
• Geography: Europe
• Base year: 2019
• Historical year: 2014
• Forecasted year: 2025
REGIONS COVERED:
• Europe
• Germany
• UK
• France
• Norway
• Netherlands
• Sweden
• Italy
• Spain
The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. In addition, the market is studied in detail with respect to the different types of the excavators and its purposes regionally.
ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2014-2025F)
• Market Size By Volume for the time period (2014-2025F)
• Market Share by Vehicle Type (Passenger & Light Commercial)
• Market Share by Propulsion Type (BEV & PHEV)
• Market Share by Sales Channel (2020 & 2026F)
• Market Share by Charging Type ( Normal & Fast)
• Market Share by Country
Key Points Covered in this report:
• Market Evolution through value and volume CAGRs at different verticals
• Detailed discussion on the market dynamics that influence the market and the possible opportunities
• In sights on the market leader’s performance including market shares, strategies, products, financial positions, etc
This report would help you answer the following questions:
1. What is the market size and forecast of the Europe Electric Vehicle Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Europe Electric Vehicle Market during the forecast period?
3. Which region outstands in the Europe Electric Vehicle Market?
4. Which are the segments to invest in over the forecast period in the Europe Electric Vehicle Market?
5. What is the competitive strategic window for opportunities in the Europe Electric Vehicle Market?
6. What are the technology trends and regulatory frameworks in the Europe Electric Vehicle Market?
7. What are the major company in the Europe Electric Vehicle Market?
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TABLE OF CONTENTS
1 Executive Summary
2 Report Methodology
3 Global Electric Vehicle Market Outlook
3.1 Market Size
3.1.1 By Value
3.1.2 By Volume
3.2 Market Share
3.2.1 By Vehicle Type
3.2.2 By Propulsion Type (BEV & PHEV)
3.2.3 By Charging Type
3.2.4 By Vehicle Class
3.2.5 By Region
3.2.6 By Country
3.2.7 By Company
3.3 Global BEV Market Outlook
3.4 Global PHEV Market Outlook
4 Europe Electric Vehicle Market Outlook
4.1 Market Size
4.1.1 By Value
4.1.2 By Volume
4.2 Market Share
4.2.1 By Vehicle Type
4.2.2 By Propulsion Type (BEV & PHEV)
4.2.3 By Charging Type
4.2.4 By Country
4.3 Europe BEV & PHEV Market Outlook
4.3.1 By Value
4.3.2 By Volume
4.4 Germany Electric Vehicle Market Outlook
4.4.1 Market Size
4.4.2 Market Share
4.5 UK Electric Vehicle Market Outlook
4.5.1 Market Size
4.5.2 Market Share
4.6 France Electric Vehicle Market Outlook
4.6.1 Market Size
4.6.2 Market Share
4.7 Norway Electric Vehicle Market Outlook
4.7.1 Market Size
4.7.2 Market Share
4.8 Netherlands Electric Vehicle Market Outlook
4.8.1 Market Size
4.8.2 Market Share
4.9 Sweden Electric Vehicle Market Outlook
4.9.1 Market Size
4.9.2 Market Share
4.10 Italy Electric Vehicle Market Outlook
4.10.1 Market Size
4.10.2 Market Share
4.11 Spain Electric Vehicle Market Outlook
4.11.1 Market Size
4.11.2 Market Share
5 Market Dynamics
5.1 Key Drivers
5.2 Key Challenges
6 Market Trends and Developments
6.1 Electrification in Heavy Commercial Vehicle Segment
6.2 E-Car Rental Programs
6.3 Income Generation across the Life Cycle of a vehicle
6.4 Omnichannel Approach
7 Competitive Landscape
7.1 Porter’s Five Forces
8 Company Profile
8.1 Arrival Limited
8.2 Beijing Automobiles Industry Holding Corporative limited
8.3 BMW Group
8.4 BYD Company Motors
8.5 Citroen
8.6 Daimler AG
8.7 Ford Motors
8.8 General Motors
8.9 Hyundai
8.10 Micro Mobility
8.11 MW Motors
8.12 Nissan Motor
8.13 PoleStar
8.14 Rimac Automobiles
8.15 SAIC
8.16 Tesla
8.17 Toyota Motor Corporation
8.18 VDL
8.19 Venturi
8.20 Volkswagen
8.21 Zhejiang Geely
9 Strategic Recommendations
10 Disclaimer
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