The Europe Electric Vehicle Market Size is Projected to Grow at a CAGR of 29.1% During 2021-27
The European electric vehicle market is expected to witness robust growth in the coming years owing to the efforts of the European countries to reduce carbon emission in the EU. The countries are working comprehensively to shift people interest towards electric vehicle by providing incentives, grants and subsidies to their citizens. Furthermore, the countries are focusing on the development of public charging infrastructure and e-mobility across the nations to bring out the private sector investment which would attract people to buy Electric vehicles during the forecast period. For instance, the ‘Electric Mobility Act’ passed by the Government of Germany in 2015 had a positive impact on the sales of electric vehicles in the country. In addition to this, the government has released an economic stimulus package following the corona crisis which contained special incentives to promote electric vehicles, and this eventually resulted in a huge surge in sales figures for electric vehicles and this trend is expected to continue in the forecast period. In addition to this, the government of the Netherland has also rolled out National Charging Infrastructure Agenda to ensure strategic and data-driven placement of public charging infrastructure in the country. The government is acting as the driving force behind the rising share of electric transport in the country.
According to this research, the Europe Electric Vehicle Market size is projected to grow at a CAGR of 29.1% during 2021-27F. Despite the worldwide pandemic of the novel coronavirus, the electric vehicle market in Europe has grown exponentially on the account of growing environmental awareness combined with the incentives provided by the governments such as lower purchase price of EVs, exemption from tax and other local benefits. Furthermore, stringent emission norms such as the ban on ICE cars are giving consumers an option to switch towards electric vehicles which are likely to propel the market in the forecast period. Additionally, the French government has also launched the “Advenir” programme under which subsidies can be granted for installing charging points on road like a tax credit of 300 on the purchase and installation of an EV charger at the main residence. Companies can get a subsidy of up to 40% and condominiums (apartment blocks) can get a subsidy of up to 50% on the purchase and installation cost of the EV charging point.
Notably, based on countries, Germany comprised the biggest market share in the electric vehicle market of Europe in 2020 owing to the high disposable income and growing acceptance of the electric vehicle. Additionally, growing government and environmental agencies initiatives that encourage consumers to opt for electric vehicles are likely to drive the market in the upcoming years
Europe Electric Vehicle Market report comprehensively covers the market by vehicle types and countries. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/ high growth areas, market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the report:
- Europe Electric Vehicle Market Overview
- Europe Electric Vehicle Market Outlook
- Europe Electric Vehicle Market Forecast
- Historical Data and Forecast of Europe Electric Vehicle Market Revenues By Vehicle Types and Countries for the Period 2017-2027F
- Market Drivers
- Market Restraints
- Europe Electric Vehicle Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Europe Electric Vehicle Market Share, By Company
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The report covers the detailed analysis of the following market segments:
By Vehicle Types
- Electric 2-Wheeler
- Lead Acid
- Lithium-Ion
- Electric 3-Wheeler
- Electric 4-Wheeler
- Electric Bus
- Electric Truck
By Countries
- Netherland
- Belgium
- France
- Italy
- Germany
- Spain
- United Kingdom
Table of Contents
1. Introduction
1.1 Market Scope & Segmentation
1.2 Research Methodology
1.3 Assumptions
1.4 Report Description
2. Europe (Netherlands, France, Germany, Spain, Italy, Belgium and United Kingdom) Electric Vehicle Market Overview
2.1 Europe Electric Vehicle Market Revenues and Volume, 2017-2027F
2.2 Europe Electric Vehicle Market Revenues and Volume Share, By Types, 2020 & 2027F
2.3 Europe Electric Vehicle Market Revenue Share, By Countries, 2020 & 2027F
3. Netherlands Electric Vehicle Market Overview
3.1 Netherlands Electric Vehicle Market Revenues and Volume, 2017-2027F
3.2 Netherlands Electric Vehicle Market Revenues and Volume Share, By Types, 2020 & 2027F
3.3 Netherlands Electric Vehicle Market Revenues, By Types, 2017-2027F
3.4 Netherlands Electric Vehicle Market Volume, By Types, 2017-2027F
3.5 Netherlands Two Wheeler Electric Vehicle Market Overview, By Battery Types, 2017-2027F
3.6 Netherlands Electric Vehicle Market Government Guidelines and Tax Structure
4. Belgium Electric Vehicle Market Overview
4.1 Belgium Electric Vehicle Market Revenues and Volume, 2017-2027F
4.2 Belgium Electric Vehicle Market Revenues and Volume Share, By Types, 2020 & 2027F
4.3 Belgium Electric Vehicle Market Revenues, By Types, 2017-2027F
4.4 Belgium Electric Vehicle Market Volume, By Types, 2017-2027F
4.5 Belgium Two Wheeler Electric Vehicle Market Overview, By Battery Types, 2017-2027F
4.6 Belgium Electric Vehicle Market Government Guidelines and Tax Structure
5. France Electric Vehicle Market Overview
5.1 France Electric Vehicle Market Revenues and Volume, 2017-2027F
5.2 France Electric Vehicle Market Revenues and Volume Share, By Types, 2020 & 2027F
5.3 France Electric Vehicle Market Revenues, By Types, 2017-2027F
5.4 France Electric Vehicle Market Volume, By Types, 2017-2027F
5.5 France Two Wheeler Electric Vehicle Market Overview, By Battery Types, 2017-2027F
5.6 France Electric Vehicle Market Government Guidelines and Tax Structure
6. Italy Electric Vehicle Market Overview
6.1 Italy Electric Vehicle Market Revenues and Volume, 2017-2027F
6.2 Italy Electric Vehicle Market Revenues and Volume Share, By Types, 2020 & 2027F
6.3 Italy Electric Vehicle Market Revenues, By Types, 2017-2027F
6.4 Italy Electric Vehicle Market Volume, By Types, 2017-2027F
6.5 Italy Two Wheeler Electric Vehicle Market Overview, By Battery Types, 2017-2027F
6.6 Italy Electric Vehicle Market Government Guidelines and Tax Structure
7. Germany Electric Vehicle Market Overview
7.1 Germany Electric Vehicle Market Revenues and Volume, 2017-2027F
7.2 Germany Electric Vehicle Market Revenues and Volume Share, By Types, 2020 & 2027F
7.3 Germany Electric Vehicle Market Revenues, By Types, 2017-2027F
7.4 Germany Electric Vehicle Market Volume, By Types, 2017-2027F
7.5 Germany Two Wheeler Electric Vehicle Market Overview, By Battery Types, 2017-2027F
7.6 Germany Electric Vehicle Market Government Guidelines and Tax Structure
8. Spain Electric Vehicle Market Overview
8.1 Spain Electric Vehicle Market Revenues and Volume, 2017-2027F
8.2 Spain Electric Vehicle Market Revenues and Volume Share, By Types, 2020 & 2027F
8.3 Spain Electric Vehicle Market Revenues, By Types, 2017-2027F
8.4 Spain Electric Vehicle Market Volume, By Types, 2017-2027F
8.5 Spain Two Wheeler Electric Vehicle Market Overview, By Battery Types, 2017-2027F
8.6 Spain Electric Vehicle Market Government Guidelines and Tax Structure
9. United Kingdom Electric Vehicle Market Overview
9.1 United Kingdom Electric Vehicle Market Revenues and Volume, 2017-2027F
9.2 United Kingdom Electric Vehicle Market Revenues and Volume Share, By Types, 2020 & 2027F
9.3 United Kingdom Electric Vehicle Market Revenues, By Types, 2017-2027F
9.4 United Kingdom Electric Vehicle Market Volume, By Types, 2017-2027F
9.5 United Kingdom Two Wheeler Electric Vehicle Market Overview, By Battery Types, 2017-2027F
10. Government Initiatives
11. Europe Electric Vehicle Market Competitive Landscape
11.1 Netherlands Electric Vehicle Market Volume Ranking, By Company, 2020
11.2 Belgium Electric Vehicle Market Volume Ranking, By Company, 2020
11.3 France Electric Vehicle Market Volume Ranking, By Company, 2020
11.4 Italy Electric Vehicle Market Volume Ranking, By Company, 2020
11.5 Germany Electric Vehicle Market Volume Ranking, By Company, 2020
11.6 Spain Electric Vehicle Market Volume Ranking, By Company, 2020
11.7 United Kingdom Electric Vehicle Market Volume Ranking, By Company, 2020
12. Europe Electric Vehicle Market - Opportunity Assessment
12.1 Netherlands Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
12.2 Belgium Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
12.3 France Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
12.4 Italy Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
12.5 Germany Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
12.6 Spain Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
12.7 United Kingdom Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
13. Company Profiles
13.1 Tesla Inc.
13.2 Volkswagen AG
13.3 Renault S.A
13.4 BYD Auto Co., Ltd.
13.5 Hyundai Motor Corporation
13.6 Niu Technologies
13.7 BMW
13.8 AB Volvo
13.9 DAF Trucks
13.10 Silence Urban Ecomobility
14. Disclaimer
List of Tables
Table 1: Netherlands Electric Vehicle Market Revenues, By Types, 2017-2027F ($ Million)
Table 2: Netherlands Electric Vehicle Market Volume, By Types, 2017-2027F (Units)
Table 3: Netherlands Two Wheeler Electric Vehicle Market Revenues, By Battery Types, 2017-2027F ($ Million)
Table 4: Netherlands Two Wheeler Electric Vehicle Market Volume, By Battery Types, 2017-2027F (Units)
Table 5: Belgium Electric Vehicle Market Revenues, By Types, 2017-2027F ($ Million)
Table 6: Belgium Electric Vehicle Market Volume, By Types, 2017-2027F (Units)
Table 7: Belgium Two Wheeler Electric Vehicle Market Revenues, By Battery Types, 2017-2027F ($ Million)
Table 8: Belgium Two Wheeler Electric Vehicle Market Volume, By Battery Types, 2017-2027F (Units)
Table 9: France Electric Vehicle Market Revenues, By Types, 2017-2027F ($ Million)
Table 10: France Electric Vehicle Market Volume, By Types, 2017-2027F (Thousand Units)
Table 11: France Two Wheeler Electric Vehicle Market Revenues, By Battery Types, 2017-2027F ($ Million)
Table 12: France Two Wheeler Electric Vehicle Market Volume, By Battery Types, 2017-2027F (Units)
Table 13: Italy Electric Vehicle Market Revenues, By Types, 2017-2027F ($ Million)
Table 14: Italy 4-Wheeler Electric Vehicle Market Volume, By Types, 2017-2027F (Units)
Table 15: Italy Two Wheeler Electric Vehicle Market Revenues, By Battery Types, 2017-2027F ($ Million)
Table 16: Italy Two Wheeler Electric Vehicle Market Volume, By Battery Types, 2017-2027F (Units)
Table 17: Germany Electric Vehicle Market Revenues, By Types, 2017-2027F ($ Million)
Table 18: Germany Electric Vehicle Market Volume, By Types, 2017-2027F (Thousand Units)
Table 19: Germany Two Wheeler Electric Vehicle Market Revenues, By Battery Types, 2017-2027F ($ Million)
Table 20: Germany Two Wheeler Electric Vehicle Market Volume, By Battery Types, 2017-2027F (Units)
Table 21: Spain Electric Vehicle Market Revenues, By Types, 2017-2027F ($ Million)
Table 22: Spain 4-Wheeler Electric Vehicle Market Volume, By Types, 2017-2027F (Units)
Table 23: Spain Two Wheeler Electric Vehicle Market Revenues, By Battery Types, 2017-2027F ($ Million)
Table 24: Spain Two Wheeler Electric Vehicle Market Volume, By Battery Types, 2017-2027F (Units)
Table 25: United Kingdom Electric Vehicle Market Revenues, By Types, 2017-2027F ($ Million)
Table 26: United Kingdom Electric Vehicle Market Volume, By Types, 2017-2027F (Units)
Table 27: United Kingdom Two Wheeler Electric Vehicle Market Revenues, By Battery Types, 2017-2027F ($ Million)
Table 28: United Kingdom Two Wheeler Electric Vehicle Market Volume, By Battery Types, 2017-2027F (Units)
Table 29: Tax Structure for Fully Electric Vehicles
Table 30: Spain 4-Wheeler Electric Vehicle Market Volume Share, By Battery Types, 2020 & 2027F
List of Figures
Figure 1: Europe Electric Vehicle Market Revenues, 2017-2027F ($ Million)
Figure 2: Europe Electric Vehicle Market Volume, 2017-2027F (Units)
Figure 3: Europe Electric Vehicle Market Revenue Share, By Types, 2020 & 2027F
Figure 4: Europe Electric Vehicle Market Volume Share, By Types, 2020 & 2027F
Figure 5: Europe Electric Vehicle Market Revenue Share, By Countries, 2020 & 2027F
Figure 6: Netherlands Electric Vehicle Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)
Figure 7: Netherlands Electric Vehicle Market Revenue Share, By Types, 2020 & 2027F
Figure 8: Netherlands Electric Vehicle Market Volume Share, By Types, 2020 & 2027F
Figure 9: Netherlands Two Wheeler Electric Vehicle Market Revenue Share, By Battery Types, 2020 & 2027F
Figure 10: Netherlands Two Wheeler Electric Vehicle Market Revenue Share, By Battery Types, 2020 & 2027F
Figure 11: Belgium Electric Vehicle Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)
Figure 12: Belgium Electric Vehicle Market Revenue Share, By Types, 2020 & 2027F
Figure 13: Belgium Electric Vehicle Market Volume Share, By Types, 2020 & 2027F
Figure 14: Belgium Two Wheeler Electric Vehicle Market Revenue Share, By Battery Types, 2020 & 2027F
Figure 15: Belgium Two Wheeler Electric Vehicle Market Volume Share, By Battery Types, 2020 & 2027F
Figure 16: France Electric Vehicle Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)
Figure 17: France Electric Vehicle Market Revenue Share, By Types, 2020 & 2027F
Figure 18: France Electric Vehicle Market Volume Share, By Types, 2020 & 2027F
Figure 19: France Two Wheeler Electric Vehicle Market Revenue Share, By Battery Types, 2020 & 2027F
Figure 20: France Two Wheeler Electric Vehicle Market Volume Share, By Battery Types, 2020 & 2027F
Figure 21: Italy Electric Vehicle Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)
Figure 22: Italy Electric Vehicle Market Revenue Share, By Types, 2020 & 2027F
Figure 23: Italy Electric Vehicle Market Volume Share, By Types, 2020 & 2027F
Figure 24: Italy Two Wheeler Electric Vehicle Market Revenue Share, By Battery Types, 2020 & 2027F
Figure 25: Italy Two Wheeler Electric Vehicle Market Volume Share, By Battery Types, 2020 & 2027F
Figure 26: Germany Electric Vehicle Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)
Figure 27: Germany Electric Vehicle Market Revenue Share, By Types, 2020 & 2027F
Figure 28: Germany Electric Vehicle Market Volume Share, By Types, 2020 & 2027F
Figure 29: Germany Two Wheeler Electric Vehicle Market Revenue Share, By Battery Types, 2020 & 2027F
Figure 30: Germany Two Wheeler Electric Vehicle Market Volume Share, By Battery Types, 2020 & 2027F
Figure 31: Spain Electric Vehicle Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)
Figure 32: Spain Electric Vehicle Market Revenue Share, By Types, 2020 & 2027F
Figure 33: Spain Electric Vehicle Market Volume Share, By Types, 2020 & 2027F
Figure 34: Spain 4-Wheeler Electric Vehicle Market Revenue Share, By Battery Types, 2020 & 2027F
Figure 35: Spain 4-Wheeler Electric Vehicle Market Volume Share, By Battery Types, 2020 & 2027F
Figure 36: United Kingdom Electric Vehicle Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units)
Figure 37: United Kingdom Electric Vehicle Market Revenue Share, By Types, 2020 & 2027F
Figure 38: United Kingdom Electric Vehicle Market Volume Share, By Types, 2020 & 2027F
Figure 39: United Kingdom Two Wheeler Electric Vehicle Market Revenue Share, By Battery Types, 2020 & 2027F
Figure 40: United Kingdom Two Wheeler Electric Vehicle Market Volume Share, By Battery Types, 2020 & 2027F
Figure 41: Total Number of Public Charging Points in Netherlands,2013-2026F
Figure 42: Percentage of BEVs in total passenger car sales, 2016-2020
Figure 43: Total Number of Public Charging Points in France,2013-2023F
Figure 44: Percentage of BEVs in total passenger car sales,2016-2020
Figure 45: Total Number of Public Charging Points in France,2013-2020
Figure 46: United Kingdom Public Charging Devices (Units)
Figure 47: Netherlands Electric Four Wheeler Passenger Vehicle Volume Share, By Company, 2020
Figure 48: Netherlands Electric Two Wheeler Passenger Vehicle Market Volume Ranking, By Company, 2019
Figure 49: Netherlands Electric Bus Market Volume Ranking, By Company, 2020
Figure 50: Netherlands Electric Truck Market Volume Ranking, By Company, 2020
Figure 51: Belgium Electric Four Wheeler Vehicle Market Volume Ranking, By Company, 2020
Figure 52: Belgium Electric Two Wheeler Vehicle Market Volume Ranking, By Company, 2020
Figure 53: Belgium Electric Bus Vehicle Market Volume Ranking, By Company, 2020
Figure 54: France Electric Four Wheeler Volume Share, By Company, 2020
Figure 55: France Electric Two Wheeler Volume Share, By Company, 2020
Figure 56: France Electric Bus Market Volume Ranking, By Company, 2020
Figure 57: France Electric Truck Market Volume Ranking, By Company, 2020
Figure 58: Italy Electric Four Wheeler Vehicle Market Volume Ranking, By Company, 2020
Figure 59: Italy Electric 2-Wheeler Vehicle Market Volume Ranking, By Company, 2020
Figure 60: Italy Electric Bus Vehicle Market Volume Ranking, By Company, 2020
Figure 61: Italy Electric Truck Vehicle Market Volume Ranking, By Company, 2020
Figure 62: Germany Electric Four Wheeler Volume Share, By Company, 2020
Figure 63: Germany Electric Two Wheeler Vehicle Market Volume Ranking, By Company, 2020
Figure 64: Germany Electric Bus Market Volume Ranking, By Company, 2020
Figure 65: Spain Electric Four Wheeler Vehicle Market Volume Ranking, By Company, 2020
Figure 66: Spain Electric 2-Wheeler Vehicle Market Volume Ranking, By Company, 2020
Figure 67: Spain Electric Bus Vehicle Market Volume Ranking, By Company, 2020
Figure 68: Spain Electric Truck Vehicle Market Volume Ranking, By Company, 2020
Figure 69: United Kingdom Electric Four Wheeler Vehicle Market Volume Ranking, By Company, 2020
Figure 70: United Kingdom Electric Two Wheeler Vehicle Market Volume Ranking, By Company, 2020
Figure 71: United Kingdom Electric Bus Vehicle Market Volume Ranking, By Company, 2020
Figure 72: Netherlands Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
Figure 73: Belgium Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
Figure 74: France Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
Figure 75: Italy Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
Figure 76: Germany Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
Figure 77: Spain Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
Figure 78: United Kingdom Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
Samples
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Companies Mentioned
- AB Volvo
- BMW
- BYD Auto Co., Ltd.
- DAF Trucks
- Hyundai Motor Corporation
- Niu Technologies
- Renault S.A
- Silence Urban Ecomobility
- Tesla Inc.
- Volkswagen AG
