Europe According to Global EV Outlook 2019 12 million cars were sold in Europe

Europe according to global ev outlook 2019 12 million

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Europe: According to Global EV Outlook 2019, 1.2 million cars were sold in Europe in 2018 with the growth of 385,000 units. Germany is the largest market for electric cars in Europe followed by Norway, the UK and France. Norway is the leading country in Europe as far as electric car penetration is concerned, with close to 30% of all cars sold being electric in the first half of 2017, followed by Iceland and Sweden. It is expected that almost half of all vehicles sold in 2030 in Europe are EVs. Drivers Stringent government regulations to curb pollution levels and reduce the dependence on expensive fossil fuel is driving the growth of electric car market in Europe. Netherland and Norway have banned the sales of fossil fuelled powered cars by 2025. The growing environmental awareness is encouraging people to opt for electric cars. The European customers are also less cost sensitive and more adaptive to the latest technologies. Challenges
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The recharging stations in Europe is still not developed to support the growing sales of electric cars in the region. The value chain of electric vehicles is still underdeveloped in Europe.
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  • Spring '14
  • Electric Vehicles Market

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