Categories
Market Updates

European Electric Vehicle Market Size | COVID-19 Impact Analysis

European electric vehicle market is projected to grow at a significant CAGR of more than 18.0% during the forecast period (2019-2025). The factors that propel the growth of the market include the rising sales of electric vehicles by the companies, new EV models, and the rising need for future energy requirements. In November 2020, the Renault electric vehicle sales were 95,985 units, an increase of 80% as compared to 2019. In addition, Renaults ZOE, a third-generation model launched in 2019. Renault ZOE is the most selling electric vehicle in Europe. In 2020, 102,868 ZOE were sold which includes sales of 21,504 EV in December 2020.

(Get 15% Discount on Buying this Report)

Get Report Sample Copy @ https://www.omrglobal.com/request-sample/european-electric-vehicle-market

Furthermore, in July 2019, as per the report of the European Federation of Transport and Environment, the rising need for future energy requirements driving the number of electric car models, and in the European market, it will be triple within the next three years. EU carmakers were offering 60 EV models in 2018 while it will be offering 214 EV models in 2021. Carmakers will bring 92 fully electric vehicle models and 118 plug-in hybrid models in 2021.

A Full Report of European Electric Vehicle Market is Available at: https://www.omrglobal.com/industry-reports/european-electric-vehicle-market

Apart from it, the charging stations are also growing in the EU. For instance, in 2019 there were 211,438 public charging stations for EVs in Europe. Moreover, 16 large-scale lithium-ion battery plants will come online in Europe by 2023 and this will produce 131 GWh of battery. In January 2021, Royal Dutch Shell signed an agreement to buy 100% of Ubitricity, a European charging provider for EV’s, to move into low carbon transport. Thus, the companies are investing more for low emission and for developing the EV market in Europe.

Market Coverage

  • Market number available for – 2018-2025
  • Base year- 2018
  • Forecast period- 2019-2025
  • Segment Covered- By Vehicle Type, By Battery Type, By Propulsion Technology
  • Region Covered- Europe
  • Competitive Landscape- Renault Group, Alcraft Motor Co. Ltd., Volkswagen, Porsche AG, and Others.

European Electric Vehicle Market Report Segment

By Vehicle type

  • Commercial Vehicle
  • Passenger Cars
  • Two-Wheelers

By Propulsion Technology

  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle

By Battery Type

European Electric Vehicle Market- Countries Covered

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/european-electric-vehicle-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404

Press Release Distributed by Xherald

Leave a Reply

Your email address will not be published. Required fields are marked *