The electric vehicle market has witnessed rapid evolution with the ongoing developments in automotive sector.
Evolution electric vehicles in europe.
After a turbulent period of excitement and promise as well as disappointment it is now possible to formulate a clearer view on the development of electric mobility to date and its drivers going forward.
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European consumers now have the choice of a wide range of ev models that cover all car segments.
By comparison during the golden age of the electric car at the beginning of the 20th century the ev stock peaked.
Electric vehicles and the energy sector impacts on europe s future emissions a fundamental change within the road transport sector is required if europe wants to achieve its objective of a long term transition to a low carbon european economy.
The plug in segment achieved a market share of 1 3 of total new car sales in 2016.
The base year for the report is 2018 and the forecast period is from 2019 to 2030.
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European sales of plug in electric cars passed 200 000 units for the first time in 2016.
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The wltp introduction together with changes in national vehicle taxation and grants created more awareness and demand for evs.
Electric vehicles charged with electricity from renewable sources can reduce future emissions of greenhouse gases and air pollutants from road transport.
During 2016 the all electric car segment ended with a market share of 0 57 of new car sales while plug in hybrids reached a market share of 0 73.
In the past few years europe has gone through the initial adoption phase of electric mobility.
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The global stock of plug in electric vehicles pevs between 2005 and 2009 consisted exclusively of all electric cars totaling about 1 700 units in 2005 and almost 6 000 in 2009 the plug in stock rose to about 12 500 units in 2010 of which 350 were plug in hybrids phevs.
The electric vehicles market is projected to reach 26 951 318 units by 2030 from an estimated 3 269 671 units in 2019 at a cagr of 21 1 during the forecast period.
Support policies remain important to help the transition to a low emission mobility future.
The rapid increases of ev sales started in september 2019 and gained further momentum this year.
The electric vehicle market in europe is gaining momentum while electric vehicles were.