The European EV market 2014 - 2019; How the European EV market is being supported and how it is expected to evolve

Published: August 2016
No. of Pages: 48
    ReportsandReports

Summary

  • Europe's electric vehicle (EV) parc grew 17% between 2014 and 2015, with 70,912 EVs being added to the parc. The number of EVs registered in 2015 across Europe was 13% more than the number registered in 2014.
  • This growth is largely a result of strong policy incentives and related initiatives in a number of countries.
  • According to the European Automobile Manufacturers' Association (ACEA), wider EU-level support can help shift the new market focus from conventionally fuelled vehicles to EVs.
  • The ACEA sees the market share of EVs growing by between 2% and 8% in the 2020s.
  • Verdict's forecasts are less optimistic, predicting growth in market share from 0.5% of all registrations in 2014 to 0.9% in 2019. Achieving the growth targets will require much greater coordination from EU states. Uniform technology standards will help, but more needs to be done by both manufacturers and governments.
  • Yet despite large-scale investment in EVs by manufacturers, Europe's EV market remains largely nascent, and adoption rates are low.
  • Sales are affected by high initial purchase costs, range anxiety and a lack of re-charging infrastructure.

Key Findings

  • National and local governments have recognised this low uptake, and have introduced a wide range of incentives to support take up.
  • These range from fiscal incentives which support the initial purchase, to policy interventions and the provision of infrastructure.
  • In many ways then, Europe is still in the initial early adoption phase of electric mobility. The challenge now is how to make EVs the default choice for motorists, and create the conditions that will enable targets to be achieved.
  • Although EVs are gaining credibility, overall EU wide sales numbers are not impressive; some countries have seen more growth than others. These tend to be where there is a mix of regulatory and associated incentives.
  • Rising sales suggest that Europe is now entering the initial early adoption phase of electric mobility, with sales moving beyond the margin of 1% in some countries.
  • The report identifies which countries have put in place the right conditions to grow the EV market, and those which have work yet to do. It shows the current state of the
  • European EV market and how it is expected to evolve in the short term, and concludes that while the EV market is growing it is not growing at a rate that will allow government targets to be achieved in the near future.

Synopsis

"The European EV market 2014 - 2019", a Trend Report by Verdict Retail, provides an executive-level overview of how the electric vehicle market is developing across Europe, with forecasts of EV registrations up to 2019. It delivers quantitative and qualitative insight into the European new car market, analyzing key trends on motorists preferences for electric vehicles along with hybrids, diesels and petrol powered vehicles.

It provides in-depth analysis of the following:

  • New vehicle registrations across Europe by diesel, petrol, EV and hybrid categories, for each European country.
  • Identifying what the future of the European auto market will look in 2019
  • It also sets out the growth of the EV market in the context of regulatory targets, incentives and indirect support mechanisms

Reasons To Buy

  • This Verdict Retail report helps executives build proactive, profitable growth strategies by offering comprehensive, relevant analysis of the purchasing habits of motorists across Europe, providing insights into individual European markets and how readily they are adopting electric mobility.
  • The report is designed for an executive-level audience, boasting presentation quality charts that allows it to be turned into presentable material immediately.
  • The broad but detailed perspective will help auto industry players to target markets which are amenable to EV sales, as well as clearly showing those markets which are not yet set up to accommodate this new market.

Published By: Verdict
Product Code: Verdict323


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • China Passenger Vehicle Industry Overview, 2017-2021

    Readers can obtain the following information or more through this report: Development Environment of Passenger Vehicle Industry in China Analysis on Supply and Demand in Passenger Vehicle Industry in China Major Sales Channels of Passenger Vehic...

  • Global Rail Wheel Market by Manufacturers, Regions, Type and Application, Forecast to 2021

    Rail Wheels a type of Wheel specially designed for use on rail tracks. The Wheels is on the rails without guidance except for the shape of the tyre in relation to the rail head. Contrary to popular belief, the flanges should not touch the rails. Flan...

  • China Propeller Shafts Market Research Report 2017

    Notes: Sales, means the sales volume of Propeller Shafts Revenue, means the sales value of Propeller Shafts This report studies Propeller Shafts in China market, focuses on the top players in China market, with capacity, production, price, reven...

  • China Propeller Shaft Couplings Market Research Report 2017

    Notes: Sales, means the sales volume of Propeller Shaft Couplings Revenue, means the sales value of Propeller Shaft Couplings This report studies Propeller Shaft Couplings in China market, focuses on the top players in China market, with capacit...

  • Europe Ammunition Market Report 2017

    Notes: Sales, means the sales volume of Ammunition Revenue, means the sales value of Ammunition This report studies sales (consumption) of Ammunition in Europe market, especially in Germany, France, UK, Russia, Italy, Spain and Benelux, focuses ...

  • Europe Aluminum Alloy Car Roof Racks Market Report 2017

    Notes: Sales, means the sales volume of Aluminum Alloy Car Roof Racks Revenue, means the sales value of Aluminum Alloy Car Roof Racks This report studies sales (consumption) of Aluminum Alloy Car Roof Racks in Europe market, especially in German...

  • United States Xylene (CAS No.1330-20-70) Market Report 2017

    Notes: Sales, means the sales volume of Xylene(CAS No.1330-20-70) Revenue, means the sales value of Xylene(CAS No.1330-20-70) This report studies sales (consumption) of Xylene(CAS No.1330-20-70) in United States market, focuses on the top player...

  • United States Wide Domain Automotive Oxygen Sensor Market Report 2017

    Notes: Sales, means the sales volume of Wide Domain Automotive Oxygen Sensor Revenue, means the sales value of Wide Domain Automotive Oxygen Sensor This report studies sales (consumption) of Wide Domain Automotive Oxygen Sensor in United States ...

  • United States Vehicle Lighting Fixtures Market Report 2017

    Notes: Sales, means the sales volume of Vehicle Lighting Fixtures Revenue, means the sales value of Vehicle Lighting Fixtures This report studies sales (consumption) of Vehicle Lighting Fixtures in United States market, focuses on the top player...

  • United States Vehicle Exhaust Purification System Market Report 2017

    Notes: Sales, means the sales volume of Vehicle Exhaust Purification System Revenue, means the sales value of Vehicle Exhaust Purification System This report studies sales (consumption) of Vehicle Exhaust Purification System in United States mar...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: