KEY FINDINGS
The Europe electric vehicle market is predicted to propel with a CAGR of 15.90% during the forecast years 2022 to 2026. Investments in R&D, the presence of major market players, growing sales, government initiatives, etc., are set to accelerate the Europe electric vehicle market.
MARKET INSIGHTS
The Europe electric vehicle market growth study includes an evaluation of the United Kingdom, Netherlands, Sweden, France, Spain, Italy, Norway, Germany, and Rest of Europe. In Italy, National Recovery and Resilience Plan aims to settle sustainable electricity & transport sectors and develop low-carbon technologies. It aims to develop EV charging infrastructure and put research and development efforts into the main supply chains for the energy transition. The enhancement of sustainable transportation is one of Italy's biggest concerns in climate and environmental policies. Key investments in energy efficiency and sustainable transportation are part of Italy's recovery and resilience plan to support the country's green transformation and EV market.
Additionally, in April 2021, Spain introduced the new MOVES III incentive scheme for electrically-chargeable vehicles (EVs). Moves III will have a $472 million initial budget that will last through the end of 2023. But this can be increased to $944 million if the need arises. Private owners would be eligible for subsidies of up to $8,260 per vehicle, with higher subsidies available to small-town governments and businesses purchasing fleets of vehicles for taxi use. Up to $10,620 would be given to electric van buyers. Thus, government subsidies and incentives will help the Spain electronic vehicle market.
COMPETITIVE INSIGHTS
Major players operating in the market include Volkswagen AG, Stellantis NV, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Europe Electric Vehicle Market Forecast 2022-2026
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Beneficial Government Subsidies And Policies
3.1.2. Stringent Government Regulations On Vehicles Emissions
3.2. Key Restraints
3.2.1. Insufficient Charging Infrastructure
3.2.2. Potential Grid Overload
4. Key Analytics
4.1. Impact Of Covid-19 On Electric Vehicle Market
4.2. Key Market Trends
4.3. Porter's Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
4.6. Value Chain Analysis
4.7. Key Buying Criteria
4.8. Regulatory Framework
5. Market By Propulsion Type
5.1. Battery Electric Vehicles
5.2. Plug-In Hybrid Vehicles
5.3. Fuel Cell Electric Vehicles
6. Market By End-Use
6.1. Passenger Vehicles
6.2. Commercial Vehicles
6.2.1. Light Commercial Vehicles
6.2.2. Heavy Commercial Vehicles
7. Geographical Analysis
7.1. Europe
7.1.1. Market Size & Estimates
7.1.2. Key Growth Enablers
7.1.3. Key Challenges
7.1.4. Key Players
7.1.5. Country Analysis
7.1.5.1. United Kingdom
7.1.5.2. Germany
7.1.5.3. France
7.1.5.4. Italy
7.1.5.5. Netherlands
7.1.5.6. Spain
7.1.5.7. Norway
7.1.5.8. Sweden
7.1.5.9. Rest Of Europe
8. Competitive Landscape
8.1. Key Strategic Developments
8.1.1. Product Launches & Developments
8.1.2. Partnerships & Agreements
8.1.3. Business Expansions & Divestitures
8.2. Company Profiles
8.2.1. Bmw Group
8.2.2. Byd Co Ltd
8.2.3. Ford Motor Company
8.2.4. General Motors Company
8.2.5. Li Auto
8.2.6. Nio
8.2.7. Stellantis Nv
8.2.8. Tesla Inc
8.2.9. Toyota Motor Corporation
8.2.10. Volkswagen Ag
8.2.11. Xpeng
List Of Tables
Table 1: Market Snapshot - Electric Vehicle
Table 2: Regulatory Framework
Table 3: Europe Electric Vehicle Market, By Propulsion Type, Historical Years, 2018-2021 (In Thousand Units)
Table 4: Europe Electric Vehicle Market, By Propulsion Type, Forecast Years, 2022-2026 (In Thousand Units)
Table 5: Europe Electric Vehicle Market, By End-Use, Historical Years, 2018-2021 (In Thousand Units)
Table 6: Europe Electric Vehicle Market, By End-Use, Forecast Years, 2022-2026 (In Thousand Units)
Table 7: Europe Electric Vehicle Market, By Commercial Vehicles, Historical Years, 2018-2021 (In Thousand Units)
Table 8: Europe Electric Vehicle Market, By Commercial Vehicles, Forecast Years, 2022-2026 (In Thousand Units)
Table 9: Europe Electric Vehicle Market, By Country, Historical Years, 2018-2021 (In Thousand Units)
Table 10: Europe Electric Vehicle Market, By Country, Forecast Years, 2022-2026 (In Thousand Units)
Table 11: Key Players Operating In Europe Electric Vehicle Market
Table 12: List Of Product Launches & Developments
Table 13: List Of Partnerships & Agreements
Table 14: List Of Business Expansions & Divestitures
List Of Figures
Figure 1: Key Market Trends
Figure 2: Porter's Five Forces Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Value Chain Analysis
Figure 6: Key Buying Criteria
Figure 7: Europe Electric Vehicle Market, Growth Potential, By Propulsion Type, In 2021
Figure 8: Europe Electric Vehicle Market, By Battery Electric Vehicles, 2022-2026 (In Thousand Units)
Figure 9: Europe Electric Vehicle Market, By Plug-In Hybrid Vehicles, 2022-2026 (In Thousand Units)
Figure 10: Europe Electric Vehicle Market, By Fuel Cell Electric Vehicles, 2022-2026 (In Thousand Units)
Figure 11: Europe Electric Vehicle Market, Growth Potential, By End-Use, In 2021
Figure 12: Europe Electric Vehicle Market, By Passenger Vehicles, 2022-2026 (In Thousand Units)
Figure 13: Europe Electric Vehicle Market, By Commercial Vehicles, 2022-2026 (In Thousand Units)
Figure 14: Europe Electric Vehicle Market, Growth Potential, By Commercial Vehicles, In 2021
Figure 15: Europe Electric Vehicle Market, By Light Commercial Vehicles, 2022-2026 (In Thousand Units)
Figure 16: Europe Electric Vehicle Market, By Heavy Commercial Vehicles, 2022-2026 (In Thousand Units)
Figure 17: Europe Electric Vehicle Market, Country Outlook, 2021 & 2026 (In %)
Figure 18: United Kingdom Electric Vehicle Market, 2022-2026 (In Thousand Units)
Figure 19: Germany Electric Vehicle Market, 2022-2026 (In Thousand Units)
Figure 20: France Electric Vehicle Market, 2022-2026 (In Thousand Units)
Figure 21: Italy Electric Vehicle Market, 2022-2026 (In Thousand Units)
Figure 22: Netherlands Electric Vehicle Market, 2022-2026 (In Thousand Units)
Figure 23: Spain Electric Vehicle Market, 2022-2026 (In Thousand Units)
Figure 24: Norway Electric Vehicle Market, 2022-2026 (In Thousand Units)
Figure 25: Sweden Electric Vehicle Market, 2022-2026 (In Thousand Units)
Figure 26: Rest Of Europe Electric Vehicle Market, 2022-2026 (In Thousand Units)
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