EUROPE ELECTRIC VEHICLE MARKET

KEY FINDINGS

  1. In 2019, EV sales grew in Europe by ~25% to 0.5 Million units, highest worldwide
  2. BEVs comprised ~60% of total EV sales in 2019, compared to 55% in 2018.As of Jan 2020, 26 BEV models are available for sale in Europe, as compared to 242 in China and 24 in US. 
  3. Total deployed capacity in terms of Li-ion batteries across EVs (including commercial vehicles) was 20.3 GWh in 2019, 12% more than US, 1/3rd of China market
  4. HEVs( Non-plugin) are the fastest growing segment, accounting for ~0.6 Million units in 2019, growing at a CAGR of 22% in past 5 years. Toyota has more than 65% market share of this segment
  5. H2 infrastructure development and promotion by the EU legislators is comparatively behind China, Japan and South Korea

 

Info Graphic: Europe Electric Vehicle Market

MARKET DYNAMICS

Upcoming 95gm Co2/km fleet average limit, WLTP emission and fast charging network expansion across Europe will address range anxiety and boost EV uptake.

Germany, where the tax on PHEV company cars is half that of conventional cars(valid for <40,000 Euros sticker price) after new rule in Sep 2019, and France now has a steep CO2-based taxation will boost PHEV sales.

Audi, PSA, BMW and Mercedes have a strong line-up of PHEVs in pipeline (more than 20 PHEVs in 2019-2022), to be manufactured post Q2-2020 to meet the 2021 95gm/km CO2 regulation.

 

 

MARKET SEGMENTATION

Infographic: Europe Electric Vehicle Market, Europe Electric car market

 

 

 

MARKET SIZE AND FORECAST

Europe electric vehicle market was estimated at $20 Billion in 2019. With more than 35 EVs (BEV+ PHEV) in pieline, the market volume  could grow up-to 1.5 Million or 10% of new car sales by 2025.

BEV sales in Europe, grew YOY by ~90% whereas PHEV sales declined by ~10%. Norway,Germany and Netherlands accounted for almost 50% share of BEVs sold in Europe.

Infographic: Europe BEV market share by Country

 

 

EUROPE ELECTRIC VEHICLE MARKET SHARE- JAN-NOV 2019

 

Infographic: Europe EV sales breakup by OEM in 2019

 

 

Tesla Model 3 is now the best-seller in US and Europe, followed by Renault ZOE.BMW i3, 2 Series and 5 Series PHEV are also among the top-selling EVs in Europe.

ELECTRIC VAN MARKET IN EUROPE

The access restriction by major European cities like London, Madrid to allow only plug-in vehicles to ply in city centers is a major growth driver for electric van market.

Most of the electric vans will be available with two battery sizes (50-55/70-80 kWh) and are expected to deliver range of  200 and 300 kilometers respectively as per the new WLTP cycle.

In UK, which accounts for 15% of Europe van market, sales of electric vans grew to ~3,200 units in 2019, just 1% of the total light van market. The top selling electric vans were Nissan NV200, Renault Kangoo (including  Kangoo Maxi), Peugeot Partner and LDV V80.

 

UPCOMING ELECTRIC VANS IN EUROPE

Sl  no OEM BEV/PHEV Deliveries to begin
1 LEVC(Geely) PHEV 2021
2 Ford BEV 2021
3 PSA BEV 2020
4 Volkswagen BEV 2022
5 Mercedes BEV 2020
6 Toyota BEV 2020
7 Fiat BEV 2020

 

ELECTRIC VEHICLE CHARGING INFRASTRUCTURE IN EUROPE

  1. Netherlands(26%), Germany(19%), France(17% and the UK(13%) – account for 75% of all  public EV charging points in the EU as of Jan 2020.
  2. About 6,500 DC Fast chargers are operational as of Jan 2020. Tesla has more than 70% market share and more than 52% of them are in just 4 countries i.e. Norway(15%), France(13%), Germany(12%) and UK(11%). To know more about DC fast charger market, read our report

 

 

COMPETITIVE LANDSCAPE

Tesla and BMW are the top 2 players in the Europe electric vehicle market, cumulatively accounting for 34% market share. Tesla sells only BEVs whereas BMW`s lineup is completey comprised of PHEVs except BMW i3. Renault- Nissan- Mitsubishi alliance have 3 best-sellers i.e. Renault ZOE, Mitsubishi Outlander PHEV, Nissan Leaf cumulatively accounting for 22% market share.

VW brand which has 12% market share of new car sales in Europe is so far lagging behind in EV development, but it has recieved good response to its upcoming ID3 all-electric hatchback.

Unlike China, where more than 400 EV startups are functional due to conducive  government incentives and policies( till H2 2019), Europe is home to less than 5 EV startups.

 

 

COMPANY PROFILES

ELECTRIC CAR MANUFACTURERS

  1. VW Group
  2. BMW Group
  3. Tesla Motors
  4. PSA Group
  5. Renault-Nissan-Mitsubishi Alliance
  6. Hyundai- KIA Motors
  7. Sono Motors
  8. StreetScooter GmbH

 

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. Upcoming vehicles, by OEM, by vehicle type and by EV type (2020-2025)
  2. EV sales, by top 10 countries and state-wise legislation
  3. EV powertrain manufacturing activity in Europe
  4. Opportunity for traction motor , motor controller, on-board charger and Inverter manufacturers
  5. On-going developments in Electric commercial vehicle market, vehicles in pipeline and estimated sales volume
  6. OE-supplier alignment for battery, On-board charger and DC-DC Converter
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