According to a new study reported by Business Green, EV sales in the European Union could double in 2022 and overtake gas by 2025. Electric vehicles are set to become the most in-demand option for European drivers within the next three years, with a rapid shift from the gas and diesel vehicles.
The study was carried out by low carbon energy consultants Element Energy, which surveyed 14,000 new car buyers throughout Europe. Upfront cost keeps to be the most important factor for to consumers when they’re looking for their next vehicle.
The number of battery electric vehicles (EVs or BEV) sold in the UK is likely to double in 2022, potentially taking a 15 per cent share of the total new car market by the end of the year.
With 141,405 units sold, Norway was the best performing market in Europe during 2020 with the sales only declining 0.7% compared to 2019 numbers. In 2021, Norway kept the lead with an overall new sales rise by 25% up to +170,000 cars where almost two out of three were fully electric.
EV sales in EU could double this year and overtake gas by 2025
EV Auto-makers continue to enter European Markets such as NIO, Polestar or the EV leader Tesla.
NIO reached recently the 200th vehicles sold in Norway, the first European Country that the Chinese EV maker enters before another 4 countries this year: Denmark, Sweden, Germany and The Netherlands.
Polestar increased its global presence from 10 to 19 markets in 2021, with growth in Europe and Asia Pacific. In the first half of 2022, Polestar plans to add Spain, Portugal and Ireland to its European market footprint, and enter the Middle East with presence in the UAE, Kuwait and Israel. By the end of 2023, Polestar aims to be operating in at least 30 global markets.
Tesla Model 3 was the second most sold car in United Kingdom during 2021. The American EV maker had an impressive month of December closing last year selling almost 10,000 units, more than the double of the second placed Mini Cooper Model. Mercedes Benz A Class and Volkswagen Polo and Golf Model were also among the favourites from the UK consumers.
Business Green said the study was commissioned by 45 producers, operators, transport users, and civil society organizations. The alliance assesses the rate of EV adoption, market conditions, and regulatory landscapes across European auto markets including the UK, France, the Netherlands, Italy, Spain, Germany, and Poland.