Europe Electric Vehicle Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Europe Electric Vehicle Market is segmented by Vehicle Type (Commercial Vehicles, Passenger Vehicles, Two-Wheelers), by Fuel Category (BEV, FCEV, HEV, PHEV) and by Country (Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Latvia, Lithuania, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Europe Electric Vehicle Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

Europe Electric Vehicle Market Size

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Europe Electric Vehicle Market Summary
Study Period 2017 - 2029
Base Year For Estimation 2024
Forecast Data Period 2025 - 2029
Market Size (2025) USD 319 Billion
Market Size (2029) USD 636.6 Billion
CAGR (2025 - 2029) 18.85 %
Market Concentration Medium

Major Players

Europe Electric Vehicle Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Electric Vehicle Market Analysis

The Europe Electric Vehicle Market size is estimated at 319 billion USD in 2025, and is expected to reach 636.6 billion USD by 2029, growing at a CAGR of 18.85% during the forecast period (2025-2029).

The European electric vehicle landscape is undergoing a transformative shift, characterized by unprecedented technological advancement and industrial collaboration. Major automotive manufacturers are strategically repositioning themselves through substantial investments and facility expansions to capture the growing electric vehicle market opportunity. A notable example is Ford's announcement in 2023 to invest USD 11.4 billion in a new manufacturing plant in Valencia, Spain, demonstrating the industry's commitment to localizing EV production. This industrial transformation is further evidenced by the increasing number of traditional automakers establishing dedicated EV production facilities across the continent, fostering job creation and economic growth in various regions.


The market's evolution is particularly evident in the commercial vehicle sector, where innovative partnerships are reshaping the industry landscape. Strategic collaborations between automotive manufacturers and technology providers are accelerating the development of advanced electric powertrains and autonomous driving capabilities. The partnership between Hyundai Motor Company and H2 Energy exemplifies this trend, with their joint venture Hyundai Hydrogen Mobility setting an ambitious target to deploy 1,600 fuel-cell electric heavy-duty trucks by 2025. These collaborations are not only driving technological innovation but also creating new business models that could potentially revolutionize the commercial transportation sector.


Consumer adoption of electric vehicles has reached a significant milestone, with fully electric vehicles accounting for 8.3% of all newly registered cars across Europe in 2023. This shift in consumer preference is being actively supported by comprehensive government initiatives, including substantial financial incentives. For instance, in 2023, new battery electric car purchases became eligible for subsidies of EUR 2,950, while used electric vehicles qualified for EUR 2,000 in support, subject to vehicle price restrictions between EUR 12,000 and EUR 45,000. These incentives are proving instrumental in making electric vehicles more accessible to a broader consumer base.


The industry is witnessing a notable diversification in market participants, with new entrants challenging established players through innovative product offerings and business strategies. Chinese manufacturers are making significant inroads into the European market, bringing competitive pricing strategies and advanced technology solutions. This increased competition is driving innovation across the industry, from vehicle design and battery technology to manufacturing processes and customer service models. The entry of these new players is not only expanding consumer choice but also accelerating the overall pace of industry transformation, pushing traditional manufacturers to accelerate their electrification strategies and improve their value propositions. The electric vehicle sales in Europe are a testament to this dynamic evolution, reflecting a growing market share of EV across the continent.

Segment Analysis: Vehicle Type

Passenger Vehicles Segment in Europe Electric Vehicle Market

The passenger vehicles segment dominates the European electric vehicle market, accounting for approximately 95% of the market share in 2024. This commanding position is driven by strong consumer adoption across various sub-segments, including SUVs, sedans, hatchbacks, and multi-purpose vehicles. The segment's growth is primarily fueled by extensive government incentives, expanding charging infrastructure, and increasing model availability from major automakers. European automakers like Volkswagen, BMW, and Mercedes-Benz have significantly expanded their electric passenger vehicle portfolios, offering consumers a wide range of options across different price points and vehicle categories. The segment's dominance is further reinforced by stringent emission regulations in major European markets, pushing both manufacturers and consumers toward electric mobility solutions.

Market Analysis of Europe Electric Vehicle Market: Chart for Vehicle Type

Two-Wheelers Segment in Europe Electric Vehicle Market

The two-wheelers segment is emerging as the fastest-growing category in the European electric vehicle market, projected to expand at approximately 25% annually from 2024 to 2029. This remarkable growth is driven by increasing urban mobility needs, rising environmental consciousness, and supportive government policies promoting sustainable transportation solutions. Major cities across Europe are implementing favorable regulations for electric two-wheelers, including dedicated parking spaces, access to restricted traffic zones, and charging infrastructure development. The segment is witnessing significant innovation in terms of battery technology, range improvements, and smart connectivity features, making electric two-wheelers increasingly attractive to urban commuters and delivery services. Manufacturers are introducing various models ranging from electric scooters to high-performance motorcycles, catering to different consumer preferences and use cases.

Commercial Vehicles Segment in Europe Electric Vehicle Market

The commercial vehicles segment represents a crucial component of Europe's electric vehicle market, driven by increasing demand for sustainable logistics and transportation solutions. This segment encompasses a wide range of vehicles, from light commercial vans to heavy-duty trucks, serving various business needs across the continent. The transition to electric commercial vehicles is being accelerated by urban emission regulations, corporate sustainability goals, and the growing focus on reducing operational costs in the logistics sector. Major commercial vehicle manufacturers are investing heavily in electric powertrains, with several new models being introduced to meet the specific requirements of different commercial applications. The segment is particularly significant in urban delivery and municipal services, where predictable routes and regular charging schedules make electric vehicles an increasingly viable option.

Segment Analysis: Fuel Category

BEV Segment in Europe Electric Vehicle Market

Battery Electric Vehicles (BEVs) have emerged as the dominant force in Europe's electric vehicle landscape, commanding approximately 48% of the market share in 2024. This leadership position can be attributed to several key factors, including substantial government incentives across European nations, rapidly expanding charging infrastructure, and increasing consumer confidence in all-electric mobility solutions. Major automotive manufacturers like Volkswagen, Tesla, and Stellantis have significantly expanded their BEV portfolios, offering vehicles across various price points and segments. The segment's growth is further supported by technological advancements in battery technology, resulting in improved range capabilities and faster charging times, addressing key consumer concerns. Additionally, the declining battery costs and increasing energy density have made BEVs more accessible and practical for everyday use, while stricter emission regulations and urban access restrictions have accelerated their adoption in major European cities.

FCEV Segment in Europe Electric Vehicle Market

The Fuel Cell Electric Vehicle (FCEV) segment is emerging as the fastest-growing category in Europe's electric vehicle market, with projections indicating an impressive growth rate of approximately 31% from 2024 to 2029. This remarkable growth trajectory is driven by significant investments in hydrogen infrastructure development across major European countries, particularly in Germany, France, and the Netherlands. The segment's expansion is further supported by increasing commercial applications, especially in heavy-duty transport and long-haul logistics, where FCEVs offer advantages in terms of range and refueling time compared to battery-electric alternatives. Major automotive manufacturers and energy companies are forming strategic partnerships to accelerate FCEV technology development and deployment, while government initiatives supporting hydrogen mobility are creating a favorable environment for market growth. The segment is also benefiting from advancements in fuel cell technology, resulting in improved efficiency and reduced production costs.

Remaining Segments in Fuel Category

The remaining segments in Europe's electric vehicle market consist of Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PHEVs), both playing crucial roles in the transition towards sustainable mobility. HEVs continue to serve as an important bridge technology, offering consumers a familiar driving experience while delivering improved fuel efficiency and reduced emissions. PHEVs, combining the benefits of both electric and conventional powertrains, are particularly popular in regions with developing charging infrastructure. These segments are supported by a wide range of vehicle options from established manufacturers, catering to diverse consumer preferences and use cases. Both technologies continue to evolve with improvements in battery technology, powertrain efficiency, and overall vehicle performance, while maintaining their appeal to consumers who seek flexibility in their mobility solutions.

Europe Electric Vehicle Market Geography Segment Analysis

Europe Electric Vehicle Market in Germany

Germany continues to dominate the European Electric Vehicle Market, commanding approximately 28% of the total market share in 2024. The country's leadership position is reinforced by its robust automotive manufacturing infrastructure and comprehensive government support for electric mobility. The German government's implementation of the Charging Infrastructure Master Plan II, backed by a substantial EUR 6.3 billion investment, demonstrates its commitment to expanding the nationwide charging network to 1 million stations by 2030. Major automakers, including Volkswagen Group, BMW, and Mercedes-Benz, are accelerating their electric vehicle production in Germany, introducing innovative models across various segments. The country's strong focus on research and development in battery technology and autonomous driving capabilities further strengthens its position as a pioneer in electric mobility. Additionally, the establishment of numerous battery production facilities and the development of a comprehensive supply chain ecosystem within Germany ensures sustained growth in the electric vehicle sector.

Europe Electric Vehicle Market in Poland

Poland emerges as the fastest-growing electric vehicle market in Europe, with a projected growth rate of approximately 20% from 2024 to 2029. The country's remarkable expansion is driven by a combination of favorable government policies and increasing consumer awareness about environmental sustainability. The Polish government's comprehensive "Electromobility Development Plan" has created a conducive environment for electric vehicle adoption through targeted incentives and infrastructure development initiatives. The country's strategic geographical location and strong manufacturing base have attracted significant investments from major automotive manufacturers and battery producers. Local authorities are actively promoting the transition to electric mobility by implementing low-emission zones in major cities and developing charging infrastructure along key transportation corridors. Furthermore, Poland's growing middle class and increasing environmental consciousness among consumers are driving the demand for electric vehicles across various segments, from compact cars to luxury vehicles.

Europe Electric Vehicle Market in United Kingdom

The United Kingdom maintains its position as a key player in the European EV market, driven by comprehensive government initiatives and strong consumer adoption. The UK's commitment to phasing out internal combustion engine vehicles has catalyzed significant investments in electric vehicle manufacturing and charging infrastructure. The country's automotive industry is undergoing a transformative phase, with traditional manufacturers retooling their facilities for electric vehicle production and new entrants establishing manufacturing bases. Local authorities across the UK are implementing various initiatives to promote electric vehicle adoption, including the expansion of Clean Air Zones and the development of smart charging solutions. The collaboration between government agencies, private sector players, and research institutions has created a robust ecosystem for electric vehicle innovation. Additionally, the UK's focus on developing domestic battery manufacturing capabilities and securing supply chains strengthens its position in the European electric vehicle market.

Europe Electric Vehicle Market in France

France continues to demonstrate strong momentum in electric vehicle adoption, supported by robust government incentives and a well-developed charging infrastructure network. The country's automotive industry is undergoing a significant transformation, with domestic manufacturers like Renault and Stellantis leading the charge in electric vehicle innovation and production. French cities are at the forefront of implementing sustainable mobility solutions, with Paris and other major urban centers expanding their low-emission zones and charging networks. The country's emphasis on developing a circular economy for electric vehicle batteries and components sets it apart in the European EV market. Local authorities are actively promoting electric mobility through various initiatives, including preferential parking for electric vehicles and the development of smart charging solutions. France's strong focus on renewable energy integration with electric mobility creates a comprehensive ecosystem for sustainable transportation.

Europe Electric Vehicle Market in Other Countries

The electric vehicle market across other European countries demonstrates diverse growth patterns influenced by local policies and market dynamics. Countries like Spain, Italy, and the Netherlands are making significant strides in electric vehicle adoption through targeted incentives and infrastructure development. The Nordic region, including Norway, Sweden, and Denmark, continues to lead in electric vehicle penetration rates, supported by comprehensive government support and well-developed charging networks. Eastern European countries such as the Czech Republic, Hungary, and Romania are emerging as important markets, attracting investments in manufacturing facilities and charging infrastructure. The Baltic states - Estonia, Latvia, and Lithuania - are developing their electric mobility ecosystems through innovative policies and digital solutions. Meanwhile, countries like Austria, Belgium, and Switzerland are leveraging their strategic locations and strong economies to accelerate electric vehicle adoption. This diverse landscape of markets contributes to the overall robustness of Europe's EV market.

Europe Electric Vehicle Industry Overview

Top Companies in Europe Electric Vehicle Market

The European electric vehicle market is characterized by intense competition among established automotive giants and innovative new entrants. Companies are heavily investing in research and development to enhance battery technology, improve charging capabilities, and extend vehicle range while simultaneously expanding their manufacturing footprint across the continent. Strategic partnerships and collaborations have become increasingly common, particularly in areas like battery production and charging infrastructure development. Market leaders are focusing on introducing diverse product portfolios spanning various vehicle segments, from compact cars to luxury SUVs, to cater to different consumer preferences. Operational agility is demonstrated through flexible manufacturing systems that can adapt to changing demand patterns and market conditions. Companies are also emphasizing sustainable production practices and localization of supply chains to reduce dependencies and improve operational efficiency.

Market Dominated by Global Automotive Conglomerates

The European electric vehicle market exhibits a relatively consolidated structure dominated by established global automotive manufacturers who have successfully pivoted towards electrification. Traditional automotive giants like Volkswagen Group, BMW, and Mercedes-Benz have leveraged their extensive manufacturing capabilities, brand reputation, and distribution networks to maintain strong market positions. These companies benefit from their ability to achieve economies of scale, invest heavily in research and development, and maintain robust supplier relationships. The market also sees participation from specialized EV manufacturers who bring innovative technologies and business models, though their market share remains relatively smaller compared to established players.


The market has witnessed significant merger and acquisition activity, particularly focused on securing battery technology capabilities and strengthening vertical integration. Companies are actively acquiring or forming joint ventures with battery manufacturers, charging infrastructure providers, and software development firms to enhance their competitive positioning. Regional consolidation is also evident as companies seek to optimize their manufacturing footprint and distribution networks across Europe. The competitive landscape is further shaped by strategic alliances between automotive manufacturers, technology companies, and energy providers, creating an interconnected ecosystem that supports electric vehicle adoption.

Innovation and Infrastructure Drive Future Success

Success in the European electric vehicle market increasingly depends on companies' ability to innovate across multiple dimensions while maintaining cost competitiveness. Market leaders must continue investing in advanced battery technology, autonomous driving capabilities, and connected vehicle features while simultaneously optimizing their production processes to achieve price parity with conventional vehicles. Building strong relationships with battery suppliers and securing raw materials has become crucial for maintaining competitive advantage. Companies must also focus on developing comprehensive service ecosystems, including charging infrastructure, maintenance networks, and digital services, to enhance customer experience and build brand loyalty.


For new entrants and smaller players, success lies in identifying and exploiting specific market niches or technological advantages. This could involve focusing on particular vehicle segments, developing innovative charging solutions, or creating unique mobility services. Regulatory compliance, particularly regarding emissions standards and safety requirements, remains a critical success factor for all market participants. Companies must also prepare for potential shifts in consumer preferences and regulatory frameworks by maintaining flexible product development and manufacturing capabilities. Building strong relationships with local governments and participating in regional development initiatives can provide competitive advantages through preferential access to infrastructure development and incentive programs. Additionally, understanding electric vehicle market insights and Europe EV market share by company can guide strategic decisions and enhance competitive positioning.

Europe Electric Vehicle Market Leaders

  1. Bayerische Motoren Werke AG

  2. Groupe Renault

  3. Tesla Inc.

  4. Toyota Motor Corporation

  5. Volkswagen AG

  6. *Disclaimer: Major Players sorted in no particular order
Europe Electric Vehicle Market Concentration
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Europe Electric Vehicle Market News

  • September 2023: Volkswagen France created a fast-charging network under the "Electrify France" label, covering its distribution networks for Volkswagen Commercial Vehicles, Audi, SEAT, CUPRA, and Škoda brands.
  • September 2023: Renault unveiled the new longer version of the Kangoo line-up, the all-new Grand Kangoo, at the IAA Mobility in Munich.
  • September 2023: Volkswagen decided to reduce production at its Wolfsburg plant for three weeks starting September 11, 2023, due to a shortage of engine parts from Slovenia.

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For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.

Europe Electric Vehicle Market
Europe Electric Vehicle Market
Europe Electric Vehicle Market
Europe Electric Vehicle Market

Europe Electric Vehicle Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Population
  • 4.2 GDP Per Capita
  • 4.3 Consumer Spending For Vehicle Purchase (cvp)
  • 4.4 Inflation
  • 4.5 Interest Rate For Auto Loans
  • 4.6 Shared Rides
  • 4.7 Impact Of Electrification
  • 4.8 EV Charging Station
  • 4.9 Battery Pack Price
  • 4.10 New Xev Models Announced
  • 4.11 Used Car Sales
  • 4.12 Fuel Price
  • 4.13 Oem-wise Production Statistics
  • 4.14 Regulatory Framework
  • 4.15 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Vehicle Type
    • 5.1.1 Commercial Vehicles
    • 5.1.2 Passenger Vehicles
    • 5.1.2.1 Hatchback
    • 5.1.2.2 Multi-purpose Vehicle
    • 5.1.2.3 Sedan
    • 5.1.2.4 Sports Utility Vehicle
    • 5.1.3 Two-Wheelers
  • 5.2 Fuel Category
    • 5.2.1 BEV
    • 5.2.2 FCEV
    • 5.2.3 HEV
    • 5.2.4 PHEV
  • 5.3 Country
    • 5.3.1 Austria
    • 5.3.2 Belgium
    • 5.3.3 Czech Republic
    • 5.3.4 Denmark
    • 5.3.5 Estonia
    • 5.3.6 France
    • 5.3.7 Germany
    • 5.3.8 Ireland
    • 5.3.9 Italy
    • 5.3.10 Latvia
    • 5.3.11 Lithuania
    • 5.3.12 Norway
    • 5.3.13 Poland
    • 5.3.14 Russia
    • 5.3.15 Spain
    • 5.3.16 Sweden
    • 5.3.17 UK
    • 5.3.18 Rest-of-Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Audi AG
    • 6.4.2 Bayerische Motoren Werke AG
    • 6.4.3 Groupe Renault
    • 6.4.4 Hyundai Motor Company
    • 6.4.5 Kia Corporation
    • 6.4.6 Mercedes-Benz
    • 6.4.7 Tesla Inc.
    • 6.4.8 Toyota Motor Corporation
    • 6.4.9 Volkswagen AG
    • 6.4.10 Volvo Car AB
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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List of Tables & Figures

  1. Figure 1:  
  2. POPULATION TRENDS, VOLUME IN UNITS, EUROPE, 2017 - 2030
  1. Figure 2:  
  2. GDP PER CAPITA AT CURRENT PRICES, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 3:  
  2. AVERAGE CONSUMER SPENDING PER CAPITA ON PURCHASE OF VEHICLES, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 4:  
  2. INFLATION RATE AT AVERAGE CONSUMER PRICES, PERCENTAGE CHANGE, EUROPE, 2017 - 2030
  1. Figure 5:  
  2. AUTO LOAN INTEREST RATES, PERCENTAGE, EUROPE, 2017 - 2022
  1. Figure 6:  
  2. USED CAR MARKET, REVENUE IN USD, EUROPE, 2017 - 2030
  1. Figure 7:  
  2. ELECTRIC VEHICLE MARKET PENETRATION RATE, BY VEHICLE TYPE, PERCENTAGE OF VOLUME, EUROPE, 2017 - 2030
  1. Figure 8:  
  2. CHARGING STATION DEPLOYMENT, BY TYPE, VOLUME IN UNITS, EUROPE, 2017 - 2022
  1. Figure 9:  
  2. AVERAGE LITHIUM-ION BATTERY PACK PRICE, VALUE IN USD, EUROPE, 2017 - 2030
  1. Figure 10:  
  2. ANNOUNCEMENT OF NEW XEV MODELS, BY VEHICLE TYPE, VOLUME IN UNITS, EUROPE, 2023 - 2027
  1. Figure 11:  
  2. USED CAR MARKET, REVENUE IN USD, EUROPE, 2017 - 2030
  1. Figure 12:  
  2. FUEL PRICE, BY FUEL TYPE, USD/LITER, EUROPE, 2017 - 2022
  1. Figure 13:  
  2. EUROPE ELECTRIC VEHICLE MARKET, VOLUME IN UNITS, 2017 - 2030
  1. Figure 14:  
  2. EUROPE ELECTRIC VEHICLE MARKET, VALUE IN USD, 2017 - 2030
  1. Figure 15:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 16:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 17:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2017 - 2030
  1. Figure 18:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2017 - 2030
  1. Figure 19:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE BODY TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 20:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE BODY TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 21:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 22:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 23:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE BODY TYPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 24:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE BODY TYPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 25:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 26:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 27:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY HATCHBACK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 28:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY HATCHBACK, BY VALUE IN USD, 2017 - 2030
  1. Figure 29:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 30:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY MULTI-PURPOSE VEHICLE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 31:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY MULTI-PURPOSE VEHICLE, BY VALUE IN USD, 2017 - 2030
  1. Figure 32:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 33:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY SEDAN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 34:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY SEDAN, BY VALUE IN USD, 2017 - 2030
  1. Figure 35:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 36:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY SPORTS UTILITY VEHICLE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 37:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY SPORTS UTILITY VEHICLE, BY VALUE IN USD, 2017 - 2030
  1. Figure 38:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 39:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY TWO-WHEELERS, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 40:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY TWO-WHEELERS, BY VALUE IN USD, 2017 - 2030
  1. Figure 41:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 42:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
  1. Figure 43:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 44:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 45:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 46:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 47:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 48:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 49:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 50:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 51:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 52:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 53:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 54:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 55:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030
  1. Figure 56:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
  1. Figure 57:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 58:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
  1. Figure 59:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 60:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
  1. Figure 61:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 62:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY AUSTRIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 63:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 64:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 65:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY BELGIUM, BY VALUE IN USD, 2017 - 2030
  1. Figure 66:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 67:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 68:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2017 - 2030
  1. Figure 69:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 70:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY DENMARK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 71:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY DENMARK, BY VALUE IN USD, 2017 - 2030
  1. Figure 72:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 73:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 74:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY ESTONIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 75:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 76:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY FRANCE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 77:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY FRANCE, BY VALUE IN USD, 2017 - 2030
  1. Figure 78:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 79:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY GERMANY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 80:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY GERMANY, BY VALUE IN USD, 2017 - 2030
  1. Figure 81:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 82:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY IRELAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 83:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY IRELAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 84:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 85:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY ITALY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 86:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY ITALY, BY VALUE IN USD, 2017 - 2030
  1. Figure 87:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 88:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY LATVIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 89:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY LATVIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 90:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 91:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 92:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY LITHUANIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 93:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 94:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY NORWAY, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 95:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY NORWAY, BY VALUE IN USD, 2017 - 2030
  1. Figure 96:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 97:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY POLAND, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 98:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY POLAND, BY VALUE IN USD, 2017 - 2030
  1. Figure 99:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 100:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 101:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY RUSSIA, BY VALUE IN USD, 2017 - 2030
  1. Figure 102:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 103:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY SPAIN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 104:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY SPAIN, BY VALUE IN USD, 2017 - 2030
  1. Figure 105:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 106:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 107:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY SWEDEN, BY VALUE IN USD, 2017 - 2030
  1. Figure 108:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 109:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY UK, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 110:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY UK, BY VALUE IN USD, 2017 - 2030
  1. Figure 111:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 112:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2017 - 2030
  1. Figure 113:  
  2. EUROPE ELECTRIC VEHICLE MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2017 - 2030
  1. Figure 114:  
  2. EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE BODY TYPE, 2017 - 2030
  1. Figure 115:  
  2. EUROPE ELECTRIC VEHICLE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
  1. Figure 116:  
  2. EUROPE ELECTRIC VEHICLE MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
  1. Figure 117:  
  2. EUROPE ELECTRIC VEHICLE MARKET SHARE(%), BY MAJOR PLAYERS

Europe Electric Vehicle Industry Segmentation

Commercial Vehicles, Passenger Vehicles, Two-Wheelers are covered as segments by Vehicle Type. BEV, FCEV, HEV, PHEV are covered as segments by Fuel Category. Austria, Belgium, Czech Republic, Denmark, Estonia, France, Germany, Ireland, Italy, Latvia, Lithuania, Norway, Poland, Russia, Spain, Sweden, UK, Rest-of-Europe are covered as segments by Country.
Vehicle Type Commercial Vehicles
Passenger Vehicles Hatchback
Multi-purpose Vehicle
Sedan
Sports Utility Vehicle
Two-Wheelers
Fuel Category BEV
FCEV
HEV
PHEV
Country Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
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Market Definition

  • Vehicle Type - The category includes passenger cars, commercial vehicles, and two-wheelers.
  • Vehicle Body Type - TUnder Passenger Cars, the category includes Hatchbacks, Sedans, Sports Utility Vehicles, and Multi-purpose Vehicles; for Commercial Vehicles, it covers Light Commercial Pick-up Trucks, Light Commercial Vans, Medium-duty Commercial Trucks, Heavy-duty Commercial Trucks, and Medium and Heavy Duty Buses; and for Two-Wheelers, it encompasses Scooters and Motorcycles.
  • Fuel Category - The category exclusively covers electric propulsion systems, including various types such as HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles).
Keyword Definition
Electric Vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
BEV A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids.
Plug-in Hybrid EV A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally.
Internal combustion engine An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel.
Hybrid EV A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking.
Commercial Vehicles Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV).
Passenger Vehicles Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
Light Commercial Vehicles Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category.
M&HDT Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category.
Bus A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses.
Diesel It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed.
Gasoline It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug.
LPG It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study.
CNG It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines.
HEV All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices.
PHEV PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly.
Hatchback These are compact-sized cars with a hatch-type door provided at the rear end.
Sedan These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage.
SUV Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles.
MPV These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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Europe Electric Vehicle Market Research FAQs

How big is the Europe Electric Vehicle Market?

The Europe Electric Vehicle Market size is expected to reach USD 319.00 billion in 2025 and grow at a CAGR of 18.85% to reach USD 636.57 billion by 2029.

What is the current Europe Electric Vehicle Market size?

In 2025, the Europe Electric Vehicle Market size is expected to reach USD 319.00 billion.

Who are the key players in Europe Electric Vehicle Market?

Bayerische Motoren Werke AG, Groupe Renault, Tesla Inc., Toyota Motor Corporation and Volkswagen AG are the major companies operating in the Europe Electric Vehicle Market.

Which segment has the biggest share in the Europe Electric Vehicle Market?

In the Europe Electric Vehicle Market, the Passenger Vehicles segment accounts for the largest share by vehicle type.

Which country has the biggest share in the Europe Electric Vehicle Market?

In 2025, Germany accounts for the largest share by country in the Europe Electric Vehicle Market.

What years does this Europe Electric Vehicle Market cover, and what was the market size in 2025?

In 2025, the Europe Electric Vehicle Market size was estimated at 319.00 billion. The report covers the Europe Electric Vehicle Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Electric Vehicle Market size for years: 2025, 2026, 2027, 2028 and 2029.

Europe Electric Vehicle Market Research

Mordor Intelligence provides a comprehensive analysis of the European electric vehicle market. We leverage decades of consulting expertise in the electric vehicle industry. Our extensive research covers the entire spectrum of EVs across Europe. This includes a detailed analysis of electric cars and electric vans in key markets. The report offers crucial electric vehicle market insights across various segments. It examines trends in electric vehicle sales in Europe and analyzes propulsion types across different regions.

Stakeholders can access detailed electric vehicle market statistics through our easy-to-download report PDF format. The analysis encompasses electric commercial vehicles and emerging segments like electric motorcycles. It provides comprehensive coverage of electric vehicle Europe developments. Our research delivers valuable insights into electric car sales Europe trends, European EV adoption rates, and regional market dynamics across key countries, including Italy and other European nations. The report also examines electric vehicle powertrain technologies and testing services. It offers stakeholders actionable intelligence for strategic decision-making.

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