Europe Electric Vehicle Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The Europe Electric Vehicle Market is segmented by Vehicle Type ( Commercial Vehicles ) , by Fuel Type ( 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 )

Europe Electric Vehicle Industry Overview

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type: Commercial Vehicles
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country: Germany
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 6.52 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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Europe Electric Vehicle Market Analysis

The Europe Electric Vehicle Market is projected to register a CAGR of 6.52%

  • Largest Segment by Fuel Type - BEV : In Europe, PHEV have witnessed the highest growth in the market studied. Advanced technology, better fuel efficiency, and no range issues are driving the growth of this fuel type in the market.
  • Largest Segment by Vehicle Type - Commercial Vehicles : Due to the growing demand for passenger vehicles and the scarcity of alternative electric vehicle types in Europe, the passenger vehicle segment accounts for the majority of EV sales.
  • Fastest-growing Segment by Fuel Type - HEV : Better fuel efficiency, and no range anxiety issues with a combination of traditional fuel and battery-powered engines are making PHEV the fastest-growing segment in electric vehicle sales in Europe.
  • Largest Country - Germany : Germany has witnessed the highest sales in the electric vehicle market in Europe. The stringent government norms, and incentives are aided to the growth of electric mobility in the country

Europe Electric Vehicle Industry Segments

Commercial Vehicles are covered as segments by Vehicle Type. BEV, FCEV, HEV, PHEV are covered as segments by Fuel Type. 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
Buses
Heavy-duty Commercial Trucks
Light Commercial Vans
Medium-duty Commercial Trucks
Fuel Type
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

Report scope can be customized per your requirements. Click here.

Europe Electric Vehicle Market Trends

This section covers the major market trends shaping the Europe Electric Vehicle Market according to our research experts:

Commercial Vehicles is the largest segment by Vehicle Type.

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Germany is the largest segment by Country.

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Europe Electric Vehicle Market Competitor Analysis

The Europe Electric Vehicle Market is fragmented, with the top five companies occupying 37.30%. The major players in this market are Audi AG, BMW AG, Renault Group, Tesla Inc. and Volkswagen AG (sorted alphabetically).

Europe Electric Vehicle Market Top Players

  1. Audi AG

  2. BMW AG

  3. Renault Group

  4. Tesla Inc.

  5. Volkswagen AG

*Disclaimer: Major Players sorted in no particular order

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Europe Electric Vehicle Market Recent Developments

  • July 2022: Ford has announced a series of initiatives for sourcing battery capacity and raw materials that helps reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026.
  • June 2022: The United Arab Emirates’ Ministry of Energy and Infrastructure (MoEI), Audi Middle East, and Siemens signed an agreement to cooperate on boosting electric vehicle (EV) charging capacity on federal roads and increasing adoption of EVs across the country.
  • May 2022: Hyundai has launched a new fully electric SUV Ioniq 5 in the UAE market. The company has unveiled the product in the Abudhabi national exhibition center.

Europe Electric Vehicle Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study​

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. Population

    2. 4.2. GDP

    3. 4.3. CVP

    4. 4.4. Inflation Rate

    5. 4.5. Interest Rate For Auto Loans

    6. 4.6. Battery Price (per Kwh)

    7. 4.7. Logistics Performance Index

    8. 4.8. Electrification Impact

    9. 4.9. New XEV Models Announced

    10. 4.10. Charging Stations Deployment

    11. 4.11. Regulatory Framework

    12. 4.12. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. Vehicle Type

      1. 5.1.1. Commercial Vehicles

        1. 5.1.1.1. Buses

        2. 5.1.1.2. Heavy-duty Commercial Trucks

        3. 5.1.1.3. Light Commercial Vans

        4. 5.1.1.4. Medium-duty Commercial Trucks

    2. 5.2. Fuel Type

      1. 5.2.1. BEV

      2. 5.2.2. FCEV

      3. 5.2.3. HEV

      4. 5.2.4. PHEV

    3. 5.3. Country

      1. 5.3.1. Austria

      2. 5.3.2. Belgium

      3. 5.3.3. Czech Republic

      4. 5.3.4. Denmark

      5. 5.3.5. Estonia

      6. 5.3.6. France

      7. 5.3.7. Germany

      8. 5.3.8. Ireland

      9. 5.3.9. Italy

      10. 5.3.10. Latvia

      11. 5.3.11. Lithuania

      12. 5.3.12. Norway

      13. 5.3.13. Poland

      14. 5.3.14. Russia

      15. 5.3.15. Spain

      16. 5.3.16. Sweden

      17. 5.3.17. UK

      18. 5.3.18. Rest-of-Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. AB Volvo

      2. 6.4.2. Audi AG

      3. 6.4.3. BMW AG

      4. 6.4.4. Fiat

      5. 6.4.5. Ford Motor Company

      6. 6.4.6. Hyundai Motor Company

      7. 6.4.7. Kia

      8. 6.4.8. Nissan Motor Company Ltd

      9. 6.4.9. Renault Group

      10. 6.4.10. Tesla Inc.

      11. 6.4.11. Volkswagen AG

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1. Global Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter’s Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (DROs)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

    Figure 1:  

    EUROPE ELECTRIC VEHICLE MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 2:  

    EUROPE ELECTRIC VEHICLE MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 3:  

    EUROPE ELECTRIC VEHICLE MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 4:  

    EUROPE ELECTRIC VEHICLE MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 5:  

    EUROPE ELECTRIC VEHICLE MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 6:  

    EUROPE ELECTRIC VEHICLE MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 7:  

    EUROPE ELECTRIC VEHICLE MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 8:  

    EUROPE ELECTRIC VEHICLE MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 9:  

    EUROPE ELECTRIC VEHICLE MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026

    Figure 10:  

    EUROPE ELECTRIC VEHICLE MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026

    Figure 11:  

    EUROPE ELECTRIC VEHICLE MARKET, VOLUME IN UNITS, 2016 – 2026

    Figure 12:  

    EUROPE ELECTRIC VEHICLE MARKET, VALUE IN USD, 2016 – 2026

    Figure 13:  

    EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 14:  

    EUROPE ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, BY VALUE IN USD, 2016-2028

    Figure 15:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028

    Figure 16:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028

    Figure 17:  

    EUROPE ELECTRIC VEHICLE MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 18:  

    EUROPE ELECTRIC VEHICLE MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028

    Figure 19:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028

    Figure 20:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028

    Figure 21:  

    EUROPE ELECTRIC VEHICLE MARKET, BY BUSES, BY VOLUME IN UNITS, 2016-2028

    Figure 22:  

    EUROPE ELECTRIC VEHICLE MARKET, BY BUSES, BY VALUE IN USD, 2016-2028

    Figure 23:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 24:  

    EUROPE ELECTRIC VEHICLE MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028

    Figure 25:  

    EUROPE ELECTRIC VEHICLE MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028

    Figure 26:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 27:  

    EUROPE ELECTRIC VEHICLE MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2016-2028

    Figure 28:  

    EUROPE ELECTRIC VEHICLE MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2016-2028

    Figure 29:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 30:  

    EUROPE ELECTRIC VEHICLE MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028

    Figure 31:  

    EUROPE ELECTRIC VEHICLE MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028

    Figure 32:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028

    Figure 33:  

    EUROPE ELECTRIC VEHICLE MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 34:  

    EUROPE ELECTRIC VEHICLE MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028

    Figure 35:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 36:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 37:  

    EUROPE ELECTRIC VEHICLE MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028

    Figure 38:  

    EUROPE ELECTRIC VEHICLE MARKET, BY BEV, BY VALUE IN USD, 2016-2028

    Figure 39:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 40:  

    EUROPE ELECTRIC VEHICLE MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028

    Figure 41:  

    EUROPE ELECTRIC VEHICLE MARKET, BY FCEV, BY VALUE IN USD, 2016-2028

    Figure 42:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 43:  

    EUROPE ELECTRIC VEHICLE MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028

    Figure 44:  

    EUROPE ELECTRIC VEHICLE MARKET, BY HEV, BY VALUE IN USD, 2016-2028

    Figure 45:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 46:  

    EUROPE ELECTRIC VEHICLE MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028

    Figure 47:  

    EUROPE ELECTRIC VEHICLE MARKET, BY PHEV, BY VALUE IN USD, 2016-2028

    Figure 48:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 49:  

    EUROPE ELECTRIC VEHICLE MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 50:  

    EUROPE ELECTRIC VEHICLE MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 51:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 52:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 53:  

    EUROPE ELECTRIC VEHICLE MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028

    Figure 54:  

    EUROPE ELECTRIC VEHICLE MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028

    Figure 55:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 56:  

    EUROPE ELECTRIC VEHICLE MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028

    Figure 57:  

    EUROPE ELECTRIC VEHICLE MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028

    Figure 58:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 59:  

    EUROPE ELECTRIC VEHICLE MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028

    Figure 60:  

    EUROPE ELECTRIC VEHICLE MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028

    Figure 61:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 62:  

    EUROPE ELECTRIC VEHICLE MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028

    Figure 63:  

    EUROPE ELECTRIC VEHICLE MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028

    Figure 64:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 65:  

    EUROPE ELECTRIC VEHICLE MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028

    Figure 66:  

    EUROPE ELECTRIC VEHICLE MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028

    Figure 67:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 68:  

    EUROPE ELECTRIC VEHICLE MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028

    Figure 69:  

    EUROPE ELECTRIC VEHICLE MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028

    Figure 70:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 71:  

    EUROPE ELECTRIC VEHICLE MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028

    Figure 72:  

    EUROPE ELECTRIC VEHICLE MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028

    Figure 73:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 74:  

    EUROPE ELECTRIC VEHICLE MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028

    Figure 75:  

    EUROPE ELECTRIC VEHICLE MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028

    Figure 76:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 77:  

    EUROPE ELECTRIC VEHICLE MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028

    Figure 78:  

    EUROPE ELECTRIC VEHICLE MARKET, BY ITALY, BY VALUE IN USD, 2016-2028

    Figure 79:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 80:  

    EUROPE ELECTRIC VEHICLE MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028

    Figure 81:  

    EUROPE ELECTRIC VEHICLE MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028

    Figure 82:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 83:  

    EUROPE ELECTRIC VEHICLE MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028

    Figure 84:  

    EUROPE ELECTRIC VEHICLE MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028

    Figure 85:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 86:  

    EUROPE ELECTRIC VEHICLE MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028

    Figure 87:  

    EUROPE ELECTRIC VEHICLE MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028

    Figure 88:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 89:  

    EUROPE ELECTRIC VEHICLE MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028

    Figure 90:  

    EUROPE ELECTRIC VEHICLE MARKET, BY POLAND, BY VALUE IN USD, 2016-2028

    Figure 91:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 92:  

    EUROPE ELECTRIC VEHICLE MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028

    Figure 93:  

    EUROPE ELECTRIC VEHICLE MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028

    Figure 94:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 95:  

    EUROPE ELECTRIC VEHICLE MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028

    Figure 96:  

    EUROPE ELECTRIC VEHICLE MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028

    Figure 97:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 98:  

    EUROPE ELECTRIC VEHICLE MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028

    Figure 99:  

    EUROPE ELECTRIC VEHICLE MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028

    Figure 100:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 101:  

    EUROPE ELECTRIC VEHICLE MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028

    Figure 102:  

    EUROPE ELECTRIC VEHICLE MARKET, BY UK, BY VALUE IN USD, 2016-2028

    Figure 103:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 104:  

    EUROPE ELECTRIC VEHICLE MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028

    Figure 105:  

    EUROPE ELECTRIC VEHICLE MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028

    Figure 106:  

    EUROPE ELECTRIC VEHICLE MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028

    Figure 107:  

    EUROPE ELECTRIC VEHICLE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 108:  

    EUROPE ELECTRIC VEHICLE MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 109:  

    EUROPE ELECTRIC VEHICLE MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • Body Type - It includes buses, light commercial vehicles, medium& heavy-duty vehicles, medium and heavy-duty buses, trucks, M&HDT.
  • Engine Type - Hybrid and electric vehicles are vehicles that run on batteries and use one or more electric motors for propulsion. .
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV.
  • Sub Body Type - Under this category, buses, heavy-duty commercial trucks, light commercial pickup trucks, light commercial vans, and medium-duty commercial trucks have been included.
  • Vehicle Type - It includes passenger vehicles, commercial vehicles, and two wheelers.

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

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

  • Step-1: Identify Key Variables: In order 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 on the basis of 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. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • 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

For any queries related to research methodology, click here to schedule a call with our analysts.

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Europe Electric Vehicle Market Research FAQs

The Europe Electric Vehicle Market is studied from 2016 - 2028.

The Europe Electric Vehicle Market is growing at a CAGR of 6.52% over the next 5 years.

Commercial Vehicles is growing at the highest CAGR over 2016 - 2028.

Germany holds highest share in 2021.

Audi AG, BMW AG, Renault Group, Tesla Inc., Volkswagen AG are the major companies operating in Europe Electric Vehicle Market.

Europe Electric Vehicle Industry Reports

In-depth industry statistics and market share insights of the Europe Electric Vehicle sector for 2020, 2021, and 2022. The Europe Electric Vehicle research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Europe Electric Vehicle report PDF.