Europe Electric Vehicle Market Share

Statistics for the 2023 & 2024 Europe Electric Vehicle market share, created by Mordor Intelligence™ Industry Reports. Europe Electric Vehicle share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of europe electric vehicle Industry

The European automotive electric vehicles market is moderately consolidated and highly competitive with the presence of players such as BMW Group, Daimler AG, and Volkswagen AG, amongst others. Companies are launching new models and investing in R&D projects to provide the best technology to electric vehicle customers. Along with that, governments are also actively reforming their laws to increase the adoption of electric vehicles.

In June 2023, Electra Commercial Vehicles secured funding from the European Horizon 2022 framework as part of the Escalate Project. The funding aims to support the development of a long-haul 40-tonne temperature-controlled drawbar battery electric vehicle. The truck will be built on an Electras eStar LEM27-350 chassis and will feature a drawbar trailer equipped with energy-efficient electrically powered refrigerated systems, high-performance insulated box bodies with tail lifts, and the latest technology in lightweight, low-profile solar panels to maximize its range.

In May 2023, Aston Martin announced a partnership with Bowers & Wilkins as its audio partner to provide a new surround sound system in its vehicles. The collaboration will focus on creating an optional surround sound system upgrade, emphasizing technical innovation and exceptional performance. Aston Martin plans to integrate Bowers & Wilkins audio systems into its future vehicles in the coming years.

Europe Electric Vehicle Market Leaders

  1. Audi AG

  2. BMW AG

  3. Renault Group

  4. Tesla Inc.

  5. Volkswagen AG

*Disclaimer: Major Players sorted in no particular order

Europe Electric Vehicle Market Concentration

Europe Electric Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)