Report Description

According to ConsTrack360, the electric vehicle market in the region is expected to grow by 27.2% on an annual basis to reach US$115.5 billion in 2023.

The medium to long term growth story of the electric vehicle market in Europe remains strong. Electric vehicle adoption is expected to grow steadily over the forecast period, recording a CAGR of 23.5% during 2023-2027. The electric vehicle market in the region will increase from US$90.8 billion in 2022 to reach US$268.8 billion by 2027.

The need to address the global climate crisis has resulted in rapid uptake of electric vehicles among Europeans over the last two years, and the trend is projected to further continue from the short to medium-term perspective. With the market poised for accelerated growth, several global players are eyeing market share in the electric vehicles industry in Europe. This includes the likes of BYD and Tesla.

Chinese EV makers, for instance, have been able to garner significant market share over the last 12 months. The rising dominance of Chinese brands in the European market is concerning authorities and regional players. Consequently, a crackdown is expected through policy measures like increasing the import duty from the short to medium-term perspective. Overall, ConsTrack360 expects the market to grow at a significant pace over the next three to four years.

European Commission is launching an anti-subsidy investigation into EVs coming from China

With Chinese electric vehicles gaining rapid traction in the European market, the European Commission is planning to launch an anti-subsidy investigation into EVs coming from China. This move is expected to have severe ramifications for global electric vehicle manufacturers from the short to medium-term perspective.

  • The Chinese dominance in the European market can be seen from the fact that MG Motor, once a British sports car brand now owned by a Chinese firm, had the second largest market share in Europe in H1 2023. Other players such as BYD and Nio are also gaining rapid strides in the European market in 2023 and the trend is poised to grow even further without EU intervention.
    If the investigation, from the European Union, leads to a conclusion that the Chinese brands have an unfair advantage, the officials can impose a higher import duty on Chinese electric vehicle makers, which currently stands at 10%. With many European brands having significant investments in China, the tussle can lead to serious ramifications, subsequently impacting the growth rate of the electric vehicles market in Europe and other regions of the world over the next three to four years.

    Nissan is planning to have a 100% all-electric product line-up in the European market by 2030

    With the sales of electric vehicles shooting up significantly in the region over the past five years, automakers like Nissan are planning to have an all-electric vehicle product line-up in the European market by 2030.
  • The firm, in September 2023, revealed that every new product launched in the European market, here on, will be electric. With this strategic move, Nissan is targeting eco-friendly buyers in the region. Nissan began its electrification efforts in 2022. The move will also help Nissan in achieving its targets of carbon neutrality by 2050. Under the Nissan Ambition 2030, the firm is expected to launch 27 electrified vehicles, which will also include the launch of 19 EVs by 2030.



Going forward, ConsTrack360 expects more automakers in the European Union to shift towards an all-electric product line-up, thereby aiding the growth of the market in the region over the next three to four years.

Europe is seeking EV battery manufacturers to reduce reliance on imports from Asia

To cut down the dependence on imports from Asia and to win the green subsidy race with the United States, Europe is looking to attract global electric vehicle battery manufacturers to its shores over the next few years. Some of the firms have also announced significant recently in the European market.

  • Northvolt, in May 2023, announced that the firm is planning to US$3.3 to US$5.5 billion in an electric vehicle battery plant in Germany, provided the subsidies are approved. Volkswagen, the German automaker, is also planning to build six battery factories in Europe. Alongside regional players, global firms are also investing in battery production facilities in Germany. CATL, the Chinese firm, is ramping up production at its plant in Germany.



Regional and global investment is also picking pace in several European countries like France, Spain, and Italy, among others. InoBat, the Slovakian battery manufacturer, revealed that the firm entered into an agreement with the Spanish government to set up an EV battery manufacturing facility in Spain, which is expected to cost 3 billion euros. Volkswagen, alongside its partners, also revealed that the firm will invest 10 billion euros to develop a 40GWh battery plant in Spain, which would begin production starting 2026. All of these investment and battery production projects are expected to further support the industry growth from the medium to long-term perspective in Europe.

This report provides a detailed data-centric analysis of the electric vehicle and charging infrastructure market, value and volume metrics covering market opportunities and risks across a range of industry categories. with over 75+ KPIs at the country level, this report provides a comprehensive understanding of electric vehicle market dynamics, market size and forecast, and charging infrastructure market statistics.

This report provides the overall vehicle market of the country by value and volume. Further, it breaks down electric and charging infrastructure market. Electric vehicle further breaks down market opportunity by type of vehicle driven, car segments, class of vehicles, propulsion type, distance range and by components.

The electric vehicle charging infrastructure provides market size data by number of charging stations, and number of charging points. It breaks down market opportunity by type of chargers, by location of charging points, by charging speed, by connection phase, by type of connectivity and by charger connectivity infrastructure.

ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.

This title from ConsTrack360 is a bundled offering, combining the following 11 reports (1067 tables and 1309 charts):

1. Europe Electric Vehicle Business and Investment Opportunities Databook
2. Belgium Electric Vehicle Business and Investment Opportunities Databook
3. Denmark Electric Vehicle Business and Investment Opportunities Databook
4. Finland Electric Vehicle Business and Investment Opportunities Databook
5. France Electric Vehicle Business and Investment Opportunities Databook
6. Germany Electric Vehicle Business and Investment Opportunities Databook
7. Italy Electric Vehicle Business and Investment Opportunities Databook
8. Netherlands Electric Vehicle Business and Investment Opportunities Databook
9. Spain Electric Vehicle Business and Investment Opportunities Databook
10. Switzerland Electric Vehicle Business and Investment Opportunities Databook
11. United Kingdom Electric Vehicle Business and Investment Opportunities Databook


Scope

This report provides in-depth data-centric analysis of Electric Vehicle and Charging Infrastructure Market in through 97 tables and 119 charts. Below is a summary of key market segments:

Overall Vehicle Market Size and Future Growth Dynamics

  • Market size by value
  • Market size by volume


    Electric Vehicle Market Size and Forecast
  • Market size by value
  • Market size by volume

    Electric Vehicle Market Volume By Drive Segment
  • Front Wheel Drive
  • Rear Wheel Drive
  • All-Wheel Drive

    Electric Vehicle Market Value and Volume By Car Segment
  • Passenger Car
  • Commercial Vehicle

    Electric Vehicle Market Value and Volume By Passenger Car Segment
  • Small Car
  • Medium Car
  • Crossover Car
  • Large Car
  • SUV

    Electric Vehicle Market Value and Volume By Commercial Vehicle Segment
  • Light Duty Vehicle (Class 1-Class 3)
  • Medium Duty Vehicle (Class 4-Class 6)
  • Heavy Duty Vehicle (Class 7-Class 8)

    Electric Vehicle Market Value By Vehicle Class
  • Low-Priced
  • Mid-Priced
  • Luxury Class

    Electric Vehicle Market Value By Powertrain
  • Parallel Hybrid
  • Series Hybrid
  • Combined Hybrid

    Electric Vehicle Market Value By Distance Range
  • Up to 150 Miles
  • 151-300 Miles
  • Above 300 Miles

    Electric Vehicle Market Value By Charging Type
  • Normal Charging
  • Super Charging

    Electric Vehicle Market Value By Propulsion Type
  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Fuel Cell Electric Vehicles (FCEVs)

    Electric Vehicle Market Value and Volume By Vehicle Type
  • Two Wheelers (e2W)
  • Three-Wheeler (e3W)
  • Four Wheelers (e4W)
  • Electric Buses

    Electric Vehicle Market Value By Cities
  • Tier 1 Cities
  • Tier 2 Cities
  • Tier 3 Cities

    Electric Vehicle Market Value By Components
  • Battery Cells & Packs
  • On-Board Charge
  • Motor
  • Reducer
  • Power Control Unit
  • Battery Management System
  • Fuel Processor
  • Power Conditioner
  • Air Compressor
  • Humidifier

    Electric Vehicle Infrastructure Market Value

    Electric Vehicle Infrastructure Market Volume
  • Number of Charging Points
  • Number of Charging Stations

    Electric Vehicle - Number of Charging Points By Charging Type
  • Level 1 – 240 (V)
  • Level 2 – 120 (V)
  • Direct Current (DC)

    Electric Vehicle - Number of Charging Stations By Charging Type
  • Level 1 – 240 (V)
  • Level 2 – 120 (V)
  • Direct Current (DC)

    Electric Vehicle - Number of Charging Points By Location
  • Residential and Destination
  • Streets
  • Workplaces
  • Flew depots

    Electric Vehicle - Number of Charging Points By Charging Speed
  • Slow
  • Fast
  • Rapid
  • Ultrarapid

    Electric Vehicle - Number of Charging Stations By Charging Speed
  • Slow
  • Fast
  • Rapid
  • Ultrarapid

    Electric Vehicle - Number of Charging Points By Vehicle
  • Passenger Cars
  • Buses
  • Trucks
  • Light Commercial Vehicles

    Electric Vehicle - Number of Charging Points By Connection Phase
  • Single Phase
  • Three Phase

    Electric Vehicle - Number of Charging Points By Infrastructure Type
  • CSS
  • CHAdeMO
  • GB/T
  • Other

    Electric Vehicle - Number of Charging Points By Connectivity
  • Smart Charging Station
  • Non-Connected Charging Station


    Reasons To Buy

    The report provides a comprehensive overview of the Europe electric vehicle market and infrastructure, covering the following key aspects:
  • Market size by value and volume: This report provides detailed market size and forecast data for electric vehicles in Europe, by value and volume. This data is essential for understanding the current and future potential of the market.
  • Detailed EV market opportunity: This report segments the electric vehicle market by drive segment, car segment, commercial vehicle segment, passenger car segment, commercial vehicle segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle type, and cities. This segmentation provides a granular view of the market and helps to identify key growth areas.
  • EV infrastructure: This report also provides a comprehensive overview of the Europe electric vehicle infrastructure market, including market size and forecast data, along with detailed market segmentation. This information is essential for businesses that are looking to invest in the Europe electric vehicle infrastructure market.
  • Assess risks: Granular segment level information helps in identifying new business opportunities and risks in the Europe electric vehicle and infrastructure market.