European Electric Vehicles Market Size and Key Insights
- The European electric vehicles (EV) market growth is attributed to stricter emission regulations by governments, increasing fuel prices, growing consumer awareness and environmental concerns. Government subsidies and incentives for EV purchases and expanding charging infrastructure are key contributors to EV adoption.
- There are also investments by European automakers in EV development and production. A growing availability of EV models across various segments is also contributing to market growth.
- In 2023, over 3 million electric vehicles were sold in Europe, a 2.4% sales increase from 2022.
3 million+ EVs sold across Europe in 2023
- Europe’s EV market is projected to reach 61.4 million units by 2030, with a CAGR of 4.7% between 2023 and 2030.
European Electric Vehicles Market Sales 2023-30
Key Insights on the European EV Market
EV Charging Infrastructure Service Overview
The research presented in this article is from PTR's EV Charging Infrastructure market research. For information about this service please submit a request shown below.
Europe: +49-89-12250950
Americas: +1 408-604-0522
Japan: +81-80-7808-1378
GCC/Rest of APAC: +971-58-1602441
More About our: EV Charging Infrastructure Market Research
Recent Insights
COP28: Balancing Hope and Skepticism in Climate Talks
The Conference of the Parties (COP) is the primary decision-making body of the United Nations Framework Convention on Climate Change (UNFCCC). This annual gathering of member states focuses on addressing global climate change. In the lead up to COP28, amid the rising...
TenneT’s 2 GW Program to Energize Dutch-German North Sea
• Europe is pushing to become the world’s very first climate-neutral continent by 2050, which is in line with the international commitments made by them.• Under the 2 GW Program, TenneT will build at least 14 HVDC offshore grid connection systems with a transmission...
Carbon Capture, Storage and Utilization: Transforming Emissions into Solutions
• CCUS technologies involve capturing CO2 emissions from industrial processes, utilizing it in various ways, and storing it permanently underground.• CCUS provides a cost-effective way to reduce GHG emissions from industrial processes, thereby contributing to the...
North American HVDC Market (2017-2021)
The HVDC market has gained a lot traction due to the expansion of renewable energy resources across the globe. In the last decade, a significant growth in onshore renewables has been witnessed in North America. To evacuate this energy from generation centres, HVDC has...
Net-Zero Commitments Encouraging Growth in Carbon dioxide Removal Technologies
Carbon removal may be achieved through nature-based methods or by employing certain technologies, such as CCS and DAC. The drive to net-zero has resulted in enhanced interest and investment in CCUS. Carbon removal technologies should act as supplements, not...
Fragile Balance: Designing Carbon Pricing Mechanisms to Nudge the World to Carbon-Neutrality
Carbon pricing is an increasingly popular mechanism that tackles climate change, by employing market forces to incentivize individuals and companies to transition to clean energy. The primary objective of carbon pricing is to change behavior. This report explores two...
Technological Overview of Global HVDC Market Till 2020
• High voltage direct current (HVDC) power transmission systems across the globe rely on DC (direct current) for the transmission of bulk power over long distances. • HVDC systems are usually installed in three different configurations; namely: asymmetric monopole,...