Europe Electric Car Market Overview by Type, Technology, Voltage, Geography, Growth and Demand Forecast, 2013-2025

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Europe electric car market is expected to grow in long term starting from a small base in 2016. Germany is the largest market for electric cars in Europe followed by Norway, the UK and France. Norway is the leading country in Europe as far as electric car penetration is concerned, with close to 30% of all cars sold being electric in the first half of 2017, followed by Iceland and Sweden.

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Stringent government regulations to curb pollution levels and reduce the dependence on expensive fossil fuel is driving the growth of electric car market in Europe. Netherland and Norway have banned the sales of fossil fuelled powered cars by 2025. Other countries such as Germany has also passed a resolution to ban the sales of conventional cars by 2030. Government regulations to support electric cars would continue to benefit the market over the forecast period.

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The development of electric car market would require significant funding from the existing manufacturers and OEMs to develop electric versions of their existing car models. Apart from this, additional electricity used for charging the car batteries would need to be compensated by generating more electricity from renewable energy sources.

Some of the major players in the European electric car market includes big international car manufacturing companies such as General Motors, Volvo, Nissan, Mercedes, Toyota.

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