European EV Sales to Pierce 800,000 Mark by 2020

January 22, 2013 / No Comments

Electric and hybrid vehicle sales in Europe will touch a magic number of 827,000 by the end of this decade, says Pike Research, a part of Navigant’s Energy Practice. Although government support for Electric Vehicles (EVs) in Europe is declining, the increasing availability of vehicle charging infrastructure facilitates the market growth of EVs. This infrastructure enables vehicle to charge at home, workplace or in public places.

EV European EV Sales to Pierce 800,000 Mark by 2020

The research also suggests that, in the future, EVs including the electrically assisted hybrids will increase in European markets.

And, by the end of 2020 the number will grow from 0.7 percent to four percent. Well, you might think it is just a small part of the market but it represents more than 800,000 vehicles in the region.

According to research analyst David Alexander, European transportation market is different from other markets. The increasing fuel will push the sales of EVs in the European market.

It seems that customers are more interested in the EVs these days. Recently, French electric and hybrid vehicle association AVERE-France also reports that around 5,6000 EVs were sold in 2012 in the entire country and the sales were doubled from the previous year.

In 2011 the total EV sales were about 6,200 in France. And, in the US one in every 20,000 vehicles was a new EV last year.