Europe Electric Vehicle Market Top Key Players - VW Group, BMW Group, Tesla Motors, PSA Group, Renault-Nissan-Mitsubishi Alliance, Hyundai- KIA Motors, Sono Motors, Street Scooter GmbH

Europe electric vehicle market was estimated at $35 Billion in 2020. With more than 35 EVs (BEV+ PHEV) in pieline, the market volume could grow up-to 1.5 Million or 10% of new car sales by 2025.

KEY FINDINGS

• In 2020 eV, sales in Europe grew by ~ 137% to 1.4 million units, the highest worldwide

• BVS included ~ 55% of total EV turnover in 2020 compared to 60% in 2019.ES of Jan 2021 , 26 BEB models are available for sale in Europe, compared to 231 in China and 28 in the USA.

• Total capacity in terms of LIOT batteries in EVS (including commercial vehicles) was 40 GWh in 2020

• Hews (nonulugin) are the fastest growing segment, which grows well for ~ 1.1 million units in 2020, grows with a rate from 80% JOJ. Toyota has more than 65% market share of this Segment

• H2 infrastructure development and promotion of EU legislators relative to China, Japan and South Korea

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EUROPE ELECTRIC VEHICLE MARKET DYNAMICS

• The upcoming average limit of 95 g CO2 / km, WLTP emissions and almost charging network extension across Europe will address the range of fear and increase EV recording.

• Audi, PSA, BMW and Mercedes have a strong attachment of PHEVs in pipeline (more than 20 phevs in 2019-2022) to be manufactured according to Q2-2020 to meet the CO2 Regulation of 2021 95 GM / km.

• Post Covid to improve the automotive market have been introduced several subsidies that have encouraged the entire EV sales in Europe, which allows them to defeat China and to be the market leader in 2020.

EUROPE ELECTRIC VEHICLE MARKET SEGMENTATION

BY OEM
• BMW Group
• Daimler
• VW Group
• PSA Group
• FCA
• Other OEMs

BY COMPONENT
• Traction Motor
• Battery
• Power Electronic (OBC, DC-DC Converter, Inverter, Motor Controller)

BY VEHICLE TYPE
• Passenger Car
• Light Commercial Vehicles
• Bus

BY EV TYPE
• BEV
• PHEV
• HEV
• FCEV

COMPETITIVE LANDSCAPE

• The European market is split between several OEMs and has healthy competition. Tesla only sells BEVs, while BMW's offering is PHEV only, with the exception of the BMW i3 and Mini Electric. The Renault-Nissan Alliance Mitsubishi has 3 best sellers and holds 15% of the market. The Tesla Model 3 was one of the most popular BEVs in 2019 and 2020.

• The VW brand, which accounts for 12% of the new car market in Europe, is still lagging behind in the development of electric vehicles, but has received a positive response with the upcoming launch of the ID3 all electric. Hatchback. New models based on the MEB platform will be launched on the market, including vans, crossovers, etc.

• Volvo has 25% of sales on the electrified market and plans to increase this percentage in the coming years. The PSA Group also launched several connected vehicles to the market and also met with a great response in the market.

COMPANY PROFILES

ELECTRIC CAR MANUFACTURERS

• VW Group
• BMW Group
• Tesla Motors
• PSA Group
• Renault-Nissan-Mitsubishi Alliance
• Hyundai- KIA Motors
• Sono Motors
• StreetScooter GmbH

Read More Information: https://mobilityforesights.com/product/europe-electric-vehicle-market/

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