openPR Logo
Press release

Europe Electric Vehicle Market to Reach USD 395.56 Billion by 2030, Growing at 13.29% CAGR

01-09-2025 11:49 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Europe Electric Vehicle Market

Europe Electric Vehicle Market

๐“๐ก๐ž ๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐“๐จ๐ฐ๐š๐ซ๐๐ฌ ๐š ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ฅ๐ž ๐…๐ฎ๐ญ๐ฎ๐ซ๐ž

The Europe electric vehicle (EV) market has emerged as a global leader in sustainable mobility, driven by stringent environmental regulations and a surge in consumer awareness. Valued at USD 165.12 Billion in 2023, the market is anticipated to reach USD 395.56 Billion by 2030, growing at an impressive CAGR of 13.29% over the forecast period.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/1730/

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ:

Vietnam's EV market is in its nascent stages but poised for rapid growth. Companies like ๐•๐ข๐ง๐…๐š๐ฌ๐ญ are pioneering local manufacturing efforts and exporting EVs to international markets. Recent partnerships between VinFast and global technology providers signal significant opportunities for market expansion. The government's incentives for EV adoption, including tax benefits and charging infrastructure investments, are key growth drivers.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐:

Thailand has positioned itself as a hub for EV production in Southeast Asia. Leading automakers like ๐๐˜๐ƒ and ๐Œ๐† ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ have established manufacturing plants, leveraging Thailand's robust automotive supply chain. Recent developments include partnerships with local firms to enhance battery production capabilities and government-backed initiatives to promote EV adoption through subsidies and infrastructure upgrades.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง:

Japan's EV market remains a pioneer in innovation and technology. Companies such as ๐“๐จ๐ฒ๐จ๐ญ๐š and ๐๐ข๐ฌ๐ฌ๐š๐ง are spearheading advancements in battery technology and autonomous driving. Notable mergers include ๐‡๐จ๐ง๐๐š'๐ฌ collaboration with global battery manufacturers to scale EV production. Consolidation efforts are evident as companies focus on integrating supply chains to enhance efficiency and reduce costs.

๐”๐ง๐ฅ๐จ๐œ๐ค ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฏ๐ข๐š ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/1730/

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š:

South Korea's EV market is thriving with significant investments in R&D and infrastructure. Market leaders like ๐‡๐ฒ๐ฎ๐ง๐๐š๐ข ๐Œ๐จ๐ญ๐จ๐ซ ๐†๐ซ๐จ๐ฎ๐ฉ and ๐Š๐ข๐š ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง have announced plans to launch next-generation EV models with extended ranges and faster charging capabilities. Recent updates include government incentives aimed at boosting domestic EV sales and expanding public charging networks.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž:

Singapore's advanced infrastructure and supportive policies have positioned it as a key market for EV adoption in Asia. Companies like ๐“๐ž๐ฌ๐ฅ๐š and ๐‡๐ฒ๐ฎ๐ง๐๐š๐ข have strengthened their presence with new model launches. Recent government initiatives include tax reductions for EV buyers and investments in charging infrastructure to achieve the country's Green Plan 2030 targets.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ:

The US EV market is witnessing exponential growth, driven by increasing consumer demand and federal incentives. ๐“๐ž๐ฌ๐ฅ๐š remains a dominant player, while traditional automakers like ๐…๐จ๐ซ๐ and ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ are ramping up their EV portfolios. Recent mergers include Rivian's acquisition of battery technology firms to enhance performance and sustainability. Investments in EV charging networks are accelerating market growth.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/1730/

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž:

Europe leads the global EV revolution, with strong policy support and a focus on sustainability. Companies like ๐•๐จ๐ฅ๐ค๐ฌ๐ฐ๐š๐ ๐ž๐ง, ๐๐Œ๐–, and ๐‘๐ž๐ง๐š๐ฎ๐ฅ๐ญ are investing heavily in EV production and battery technologies. Recent acquisitions include Stellantis' purchase of battery startups to secure supply chain resilience. The European Union's Fit for 55 initiative continues to drive market growth by setting ambitious emission reduction targets.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง ๐“๐ฒ๐ฉ๐ž

Hybrid Vehicles
Pure Hybrid Vehicles
Plug-in Hybrid Vehicles
Battery Electric Vehicles
Fuel Cell Electric Vehicles

๐›๐ฒ ๐๐จ๐ฐ๐ž๐ซ ๐Ž๐ฎ๐ญ๐ฉ๐ฎ๐ญ

Less Than 100 kW
100 kW to 250 kW

The 100 kW to 250 kW segment is anticipated to grow at the greatest rate of 14.2% in 2023 compared to 2024-2030. The growing usage of electric buses and trucks, especially in applications pertaining to freight services and public transportation, is the main driver of this notable expansion in the European electric vehicle market. Furthermore, a number of European businesses are launching new electric cars with cutting-edge technology and power outputs between 100kW and 250kW, including light commercial models like buses, vans, and pick-up trucks.

๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž

Private Use
Commercial Use

Over the course of the forecast period, commercial use is anticipated to dominate the EU electric vehicle market share. This increase is mostly ascribed to elements like rising fuel costs and strict government-imposed pollution standards. The rapid growth of this market is further facilitated by the rise in the use of driverless delivery vehicles and the growing popularity of electric buses and trucks. Suppliers and manufacturers in nations including France, the United States, and Spain are actively working to improve the efficiency of battery and charging technologies designed especially for commercial electric cars (EVs).

๐›๐ฒ ๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ

Germany
France
U.K.
Italy
Spain
Sweden
Others

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/europe-electric-vehicle-market/1730/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1. Tesla
2. Renault
3. Hyundai Motor Company
4. Volkswagen AG
5. Kia Corporation
6. Mercedes-Benz,
7. Ford
8. BYD Compay Ltd.
9. Solaris Bus & Coach sp. z o.o.
10. Volvo
11. Ebusco
12. Diamler
13. Zero Motorcycles, Inc.
14. Niu International
15. Evoke Electric Motorcycles (HK) Ltd.
16. Horwingloba
17. Harley-Davidson, Inc.
18. VanMoof
19. Cowboy
20. Giant Bicycles
21. myStromer AG
22.Yamaha Motor

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Global EV Platform Market https://www.maximizemarketresearch.com/market-report/global-ev-platform-market/71099/

โ™ฆ Global Cloud Telephony Service Market https://www.maximizemarketresearch.com/market-report/global-cloud-telephony-service-market/26948/

โ™ฆ North America Smart Fleet Management Market https://www.maximizemarketresearch.com/market-report/north-america-smart-fleet-management-market/3139/

โ™ฆ Legal Technology Market https://www.maximizemarketresearch.com/market-report/legal-technology-market/215553/

โ™ฆ Wedding Services Market https://www.maximizemarketresearch.com/market-report/wedding-services-market/229647/

โ™ฆ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

โ™ฆ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/

โ™ฆ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/

โ™ฆ Diamond Core Drilling Market https://www.maximizemarketresearch.com/market-report/diamond-core-drilling-market/199099/

โ™ฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Europe Electric Vehicle Market to Reach USD 395.56 Billion by 2030, Growing at 13.29% CAGR here

News-ID: 3809040 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Commercial Kitchen Appliances Market Poised for Robust Growth, Expected to Reach US$ 160.05 Billion by 2030
01-14-2026 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Commercial Kitchen Appliances Market Poised for Robust Growth, Expected to Reach โ€ฆ
The global Commercial Kitchen Appliances Market, valued at US$ 101.65 billion in 2023, is witnessing strong momentum driven by the rapid expansion of the foodservice industry, technological innovation, and evolving consumer lifestyles. According to the latest market analysis, the industry is projected to grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2030, reaching nearly US$ 160.05 billion by the end of the forecast period. Commercial kitchenโ€ฆ
E-Bike Market Poised for Robust Expansion, Projected to Reach USD 153.42 Billion by 2032 Driven by Sustainable Mobility, Technological Innovation, and Urban Transformation
01-14-2026 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
E-Bike Market Poised for Robust Expansion, Projected to Reach USD 153.42 Billion โ€ฆ
The global E-Bike Market is entering a transformative growth phase, underpinned by accelerating demand for eco-friendly transportation, rapid advances in battery and motor technologies, and strong policy support for sustainable urban mobility. Valued at USD 60.65 Billion in 2024, the market is projected to expand at a compound annual growth rate (CAGR) of 12.3% from 2025 to 2032, reaching nearly USD 153.42 Billion by 2032. As cities worldwide seek toโ€ฆ
Data Center Liquid Immersion Cooling Market Set for Rapid Expansion, Driven by High-Density Computing and Sustainability Imperatives
01-14-2026 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Data Center Liquid Immersion Cooling Market Set for Rapid Expansion, Driven by H โ€ฆ
Data Center Liquid Immersion Cooling Market to Grow from USD 640.94 Million in 2023 to USD 3,340.83 Million by 2030, Registering a Robust CAGR of 26.6% (2024-2030) The global Data Center Liquid Immersion Cooling Market is witnessing a transformative phase as data center operators worldwide seek advanced, energy-efficient cooling solutions to address rising power densities, sustainability mandates, and escalating operational costs. Valued at USD 640.94 million in 2023, the marketโ€ฆ
Exosomes Market Forecast: USD 3,430.99 Million Opportunity by 2032
01-14-2026 | Health & Medicine
MAXIMIZE MARKET RESEARCH PVT. LTD.
Exosomes Market Forecast: USD 3,430.99 Million Opportunity by 2032
Exosomes Market size was valued at USD 423.2 Mn in 2024 and is expected to reach USD 3430.99 Mn by 2032, at a CAGR of 29.90 The global exosomes market is currently poised for explosive growth, fundamentally driven by the paradigm shift toward non-invasive diagnostics and the rising prominence of "liquid biopsies" in oncology. Once considered mere cellular waste, these extracellular vesicles are now recognized as critical mediators of intercellular communication,โ€ฆ

All 5 Releases


More Releases for Europe

05-31-2019 | Advertising, Media Consulting, โ€ฆ
Supply Demand Market Research
2019 Strategy Consulting Market Analysis | McKinsey, The Boston Consulting Group โ€ฆ
Strategy Consulting Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends Need for strategic planning in highly competitive environment and to develop business capabilities to meet & exceed the emerging requirements are the major drivers which help in surgingโ€ฆ
04-17-2019 | Business, Economy, Finances, B โ€ฆ
Supply Demand Market Research
Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola โ€ฆ
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The key players covered in this study McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europeโ€ฆ
02-26-2019 | Advertising, Media Consulting, โ€ฆ
Contrive Datum Insights Pvt. Ltd.
Digital Strategy Consulting Market is Thriving Worldwide with Deloitte, McKinsey โ€ฆ
A Digital Strategy is a form of strategic management and a business answer or response to a digital question, often best addressed as part of an overall business strategy. A digital strategy is often characterized by the application of new technologies to existing business activity and focus on the enablement of new digital capabilities to their business. A new report as a Digital Strategy Consulting market that includes a comprehensive analysisโ€ฆ
02-04-2019 | Business, Economy, Finances, B โ€ฆ
Report Hive
Strategy Consulting Market 2019: By McKinsey, The Boston Consulting Group, Bain โ€ฆ
This report studies the global Strategy Consulting market, analyzes and researches the Strategy Consulting development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like โ€ข McKinsey โ€ข The Boston Consulting Group โ€ข Bain & Company โ€ข Booz & Co. โ€ข Roland Berger Europe โ€ข Oliver Wyman Europe โ€ข A.T. Kearney Europe โ€ข Deloitte โ€ข Accenture Europe Get Sample Report@ https://www.reporthive.com/enquiry.php?id=1247388&req_type=smpl&utm_source=AB Market segment by Type, the product can be split into โ€ข Operations Consultants โ€ข Business Strategy Consultants โ€ข Investment Consultants โ€ข Sales andโ€ฆ
01-03-2019 | Business, Economy, Finances, B โ€ฆ
Orbis Research
Strategy Consulting Market Analysis 2018: McKinsey, The Boston Consulting Group, โ€ฆ
Orbis Research Presentโ€™s โ€œGlobal Strategy Consulting Marketโ€ magnify the decision making potentiality and helps to create an effective counter strategies to gain competitive advantage. The global Strategy Consulting status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Strategy Consulting development in United States, Europe and China. In 2017, the global Strategy Consulting market size was million US$ and it is expected to reach millionโ€ฆ
11-14-2018 | Health & Medicine
Up Market Research (UMR)
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play โ€ฆ
UpMarketResearch published an exclusive report on โ€œInfluenza Vaccination marketโ€ delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. Thisโ€ฆ