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European Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Geography - Forecast to 2028

December 2021 | 134 pages | ID: E61B428CED3CEN
Meticulous Market Research Pvt. Ltd.

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European Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Geography - Forecast to 2028

The research report titled “European Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Geography - Forecast to 2028” provides an in-depth analysis of the electric cars market in Europe and emphasizes on the current market trends, market size, market shares, recent developments, and forecast till 2028. The Electric Cars Market in Europe is expected to reach $855.17 billion by 2028, at a CAGR of 40.7% during the forecast period, 2021-2028. By volume, this market is expected to grow at a CAGR of 29.6% from 2021 to reach 11.9 million units by 2028.

The growth of this market is mainly attributed to the supportive government policies and regulations, rising environmental concerns, and increasing adoption of electric mobility in Europe. The growing adoption of autonomous driving vehicles and the increasing trend of shared mobility provides significant growth opportunities for players operating in this market.

The study offers a comprehensive analysis of the electric cars market in Europe with respect to the propulsion type (hybrid vehicles, battery electric vehicles, and fuel cell electric vehicles), power output (less than 100 kW, and 100 kW to 250 kW), end use (private use, and commercial use), and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on propulsion type, the electric cars market in Europe is mainly segmented into hybrid vehicles, battery electric vehicles, and fuel cell electric vehicles. The hybrid vehicles segment is expected to account for the largest share of the electric cars market in Europe in 2021. The large share of this segment is mainly attributed to increasingly stringent automotive emission regulations, consumer demand for high fuel efficiency vehicles, high investments by automotive OEMs for hybridization of vehicle powertrain, and low cost of hybrid vehicles compared to battery electric vehicles. However, the fuel cell electric vehicles segment is expected to witness significant growth. Major factors attributed to the high growth of this segment are zero tailpipe emissions, lighter and smaller battery packs with increased driving range, and government initiatives for setting up hydrogen fuel cell charging stations.

Based on power output, the electric cars market in Europe is segmented into less than 100 kW and 100 kW to 250 kW. The less than 100 kW segment is expected to account for the largest share of the electric cars market in Europe in 2021. The large share of this segment is mainly attributed to increasing preferential entry and parking allotment to light electric cars in the city centers of major European cities, increasing implementation of electric cars for shared mobility services, falling battery prices, and increasing investments by electric vehicles startups. However, the 100 kW to 250 kW segment is expected to grow at the highest CAGR during the forecast period.

Based on end use, the electric cars market in Europe is segmented into private use and commercial use. The private use segment is expected to account for the largest share of the electric cars market in Europe in 2021. The large share of this segment is mainly attributed to increasing consumer demand for fuel-efficient and zero tailpipe emission vehicles, government incentives, tax rebates, the decline in battery costs, and increasing fuel prices. However, the commercial use segment is expected to grow at the highest CAGR during the forecast period.

Geographically, Germany is estimated to account for the largest share of the electric cars market in Europe in 2021 by value as well as by volume. The large share of this country is mainly attributed to the increased government initiatives for increasing the adoption rate of electric cars, a growing number of charging stations. Germany is one of the leading countries in Europe for automotive manufacturing and EV adoption. The German government has set the target to have 7 million to 10 million electric cars registrations by the end of 2030. In 2016, the government partnered with some of the top local car manufacturers and released an EV incentive scheme worth USD 1.1 billion. Under this program, consumers are offered a subsidy of USD 4,400 to purchase fully electric cars. Similarly, USD 3,300 subsidy is offered on PHEVs' purchases.

The key players operating in the electric cars market in Europe are AB Volvo (Sweden), Alcraft Motor Company Ltd.,(U.K.), BMW Group (Germany), BYD Company Ltd. (China), Daimler AG (Germany), Ford Motor Company (U.S.), General Motors Company (U.S.), Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Nissan Motor Co., Ltd. (Japan), Mitsubishi Motors Corporation (Japan), Tesla, Inc. (U.S.), Volkswagen AG (Germany), Toyota Motor Company (Japan), and Groupe Renault (France).

Key Questions Answered in the Report-
  • Which are the high-growth market segments in terms of propulsion type, power output, end use, and country?
  • What is the historical market size for the electric cars market in Europe?
  • What are the market forecasts and estimates for the period 2021–2028?
  • What are the major drivers, restraints, opportunities, and challenges in the electric cars market in Europe?
  • Who are the major players in the market, and what share of the market do they hold?
  • Who are the major players in various countries, and what share of the market do they hold?
  • How is the competitive landscape for the electric cars market in Europe?
  • What are the recent developments in the electric cars market in Europe?
  • What are the different strategies adopted by the major players in the market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the electric cars market in Europe, and how do they compete with the other players?
Scope of the Report

Electric Cars Market in Europe, by Propulsion Type
  • Hybrid Vehicles
    • Pure Hybrid Vehicles
    • Plug-in Hybrid Vehicles
  • Battery Electric Vehicles
  • Fuel Cell Electric Vehicles
Electric Cars Market in Europe, by Power Output
  • Less Than 100 kW
  • 100 kW to 250 kW
Electric Cars Market in Europe, by End Use
  • Private Use
  • Commercial Use
Electric Cars Market in Europe, by Geography
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Netherlands
    • Sweden
    • Switzerland
    • Norway
    • Denmark
    • Austria
    • Belgium
    • Croatia
    • Finland
    • Greece
    • Hungary
    • Ireland
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Rest of Europe (RoE)
1. INTRODUCTION

1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Process
2.2. Data Collection & Validation
  2.2.1. Secondary Research
  2.2.2. Primary Research
2.3. Market Assessment
  2.3.1. Market Size Estimation
    2.3.1.1. Bottom-Up Approach
    2.3.1.2. Growth Forecast
    2.3.1.3. COVID-19 Impact Assessment
2.4. Assumptions for the Study

3. EXECUTIVE SUMMARY

4. THE IMPACT OF COVID-19 ON THE EUROPEAN ELECTRIC CARS MARKET

4.1. Scenario A: Severe Impact
4.2. Scenario B: Slow Recovery
4.3. Scenario C: Fast Recovery

5. MARKET INSIGHTS

5.1. Introduction
5.2. Market Dynamics
5.3. Drivers
  5.3.1. Supportive Government Policies and Regulations
  5.3.2. Rising Environmental Concerns
  5.3.3. Increasing Adoption of Electric Mobility in Europe
5.4. Restraints
  5.4.1. High Costs of Electric Cars
5.5. Opportunities
  5.5.1. Growing Adoption of Autonomous Driving Vehicles
  5.5.2. Rising Trend of Shared Mobility
5.6. Challenges
  5.6.1. Range Anxiety Associated with the Use of Electric Cars
  5.6.2. Lack of Fast-Charging Infrastructure
5.7. Value Chain Analysis

6. EUROPEAN ELECTRIC CARS MARKET, BY PROPULSION TYPE

6.1. Introduction
6.2. Hybrid Electric Vehicles
  6.2.1. Pure Hybrid Electric Vehicles
  6.2.2. Plug-In Hybrid Electric Vehicles
6.3. Battery Electric Vehicles
6.4. Fuel Cell Electric Vehicles

7. EUROPEAN ELECTRIC CARS MARKET, BY POWER OUTPUT

7.1. Introduction
7.2. Less Than 100KW
7.3. 100KW to 250KW

8. EUROPEAN ELECTRIC CARS MARKET, BY END USE

8.1. Introduction
8.2. Private Use
8.3. Commercial Use

9. EUROPEAN ELECTRIC CARS MARKET, BY GEOGRAPHY

9.1. Introduction
  9.1.1. Germany
  9.1.2. France
  9.1.3. U.K.
  9.1.4. Netherlands
  9.1.5. Norway
  9.1.6. Italy
  9.1.7. Belgium
  9.1.8. Spain
  9.1.9. Sweden
  9.1.10. Switzerland
  9.1.11. Poland
  9.1.12. Denmark
  9.1.13. Austria
  9.1.14. Finland
  9.1.15. Portugal
  9.1.16. Ireland
  9.1.17. Hungary
  9.1.18. Romania
  9.1.19. Greece
  9.1.20. Slovakia
  9.1.21. Croatia
  9.1.22. Rest of Europe

10. COMPETITIVE LANDSCAPE

10.1. Introduction
10.2. Key Growth Strategies
10.3. Key Players in the European Electric Cars Market
  10.3.1. BMW Group
  10.3.2. Volkswagen AG
  10.3.3. Stellantis N.V.

11. COMPANY PROFILES (BUSINESS OVERVIEW, FINANCIAL OVERVIEW, PRODUCT PORTFOLIO, AND STRATEGIC DEVELOPMENTS)

11.1. BMW Group
11.2. Volkswagen AG
11.3. Stellantis N.V.
11.4. Daimler AG
11.5. Alcraft Motor Company Ltd.
11.6. AB Volvo
11.7. Groupe Renault
11.8. MG Motor U.K. Ltd. (A Part of SAIC Motor Corporation Limited)
11.9. BYD Company Ltd.
11.10. Geely Automobile Holdings Limited

12. APPENDIX

12.1. Questionnaire

LIST OF TABLES

Table 1 Market Size and CAGR, by Scenario (USD Million)
Table 2 European Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 3 European Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 4 European Hybrid Electric Vehicles Market Size, by Country/Region, 2019–2028 (USD Million)
Table 5 European Pure Hybrid Electric Vehicles Market Size, by Country/Region, 2019–2028 (USD Million)
Table 6 European Plug-In Hybrid Electric Vehicles Market Size, by Country/Region, 2019–2028 (USD Million)
Table 7 European Battery Electric Vehicles Market Size, by Country/Region, 2019–2028 (USD Million)
Table 8 European Fuel Cell Electric Vehicles Market Size, by Country/Region, 2019–2028 (USD Million)
Table 9 European Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 10 European Less Than 100kw Electric Cars Market Size, by Country/Region, 2019–2028 (USD Million)
Table 11 European 100kw to 250kw Electric Cars Market Size, by Country/Region, 2019–2028 (USD Million)
Table 12 European Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 13 European Electric Cars Market Size for Private Use, by Country/Region, 2019–2028 (USD Million)
Table 14 European Electric Cars Market Size for Commercial Use, by Country/Region, 2019–2028 (USD Million)
Table 15 European Electric Cars Market Size, by Country/Region, 2019–2028 (USD Million)
Table 16 European Electric Cars Market Volume, by Country/Region, 2019–2028 (Thousand Unit)
Table 17 Germany: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 18 Germany: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 19 Germany: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 20 Germany: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 21 France: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 22 France: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 23 France: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 24 France: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 25 U.K.: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 26 U.K.: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 27 U.K.: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 28 U.K.: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 29 Netherlands: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 30 Netherlands: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 31 Netherlands: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 32 Netherlands: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 33 Norway: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 34 Norway: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 35 Norway: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 36 Norway: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 37 Italy: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 38 Italy: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 39 Italy: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 40 Italy: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 41 Belgium: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 42 Belgium: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 43 Belgium: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 44 Belgium: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 45 Spain: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 46 Spain: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 47 Spain: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 48 Spain: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 49 Sweden: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 50 Sweden: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 51 Sweden: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 52 Sweden: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 53 Switzerland: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 54 Switzerland: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 55 Switzerland: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 56 Switzerland: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 57 Poland: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 58 Poland: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 59 Poland: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 60 Poland: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 61 Denmark: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 62 Denmark: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 63 Denmark: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 64 Denmark: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 65 Austria: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 66 Austria: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 67 Austria: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 68 Austria: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 69 Finland: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 70 Finland: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 71 Finland: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 72 Finland: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 73 Portugal: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 74 Portugal: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 75 Portugal: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 76 Portugal: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 77 Ireland: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 78 Ireland: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 79 Ireland: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 80 Ireland: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 81 Hungary: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 82 Hungary: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 83 Hungary: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 84 Hungary: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 85 Romania: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 86 Romania: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 87 Romania: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 88 Romania: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 89 Greece: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 90 Greece: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 91 Greece: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 92 Greece: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 93 Slovakia: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 94 Slovakia: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 95 Slovakia: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 96 Slovakia: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 97 Croatia: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 98 Croatia: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 99 Croatia: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 100 Croatia: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 101 Rest of Europe: Electric Cars Market Size, by Propulsion Type, 2019–2028 (USD Million)
Table 102 Rest of Europe: Hybrid Electric Vehicles Market Size, by Type, 2019–2028 (USD Million)
Table 103 Rest of Europe: Electric Cars Market Size, by Power Output, 2019–2028 (USD Million)
Table 104 Rest of Europe: Electric Cars Market Size, by End Use, 2019–2028 (USD Million)
Table 105 European Electric Cars Market: Recent Developments, by Company (2018–2021)

LIST OF FIGURES

Figure 1 Currency and Limitations
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Market Size Estimation
Figure 7 Key Insights
Figure 8 European Electric Cars Market Size, by Propulsion Type, 2028, (USD Million)
Figure 9 European Electric Cars Market Size, by Power Output, 2021 Vs. 2028 (USD Million)
Figure 10 European Electric Cars Market Size, by End Use, 2021 Vs. 2028 (USD Million)
Figure 11 Geographic Snapshot: European Electric Cars Market (Market Share & CAGR)
Figure 12 Geographic Snapshot: European Electric Cars Market (Volume Share & CAGR)
Figure 13 The Impact Of Covid-19 on The European Electric Cars Market
Figure 14 Electric Cars Value Chain
Figure 15 European Electric Cars Market Size, by Propulsion Type, 2021 Vs. 2028 (USD Million)
Figure 16 European Electric Cars Market Size, by Power Output, 2021 Vs. 2028 (USD Million)
Figure 17 European Electric Cars Market Size, by End Use, 2021 Vs. 2028 (USD Million)
Figure 18 European Electric Cars Market Size, by Country/Region, 2021 Vs. 2028 (USD Million)
Figure 19 European Electric Cars Market Volume, by Country/Region, 2021 Vs. 2028 (Thousand Unit)
Figure 20 Popular Electric Vehicles in the U.K.
Figure 21 Electric Vehicle Sales in the U.K. (2019–2020)
Figure 22 Key Growth Strategies Adopted by Leading Players, 2018–2021
Figure 23 BMW Group: Financial Overview (2020)
Figure 24 Volkswagen AG: Financial Overview (2020)
Figure 25 Stellantis N.V.: Financial Overview (2020)
Figure 26 Daimler AG: Financial Overview (2020)
Figure 27 AB Volvo: Financial Overview (2020)
Figure 28 Groupe Renault: Financial Overview (2020)
Figure 29 Saic Motor Corporation Limited: Financial Overview (2020)
Figure 30 byd Company Ltd.: Financial Overview (2020)
Figure 31 Geely Automobile Holdings Limited: Financial Overview (2020)


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