When is Europe going electric?

In 2020, 10.2% of all cars sold in Europe were electric (either hybrid or fully electric). This is a huge increase with respect to last years’ data. In 2019, for example, BEVs (Battery Electric Vehicles) and PHEVs (Plug-in Hybrid Electric Vehicles) accounted for only a 3.3% share of the market in Europe (EU + EFTA + UK).

In total, around 1.4 million BEVs and PHEVs were registered in Europe during 2020. This means a 137% increase compared to 2019.

This is significant also if compared to the global data. EVs (Electric Vehicles) global market share was 2.5% in 2019 and 4.2% in 2020 (43% increase).

In the graph below we can observe the difference from 2018 to 2020 of monthly plug-in vehicle sales.

Source: EV-Volumes

We ought to consider that the total market for vehicles has been highly impacted by COVID-19 all over the world, with the total market share decreasing by 14% compared to 2019. This is clearly visible from the EV-Volumes graph below, showing BEV+PHEV sales in 2020 and 2019 and percentage growth in EV Market and Total Market.

Source: EV-Volumes

Even though we are generally witnessing a very positive trend, there are a lot of discrepancies between European countries. In Norway, for example, the market share of plug-in cars was 74.7% in 2020!

Another remarkable example is Germany, where EV sales increased by 254% over 2019, with a more than average proportion of them (around 50% vs the global average of 31%) being PHEVs (plug-in hybrid).

Other countries, such as Italy or Spain, show significantly lower EV market shares.