Review of electric car sales in Europe in 2020
- The large Europe (European Union + United Kingdom + Norway + Switzerland + Iceland) registered 1,364,813 battery electric (BEV) and plug-in hybrid (PHEV) vehicles in 2020, compared to 559,871 in 2019, which represents an increase of 144 % year over year. These vehicles represented 11.5% of the European passenger car market in 2020, against 3.5% in 2019. The share of these models tripled between 2019 and 2020. This 2020 total is broken down into 745,684 BEVs (+107% compared to 2019) and 619,129 PHEVs (+210%).
- The carmaker offer increases (both BEV and PHEV) and bonuses has pushed the strong sales growth of electric vehicles in Europe in 2020, even if demand is concentrated in a few countries, as in the 29 European countries Listed nearly 80% of sales of this type of car are concentrated in 6 markets: Germany, France, England, Norway, the Netherlands and Italy.
- Given the generally high retail price of these vehicles, it makes sense that the demanding markets are the richest European countries, but what will happen when the sale of pure thermal vehicles will be banned? We could then see a drastic drop in sales of new cars in some markets, because buyers (at least non-professional individuals) will not necessarily be able to acquire an electric car. These customers could transfer to second hand vehicles (thermal or electric) or keep their old vehicles longer.
- The best-selling vehicle in Europe in the BEVs category is the Renault Zoé which for the first time reached 100,000 annual sales, ahead of the Tesla Model 3 (87,000 sales) and the new Volkswagen ID3 (57,000 sales).
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