Automotive market forecasts in Europe (PC+LCV)
Inovev forecasts three possible scenarios regarding the development of the European automotive market (PC+LCV) up to 2030. The high scenario (17.2 million units) takes into account strong customer acceptance for the purchase of electric vehicles linked to a drastic drop in the price of these vehicles and a major development of infrastructure. The low scenario (13.2 million units) takes into account lower customer acceptance for the purchase of electric vehicles whose high prices would be considered too high in relation to the services provided. The reference scenario (14.5 million units) is the median scenario between the two trends mentioned above. In this context, the demand for BEV-PHEV should not exceed 5 million units in 2030 according to Inovev, i.e. 35% of the European automotive market.
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