Official: European EV sales will jump fivefold by decade's end

Official: European EV sales will jump fivefold by decade's end:
Filed under: EV/Plug-in, Europe/EU




To paraphrase the old Elvis Presley tagline, more than 800,000 Europeans can't be wrong. That's the conclusion of Pike Research, which estimates that sales of electric vehicles in Europe will jump more than fivefold between now and the end of the decade.



Specifically, EVs will account for about four percent of the European new-car market in 2020, up from 0.7 percent last year. That means that about 827,000 EVs will be sold throughout the continent in 2020. Pike acknowledges there are conflicting factors that need to be taken into account when estimating EV growth. While Europe's higher fuel prices will help push EV sales, the broader prevalence of fuel-efficient diesel vehicles may hamper automakers' effort to get potential customers to consider EVs.



Earlier this month, French electric and hybrid vehicle association AVERE-France said that more than 5,6000 EVs were sold in France last year, doubling its 2011 total and accounting for about one in every 6,200 of the country's vehicles. By comparison, about one in 20,000 US vehicles was a new EV last year. Check out Pike Research's press release below.
Continue reading European EV sales will jump fivefold by decade's end

European EV sales will jump fivefold by decade's end originally appeared on Autoblog Green on Sat, 19 Jan 2013 16:54:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

DIGITAL JUICE