The number of electric car models on the European market will more than triple within the next three years, new analysis shows. After several years of timid growth, EU carmakers will be offering 214 electric models in 2021 – up from the 60 available at the end of 2018.
Transport & Environment (T&E), which publishes the analysis this week using data from authoritative industry source IHS Markit, said it is clear most manufacturers are ready to embrace electrification, but governments must ensure drivers have the right tax incentives and charging infrastructure to move away from diesel and petrol fast.
Carmakers will bring to market 92 fully electric models and 118 plug-in hybrid models in 2021, which they need to sell to meet the EU car CO2 target of 95g/km. If the forecast plans are delivered, by 2025 22% of vehicles produced could have a plug – more than enough to meet the EU’s car CO2 standard for that same year.
Lucien Mathieu, transport and emobility analyst at T&E, said: “Thanks to the EU car CO2 standards, Europe is about to see a wave of new, longer range, and more affordable electric cars hit the market. That is good news but the job is not yet done. We need governments to help roll out EV charging at home and at work, and we need changes to car taxation to make electric cars even more attractive than polluting diesels, petrols or poor plug-in hybrid vehicles.”
But Slovakia is forecast to be making the highest number of EVs per capita by 2025. Czech Republic and Hungary will also be significant production centres. The UK remains uncertain as the forecasted EV production growth could easily be reversed in the case of a ‘no deal’ Brexit.
Lucien Mathieu concluded: “This is a pivotal moment for Europe’s automotive industry. Carmakers are investing €145 billion in electrification, and battery making is finally coming to Europe. Success in this area is a top EU industrial priority. We need to send a clear signal to industry that there is no way back, and agree a phase-out of petrol and diesel car sales in cities, at national and EU level. The age of the combustion engine is coming to an end.”