Electric Vehicle Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Electric Vehicle Industry

European Electric Vehicle Trends in 2024

Electric Vehicle is part of Motor Vehicle and includes a number of sub-sectors such as Clean Mobility, EV Charging, EV Charging Infrastructure, Battery Material and EV Technology. You may also be interested in Motorcycle, Light Vehicle and Commercial Vehicle.

The registration of electric vehicles in Europe is projected to surge, reaching approximately 4.6 million units by 2028. This marks a significant increase from around 2.8 million units in 2023, reflecting an average annual growth rate of 7.9%. Since 2019, the European electric vehicle market has experienced a robust expansion, with an impressive year-on-year growth rate of 53.3%. In 2023, Germany led the charge in electric vehicle registrations, boasting approximately 1.2 million units. Trailing behind were Sweden, Italy, and the Netherlands, securing the second, third, and fourth spots, respectively. Among the standout performers, Greece recorded an extraordinary year-on-year increase of 87.6%. Meanwhile, Bulgaria also showed positive momentum, with a year-on-year growth of 6.5% since 2019.

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In 2024 major markets in the Electric Vehicle Industry were:

Electric Vehicle Market Data and Forecasts

How much the Electric Vehicle industry is expected to grow to 2028?

Forecast: European Electric Vehicle Registrations
Forecast: Electric Vehicle Registrations in the EU
Forecast: Electric Vehicle Registrations in Germany
Forecast: Electric Vehicle Registrations in France
Forecast: Electric Vehicle Registrations in Norway
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