Forecast: Number of Electric Passenger Cars in the Netherlands

In 2023, the number of electric passenger cars in the Netherlands stood at 414.09 thousand units. Over the past two years, the sector witnessed significant growth, with year-on-year variations of 34.69% in 2022 and 25.44% in 2023. The 5-year compound annual growth rate (CAGR) from 2018 to 2023 was 40.4%. Since 2015, when the market had 9.96 thousand electric passenger cars, the industry has grown substantially, highlighted by a 139.02% increase in 2019.

From 2024 onwards, forecasts indicate a deceleration in growth with the 5-year CAGR projected at 10.57%, reaching 821.89 thousand units by 2028, which translates to a growth rate of 65.27% over the forecasted period.

Future trends to watch for include advancements in charging infrastructure, government incentives, technological improvements in battery efficiency, and the potential impact of global supply chain disruptions on the availability of electric vehicles.