Germany dominates the European electric vehicle (EV) registration share, accounting for 44.23% of the units in 2024. Sweden and Italy follow with 9.02% and 6.64%, respectively. Norway and the Netherlands each hold a 5.07% share, reflecting mature EV adoption. Smaller markets like Bulgaria and Latvia contribute minimal shares.
The year-on-year variations indicate that several countries, including Germany, Italy, and Greece, experienced substantial growth of over 76% in 2023. Norway's growth was more modest at 14.12%. This shows varying levels of market saturation and adoption speed across regions.
Future trends to watch:
- Growth in emerging markets like Greece and Poland, where base levels are low but growth rates are high, indicating strong future potential.
- Technological advancements and policy incentives further accelerating adoption in countries with high initial adoption like Norway and the Netherlands.
- Infrastructure development and legislation will be critical in less saturated markets to foster growth.
Top countries in Electric Vehicle Registrations Share by Country (Units)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 44.23 | 2023 | +28.9% | +78.56% | View data |
2 | 2 Sweden | 9.02 | 2023 | +26% | +53.93% | View data |
3 | 3 Italy | 6.64 | 2023 | +28.71% | +80.03% | View data |
4 | 4 Netherlands | 5.07 | 2023 | +13.79% | +38.95% | View data |
5 | 5 Norway | 5.07 | 2023 | +9.89% | +14.12% | View data |
6 | 6 Belgium | 4.67 | 2023 | +26.97% | +57.83% | View data |
7 | 7 France | 3.99 | 2023 | +9.25% | +19.43% | View data |
8 | 8 Spain | 3.98 | 2023 | +26.12% | +56.38% | View data |
9 | 9 Denmark | 3.3 | 2023 | +27.84% | +79.46% | View data |
10 | 10 United Kingdom | 3.11 | 2023 | +5.14% | +7.58% | View data |
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