Italy has seen a significant growth in the number of electric passenger cars, reaching 245.33 thousand in 2023. This marks a steady rise from 4.5 thousand in 2013. The data from 2014 to 2023 reveals substantial year-on-year variations:
• 2014: -23.78%
• 2015: +33.64%
• 2016: +25.28%
• 2017: +31.64%
• 2018: +60.79%
• 2019: +86.97%
• 2020: +133.54%
• 2021: +122.37%
• 2022: +54.12%
• 2023: +34.86%
The Compound Annual Growth Rate (CAGR) over the past five years leading up to 2023 was 82.39%. Looking ahead, the number of electric passenger cars is forecasted to continue growing, reaching 553.03 thousand in 2028, with a forecasted 5-year CAGR of 12.41% and a projected overall growth rate of 79.49% from 2024 to 2028.
Future trends to watch for include advancements in battery technology, government incentives, charging infrastructure development, and broader adoption of electric vehicles driven by climate change policies and consumer awareness of environmental impacts.
