The European battery electric vehicle (BEV) market saw significant growth in 2023 with Germany leading at a 30.29% share. The United Kingdom followed at 17.73%, and France at 12.7%. Notably, Norway and Sweden showed strong uptake, highlighting regional preferences.
The year-on-year variations in 2023 illustrated substantial increases, with Slovakia, Romania, and Finland registering the highest growth, reflecting emerging markets' potential. Despite lower initial shares, some countries achieved growth over 70%, emphasizing a broad European shift towards BEV adoption, driven by supportive policies and infrastructure enhancements.
In 2024 and beyond, expect heightened competition in EV markets, improved infrastructure, and evolving regulations, driving more significant uptake across Europe. Growth is anticipated across both established and emerging markets, propelled by technological advancements and increased consumer acceptance.
Top countries in Battery Electric Vehicle Registrations Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.29 | 2023 | +24.32% | +74.3% | View data |
| 2 | 2 United Kingdom | 17.73 | 2023 | +28.39% | +73.51% | View data |
| 3 | 3 France | 12.7 | 2023 | +21.03% | +54.79% | View data |
| 4 | 4 Norway | 8.62 | 2023 | +20.67% | +28.95% | View data |
| 5 | 5 Sweden | 6.83 | 2023 | +39.08% | +70.62% | View data |
| 6 | 6 Netherlands | 4.15 | 2023 | +9.39% | +6.8% | View data |
| 7 | 7 Belgium | 2.71 | 2023 | +39.08% | +56.01% | View data |
| 8 | 8 Italy | 2.6 | 2023 | +2.19% | +47.27% | View data |
| 9 | 9 Switzerland | 2.58 | 2023 | +24.01% | +39.47% | View data |
| 10 | 10 Austria | 1.92 | 2023 | +8.93% | +41.6% | View data |
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