Europe Electric Car Market Analysis by Trends, Size, Share, Growth...

Europe Electric Car Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

Posted 2023-10-31 07:32:39

In an entire life cycle, typical e-car in Europe generates less or no greenhouse gases and air contaminants or sound, in comparison to its diesel and petrol equivalent. Releases are typically higher in the making phase, but these are more than offset by lesser releases in the use phase over time.

As per EEA report on e-cars, GHG releases of e-vehicles were around 18-32% lesser than the releases of petrol and diesel vehicles. The making of e-cars is also projected to become more effective, and the making of electricity cleaner, each year the life-cycle releases of a regular e-vehicle can be cut by almost 72% by 2050.

The count of e-vehicles is increasing in Europe, annually. For instance, e-car registrations for 2022 made up 27% in the share of total new car registrations, as per the preliminary information. For a supportable mobility system, e-cars alone will not be enough. Furthermore, making of electric vehicles will still need significant resources and produce contamination. E-vehicles will also not solve the issue of increasing transportation demand, time spent in traffic or looking for a parking spot.

Get More Insights: Europe Electric Car Market Revenue Estimation and Growth Forecast Report

Renewable Energy in Transport

From biofuels to wind-produced power, different renewable power sources are utilized throughout the transport industry.

The share of power from renewable sources utilized for transportation in the EU augmented from under 3% in 2005 to 10.7% in 2020. This means that, together, the EU Member States touched the 10% aim for the share of power from renewable sources in the transportation industry.

Preliminary EEA information showed that in 2021, the share of power from renewable sources used for transport in the EU stabilized at about the same level 10.2%. Improvement among the EU Member States differs significantly, from 5.7% in Greece to 33% in Sweden.

Europe has also included the idea of sustainability beyond the cars themselves. The making procedure of e-cars tends to have a lesser carbon footprint in comparison to old-style internal combustion engine car. Makers are progressively accepting renewable power sources and supportable materials for the making of EVs, aligning with the region's broader promise to dipping ecological effect.

A Comprehensive Transformation

The e-car uprising is not limited to passenger vehicles alone. Public transport systems, taxis, and even delivery fleets are transitioning to electric energy. Metropolises like London, Amsterdam, and Paris have executed guidelines to slowly phase out internal combustion engine vehicles from their city centers, promoting cleaner air quality and reduced noise pollution.