TechBriefly
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles
No Result
View All Result
 Hot Topics:
  • iPhone 15 overheating
  • DALL-E 3
  • FTC Fortnite refund
  • iPhone 15
  • Binance WOTD answers (DeFi)
TechBriefly
No Result
View All Result
Home Tech Automobile

EV sales can surpass traditional car sales in Europe by 2025

The latest study including 14,000 respondents from the EU and UK show that transition to electric vehicles (EVs) is inevitable.

by Kerem Gülen
19 January 2022
in Automobile, Tech
Reading Time: 2 mins read
EV sales can surpass traditional car sales in Europe by 2025
Share on FacebookShare on Twitter

The latest study of Element Energy shows that consumers in the EU and UK will inevitably transition to electric vehicles (EVs) eventually.

The study included 14,000 respondents from the United Kingdom, France, Italy, Spain, Germany, Poland, and the Netherlands. These are the countries that account for almost 80% of new passenger vehicle registrations in the European Union, United Kingdom, and EFTA region.

Let’s get deeper into the findings.

From 2025, EVs will be the most desired powertrain because of their low upfront costs

Surprisingly, upfront cost was seen to be the most crucial consideration for customer powertrain decisions, followed by driving distance, running cost, and access to charging.

According to the study, the growing demand for electric vehicles is driven by plummeting lithium-ion battery production costs and the introduction of cheaper, higher-specification EVs to the market, which is anticipated over the next decade.

Between now and 2025, consumer demand for battery electric vehicles (BEVs) is expected to outpace that of any other powertrain. By 2030, this is expected to rise to 50% and 80% by 2050.

With BEVs becoming the new standard, no other powertrain is anticipated to account for more than 20% of the market in 2027.

The study expects that in the most optimistic scenario price parity between battery electric vehicles and internal combustion engine vehicles will be achieved in 2028.

In the case that battery technology keeps improving at its current rate, EV sales would account for 80% of all vehicle sales by 2030 and 100% by 2050. The following graph shows the differences between the two cases:

EV sales can surpass traditional car sales in Europe by 2025

EV demand is not restricted by access to public charging, but sales must keep up

It’s estimated that 59% of all new-car buyers in Europe have private off-street charging, so they won’t need to use public infrastructure for this purpose.

Following this information, the report found that expanding access to public charging ahead of demand does not appear to significantly increase BEV adoption on its own.

Even if public charging infrastructure is made available by 2030, demand for electric vehicles will only grow by 10% over the decade, as shown in the graph below.

EV sales can surpass traditional car sales in Europe by 2025

However, in nations where there is a scarcity of both private and public charging stations (for example, Spain, Italy, and Poland), the introduction of more infrastructure is anticipated to create vast latent demand.

According to the data, if consumers don’t have access to charging, they won’t buy an EV.

Today’s customers favor the BEVs

If their properties were matched like running cost, upfront purchase cost and a 500km range, the vast majority of respondents (73%) would choose an EV over an ICE.

According to Element Energy, with governments increasingly signifying their green aims and electric vehicle technology improving and becoming more widespread, the demand for plug-in hybrid electric vehicles will rise.

See also:
Subaru’s 1,073 horsepower electric car is revealed: STI E-RA Concept

But the study points out that the electric vehicle market alone cannot bring about the demise of internal combustion engine cars.

The research shows that an immediate ban on conventional vehicle sales would dramatically increase EV demand.

Tags: chargingelectric vehicleEUfeaturedsalesUK

Related Posts

New Android 14 features

New Android 14 features to go live today

Google Pixel 8 event

What can you expect from the Google Pixel 8 event?

Your social media posts feed Meta AI

Your social media posts feed Meta AI

iPhone of Artificial Intelligence

Is OpenAI in the lab to manufacture the iPhone of Artificial Intelligence?

POPULAR

Binance Word of the Day answers: Binance Launchpad theme

What is the Dark Fantasy ad with SRK and how to join?

Binance Word of the Day answers: DeFi theme

Monster Hunter Now Fake GPS not working: How to fix

What is Instagram direct message suggested list order (explained)?

Duolingo hacks to earn more than 60K XP quickly

What does setting interrogation succeeded mean?

How to grab in Knockout Bash Rocket League?

Binance Word of the Day answers: DeFi theme

How much is 1 million diamonds on TikTok?

RSS News Republic

  • Meta Connect 2023: All announced products during the event
  • macOS 14 Sonoma: Enhancing performance with Game Mode
  • JESUS IS KING 2: Kanye West’s 2019 Gospel follow-up leaked
  • Enhance your AI interactions with the best ChatGPT plugins
  • What is Skibidi Toilet Syndrome?

RSS LeaderGamer

  • GTA 5 Online Strip Club: Guide (2023)
  • Starfield names – List of names that the character Vasco can say
  • Explained: VPN types and protocols
  • The Evolution and Impact of Video Games: An Analysis of Their Cultural and Social Influence
  • The Role of Cloud Computing in Driving Business Agility and Scalability
TechBriefly

© 2021 TechBriefly is a Linkmedya brand.

  • Tech
  • Business
  • Science
  • Geek
  • How to
  • About
  • Privacy
  • Terms
  • Contact
  • FAQ
  • | Network Sites |
  • Digital Report
  • LeaderGamer
  • News Republic

Follow Us

No Result
View All Result
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles