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God forecast! Europe is set to overtake China as the world's fastest-growing place for electric cars by 2020

Publish Date: 2019.12.14

Sales of all-electric and plug-in hybrids in Europe are expected to rise 35 percent in the first nine months of 2020, bloomberg reported. That is a much faster growth rate than in the us or China, the world's biggest market for electric cars.

Sales of all-electric and plug-in hybrids in Europe are expected to rise 35 percent in the first nine months of 2020, bloomberg reported. That is a much faster growth rate than in the us or China, the world's biggest market for electric cars.


China's market for pure electric cars may even shrink in 2020 because of the decline in domestic subsidies. To keep sales of all-electric cars growing in North America, tesla needs to use the Model 3 to keep users interested while it waits for the Model Y to launch.


The United States will introduce a large number of other pure electric models. New models from audi, bayten, BMW, ford, Polestar, Rivian, Volkswagen and Volvo. But it could be nearly a year before those models are officially launched and generate significant sales. Meanwhile, the battle between California and the trump administration over fuel efficiency rules will come with uncertainty.

电动汽车,销量,动力电池,宁德时代,插电式混合动力

Electric cars, sales, power batteries, ningde times, plug-in hybrids

On the European market, the eu is in absolute control of the fight to reduce carbon emissions. Carmakers must sell zero-emission vehicles or pay stiff eu fines.


Under new European Union rules, manufacturers must achieve an average of 57.4 miles per gallon of co2 emissions from their fleets by next year. That number will steadily increase to an average of 92 miles per gallon by 2030.


This would effectively require all carmakers to start switching to electric vehicles immediately or face hefty fines. Small electric vehicles take precedence over crossovers and trucks.


"It's better to subsidize electric cars than to pay a hefty penalty for selling an internal combustion engine," Frank Schwope, an analyst at nordlb bank, told bloomberg. We should see a steady increase next year."


In Germany, France and less electrified Britain, consumer incentives have been offered, cutting prices on electric cars by up to €6,000 ($6,500). And tesla, America's biggest electric carmaker, will no longer benefit from federal incentives.


As expected, some European car industry leaders are reluctant to change, hoping to stall electrification based on weak overall sales, potential job losses and uncertainty over brexit. Over the past few years, carbon dioxide emissions in Europe have increased as consumers have shifted to profitable, gas-guzzling suvs. Many forecasters expect overall car sales in Europe to fall between 5% and 10%.


In 2018, pure electric cars and plug-in hybrids accounted for about 1.5 percent of passenger car sales across the European Union. But the electric momentum has begun. Sales of electric vehicles accounted for 3.1 percent of new registrations in the third quarter of 2019, according to industry data.


The number of electric vehicles available in Europe is expected to reach 150 in the next three years.

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