Electromobility: China remains lead market, Europe lags: Page 2 of 2

October 30, 2017 //By Christoph Hammerschmidt
Electromobility: China remains lead market, Europe lags
China is continuing to press ahead in the market for electric cars (including hybrid drives), while the gap to the U.S. has widened. Europe is still in waiting mode, but the breakthrough is gradually coming in sight, according to a new study by the Center of Automotive Management (CAM).

The United Kingdom has also been able to increase its e-vehicle sales and sold more than 35,400 units, 21 percent more than in the same period last year. Plug-in hybrids account for 69 percent of sales, with 31 percent of sales being generated by electric vehicles alone. The latter grew by 37 percent to over 11,000 units. In France, new e-vehicle registrations are also increasing significantly to 26,545 (+23%). Unlike the UK, BEVs account for 71 percent of electric car sales, while plug-in hybrids account for 29 percent.

The study predicts that the next two to three years will see only moderate growth rates in electromobility in key automotive markets. However, the CAM anticipates a significant increase in market dynamics at the beginning of the 2020s. The decisive factors are the massive product efforts of the manufacturers and the expected regulatory environment in pivotal automotive countries. Therefore, the comparatively low market shares at present must not obscure the fact that a massive upheaval of drive technologies is imminent in the next 10-15 years. From around 2020 onwards, the product offensive of global manufacturers will generate massive growth in the e-mobility market. For 2025, the study estimates that up to 25 million new electric cars will be registered each year, and by 2030 this number could rise to 40 million vehicles. Electrically powered cars would then have a market share of 40% worldwide. According to the study, however, the prerequisite for this scenario is an appropriate density of charging infrastructures in the core markets of China, Europe and the USA.



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