The number of NEV models in Europe will more than triple in three years

23 July 2019, 00:19:27

The Transport & Environment (T&E) group for a "smarter, cleaner transport in Europe" predicts that in the next three years the number of electric car models on the European market will more than triple. The numbers include BEVs, PHEVs and fuel cell vehicles, or broadly NEVs. More specifically, at the end of 2018, there have been 60 NEV models and in 2021 there will be a total of 214 NEV models, which will increase to 333 models in 2025.

The largest production sites for EVs will be Germany, France, Spain, and Italy, followed by Slovakia, the Czech Republic, and Hungary. The car industry is also forced to go electric as in 2020/21 the mandatory EU CO2 target of 95g/km comes into effect.

Lucien Mathieu, transport and emobility analyst at T&E, said: "Thanks to the EU car CO2 standards, Europe is about to see a wave of new, longer range, and more affordable electric cars hit the market. That is good news but the job is not yet done. We need governments to help roll out EV charging at home and at work, and we need changes to car taxation to make electric cars even more attractive than polluting diesels, petrols or poor plug-in hybrid vehicles."

Moreover, 16 large-scale lithium-ion battery cell plants are confirmed or likely to come online in Europe by 2023. The confirmed plans alone will deliver up to 131 GWh of battery production capacity, according to data from Benchmark Mineral Intelligence.

Lucien Mathieu concluded: "This is a pivotal moment for Europe's automotive industry. Carmakers are investing €145 billion in electrification, and battery making is finally coming to Europe. Success in this area is a top EU industrial priority. We need to send a clear signal to industry that there is no way back, and agree a phase-out of petrol and diesel car sales in cities, at national and EU level. The age of the combustion engine is coming to an end."

You can check out the full T&E report from the source link below.

Source

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