2020 has been a year of continuous growth for the European plug-in electric car market as the latest reports by Electric Vehicles (EV) Sales Blog suggest a near-record 74,663 new passenger plug-in car registrations. This is 121% more than a year ago and the first three-digit growth rate since 2015. Consequently, 2021 is likely to be a tipping point for the EV market.
Crux of the Matter
What Do the Numbers Say? Electric car deployment has grown at a speedy rate in the past date, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from the previous year. Currently, all-electric cars stand for 52% of total plug-in Electric Vehicle sales, compared to roughly two-thirds in 12-months of 2019. That’s because plug-in hybrids rebounded and are growing much quicker – by 174% year-over-year, compared to 89% in the case of all-electric cars.
Who is the Most Popular of Them All? The ranking system is interesting to study since there have been many changes in 2020 when compared to the statistics observed in 2019. The Renault ZOE set its new record of almost 10,000 sales (9,782), and was followed by another French model, the Peugeot e-208 (3,897) and falling not far behind is Volkswagen e-Golf (3,296), Nissan LEAF (3,177) and Mitsubishi Outlander PHEV (3,149).
The biggest gain among manufacturers seems to be achieved by the PSA Group, which sold more than 12,000 plug-ins in January. European consumers being so interested in small electric cars is a good sign for the future of electric vehicles on the continent.
Forecast of an Electric Surge The current production forecasts show that most carmakers are ready to embrace electrification and are leaving behind the ‘technology neutrality’ approach, focusing on scaling up electric car volumes instead. After several years of timid growth, the number of Electric Vehicle models produced across the EU is about to surge to new heights. 60 battery-electric (BEV), plug-in hybrid (PHEV) and fuel cell (FCEV) models that were first available at the end of 2018, have reached 176 models in 2020 while 333 models are now expected in 2025. Most importantly, the mandatory EU CO2 target of 95g/km would be fully implemented by then.
Congratulations Tesla team on making our 1,000,000th car!! pic.twitter.com/5M99a9LLQi — Elon Musk (@elonmusk) March 10, 2020
Curiopedia
Tesla Model 3 is an electric four-door sedan developed by Tesla. The Model 3 Standard Range Plus version delivers an EPA-rated all-electric range of 250 miles (402 km) and the Long Range versions deliver 322 miles (518 km). At least one Model 3 was driven 606.2 miles (975 km) on a single charge.The Model 3 carries full self-driving hardware, with periodic software updates adding functionality.
The official launch and delivery of the first 30 cars was on July 28. On July 1, 2018, Elon Musk announced that Tesla had met its production goal of 5,000 cars in a week.Total deliveries passed the 100,000-unit milestone in October 2018, and cumulative sales since inception totaled 448,634 through December 2019.The Model 3 topped global sales of plug-in electric cars in 2018, and also listed as the top-selling plug-in passenger car in the U.S and California in 2018. More Info
Curated Coverage
Comments