European Electric Vehicle Market - Opportunity Analysis and Industry Forecast (2021-2028)
The European Electric Vehicle Market is expected to record a CAGR of 42.4% from 2021 to 2028 to reach $1,300.14 billion by 2028. By volume, this market is expected to reach 38.3 million units by 2028 at a CAGR of 27.9% during the forecast period. Meticulous Research®—a leading global market research company, published a research report titled “European Electric Vehicle Market by Vehicle Type (Passenger Vehicle, LCV, HCV, Two-wheeler, e-Scooters & Bikes), Propulsion Type (BEV, FCEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use, Charging Standard, and Country. The growth of this market is attributed to supportive government policies and regulations, rising environmental concerns, and increasing adoption of electric mobility in Europe. The growing adoption of autonomous driving vehicles, increasing adoption of electric vans and trucks for delivery, and increasing shared mobility trends offer lucrative growth opportunities for players operating in t...