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Europe Electric Vehicle (EV) Market Share

Report ID: GMI6498
Published Date: Aug 2023
Report Format: PDF

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Europe Electric Vehicle Market Share

Major companies operating in the Europe EV market are:

Tesla
Renault
Hyundai Motor Company
Volkswagen AG
Kia Corporation
Mercedes-Benz,
Ford
BYD Compay Ltd.
Solaris Bus & Coach sp. z o.o.
Volvo
Ebusco
Diamler
Zero Motorcycles, Inc.
Niu International
Evoke Electric Motorcycles (HK) Ltd.
Horwingloba
Harley-Davidson, Inc.
VanMoof,
Cowboy,
Giant Bicycles,
myStromer AG
Yamaha Motor.

These major companies are emphasizing strategic partnerships, launching new products, and making significant investments in research to drive market expansion. Their primary goal is to introduce innovative products and generate substantial market revenue through effective commercialization efforts

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for EV in Europe was reached USD 303.6 billion in 2022 and will observe over 16% CAGR between 2023 and 2032.

The passenger vehicle type segment will grow at a commendable pace over 2023-2032, attributed to the stringent emissions regulations and ambitious climate goals that have prompted governments to offer attractive incentives, including subsidies and tax exemptions.

Norway electric vehicle (EV) industry forecast is expected to strengthen over 2023-2032 owing to the generous government incentives, such as tax exemptions and toll discounts, that have made EV ownership financially appealing.

Tesla, Renault, Hyundai Motor Company, Volkswagen AG, Kia Corporation, Mercedes-Benz, Ford, BYD Company Ltd., Solaris Bus & Coach sp. z o.o., Volvo, Ebusco, Diamler, Zero Motorcycles, Inc., Niu International, Evoke Electric Motorcycles (HK) Ltd., Horwinglobal, Harley-Davidson, Inc., VanMoof, Cowboy, Giant Bicycles, myStromer AG, Yamaha Motor.