DUBLIN–(BUSINESS WIRE)–The “Electric Vehicle (EV) Regulation Overview in Key European Markets 2020” report has been added to ResearchAndMarkets.com’s offering.
This study gives a detailed analysis of EV incentives, subsidies, and taxation scenarios in each European country and their impact on EV sales.
The automotive industry is rapidly evolving in terms of technology as well as tackling environmental issues. Electric vehicles have been introduced as a clean energy initiative, as they have low or zero emissions and have come a long way to become an integral part of OEMs’ business strategies. Automakers such as PSA and Volkswagen are creating separate EV business units to be prepared for the expected EV boom in the future.
Asia has been dominating the market up until recently but things have changed in 2020. Europe has emerged as the clear leader as of September 2020 with the continent registering sales of about 800,000 units. Due to the COVID-19 crisis, China registered only 700,000 units compared to around 1,115,000 units in September 2019.
Although Europe had also gone into a temporary lockdown in Q2 2020, to curb the effect, governments have announced stimulus packages that include generous EV subsidies and incentives (doubled in few countries) that have resulted in almost doubling of sales compared to January to September 2019.
Countries across Europe have similar approaches with various types of EV purchase incentives, EV taxation policies, EV infrastructure incentives, and urban access regulations. By far, EV purchase incentives such as cash rebates and scrappage incentives have impacted the most on EV sales as is evident in Germany and France where sales have grown more than 140% and 160%, respectively, from January to September 2020 compared to the same period in 2019.
Favorable EV taxation policies (e.g., exemption from registration and ownership tax on the purchase of EVs) have also led to an increase in demand in Italy and Norway. The creation of low and ultra-low emission zones have also pushed consumers into buying plug-in electric vehicles, especially in the UK, where driving petrol (below Euro 4) or diesel (before Euro 6) vehicle can attract a fine of £12.50 per day in certain low emission zones (LEZs).
Key Topics Covered:
1. Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of Strategic Imperative on the EV Battery Recycling Market
- Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
- European EV Market Overview
- European EV Market Segmentation
3. Executive Summary
- EV Incentives and Regulations in EU-Executive Summary
- Market Evaluation Dashboard-EU Overview
- Market Evaluation Dashboard-Overview of Other EU28 Markets
- Market Evaluation Dashboard-Overview of Other EU28 Markets and Norway
4. Country Profiles-Germany
- EV Incentives and Policies-Germany
- EV Incentives and Policies-Germany
- EV Incentives and Policies-Germany
5. Country Profiles-France
- EV Incentives and Policies-France
- EV Incentives and Policies-France
- EV Incentives and Policies-France
6. Country Profiles-UK
- EV Incentives and Policies-UK
- EV Incentives and Policies-UK
7. Country Profiles-Italy
- EV Incentives and Policies-Italy
8. Country Profiles-Spain
- EV Incentives and Policies-Spain
- EV Incentives and Policies-Spain
- EV Incentives and Policies-Spain
9. Country Profiles-Austria
- EV Incentives and Policies-Austria
10 Country Profiles-Belgium
- EV Incentives and Policies-Belgium
11. Country Profiles-Denmark
- EV Incentives and Policies-Denmark
12. Country Profiles-Portugal
- EV Incentives and Policies-Portugal
13. Country Profiles-Sweden
- EV Incentives and Policies-Sweden
14. Country Profiles-Norway
- EV Incentives and Policies-Norway
15. Country Profiles-The Netherlands
- EV Incentives and Policies-The Netherlands
16. Country Profiles-Poland
- EV Incentives and Policies-Poland
17. Country Profiles-Luxembourg
- EV Incentives and Policies-Luxembourg
18. Country Profiles-Ireland
- EV Incentives and Policies-Ireland
19. Country Profiles-Finland
- EV Incentives and Policies-Finland
20. Country Profiles-Bulgaria
- EV Incentives and Policies-Bulgaria
21. Country Profiles-Romania
- EV Incentives and Policies-Romania
- EV Incentives and Policies-Romania
22. Country Profiles-Hungary
- EV Incentives and Policies-Hungary
23. Country Profiles-Greece
- EV Incentives and Policies-Greece
- EV Incentives and Policies-Greece
24. Country Profiles-Cyprus
- EV Incentives and Policies-Cyprus
25. Country Profiles-Croatia
- EV Incentives and Policies-Croatia
26. Country Profiles-The Czech Republic
- EV Incentives and Policies-The Czech Republic
27. Country Profiles-Slovakia
- EV Incentives and Policies-Slovakia
28. Country Profiles-Slovenia
- EV Incentives and Policies-Slovenia
29. Country Profiles-Malta
- EV Incentives and Policies-Malta
30. Country Profiles-Estonia
- EV Incentives and Policies-Estonia
31. Country Profiles-Latvia
- EV Incentives and Policies-Latvia
32. Country Profiles-Lithuania
- EV Incentives and Policies-Lithuania
- Growth Opportunities
- Growth Opportunity 1-Vertical Market Expansion for Growth in the EV Market, 2020
33. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/z2z96f
