Electric Mobility: Europe Races Ahead (infographic)

1 April 2021
107 Views

Despite difficult circumstances and the pandemic’s negative impact on the the automotive industry, electric vehicles made a giant leap forward in many countries in 2020. According to estimates from industry tracker EV-Volumes, plug-in electric vehicles accounted for 4.2 percent of global light vehicle sales last year, up from 2.5 percent in 2019. While just eight countries reported an EV share of 5 percent or higher in 2019, 13 countries managed to push electric vehicles past 10 percent of new light vehicle sales in 2020. Like in prior years, Norway was a positive outlier with a 75-percent share of plug-in electric vehicles, while Iceland, Sweden and Finland also featured in the top 5 – a testament to the quick adoption of electric cars in nordic countries. China, which is by far the largest market for electric cars in terms of unit sales, fell out of the top 10 with electric vehicles accounting for 6.2 percent of passenger car sales in the country. Meanwhile the United States fell further behind with an EV share of just 2.3 percent.

While Norway’s policy measures (e.g. tax exemptions, toll exemptions and other incentives) did prove highly effective in promoting electric cars, the Norwegian model cannot be easily transferred to other countries. First and foremost, the country imposes hefty vehicle import duties and car registration taxes, making cars significantly more expensive than say in the United States. By waiving these duties for electric vehicles, Norway is effectively subsidizing EV purchases at a level that a larger country such as the U.S. couldn’t afford. Secondly, Norway is a very wealthy country (ironically thanks to its oil reserves) with a high level of income. According to Norway’s national statistical institute, the country’s median household income after taxes was around $54,000 in 2018, which is roughly level with the United States but more than twice as high as the EU average.

Infographic: Electric Mobility: Europe Races Ahead | Statista

Source: Statista

You may be interested

Coronavirus Greece: New shock with 3,789 new cases, 847 intubated, 87 deaths
GREECE
shares23 views
GREECE
shares23 views

Coronavirus Greece: New shock with 3,789 new cases, 847 intubated, 87 deaths

Panos - Apr 21, 2021

Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 3,789, of which 7 were identified after…

Mitsotakis from the “Iniohos” exercise: We are not naive before the new threats we face (photos)
GREECE
shares9 views
GREECE
shares9 views

Mitsotakis from the “Iniohos” exercise: We are not naive before the new threats we face (photos)

Panos - Apr 21, 2021

The Prime Minister Kyriakos Mitsotakis had the opportunity to see the diverse capabilities of the Armed Forces of Greece and…

Greece ranked among top 8 honeymoon destination on Pinterest
GREECE
shares28 views
GREECE
shares28 views

Greece ranked among top 8 honeymoon destination on Pinterest

Panos - Apr 20, 2021

Greece is ranked among the top 8 honeymoon destinations in the world by users of the Pinterest platform, according to…

Leave a Comment

Your email address will not be published.