Electric vehicles will represent as much as 24 % of new cars sold in Europe next year, according to a report by think tank Transport & Environment (T&E).
"EV sales are expected to rise to 24 % market share in 2025, supported by an expansion of mass market EV offerings," the report said.
After three years of growth, EV sales slipped this year and represented just 14 % of new car sales in Europe in the first half of 2024.
Higher sales in the Netherlands, Spain and Italy have not made up for a decline in Germany, Europe's largest market, after a surprise cut to public subsidies there.
But a slew of new, more affordable models expected in 2025, should boost sales throughout the region, T&E said.
A study presented on September 11 by BMI Research (a firm associated with Fitch) also forecast strong sales growth for EVs in Europe, driven by purchases by corporate fleets and long-term rental companies.
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