PR Newswire
DUBLIN, Feb. 25, 2021
DUBLIN, Feb. 25, 2021 /PRNewswire/ -- 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
2. Growth Opportunity Analysis
3. Executive Summary
4. Country Profiles-Germany
5. Country Profiles-France
6. Country Profiles-UK
7. Country Profiles-Italy
8. Country Profiles-Spain
9. Country Profiles-Austria
10 Country Profiles-Belgium
11. Country Profiles-Denmark
12. Country Profiles-Portugal
13. Country Profiles-Sweden
14. Country Profiles-Norway
15. Country Profiles-The Netherlands
16. Country Profiles-Poland
17. Country Profiles-Luxembourg
18. Country Profiles-Ireland
19. Country Profiles-Finland
20. Country Profiles-Bulgaria
21. Country Profiles-Romania
22. Country Profiles-Hungary
23. Country Profiles-Greece
24. Country Profiles-Cyprus
25. Country Profiles-Croatia
26. Country Profiles-The Czech Republic
27. Country Profiles-Slovakia
28. Country Profiles-Slovenia
29. Country Profiles-Malta
30. Country Profiles-Estonia
31. Country Profiles-Latvia
32. Country Profiles-Lithuania
33. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/15rm33
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SOURCE Research and Markets