European electric car market is estimated to grow at a CAGR of more than 22.0% during the forecast period. Cohesive government regulations, target to reduce carbon emission due to environmental concerns, and high subsidies offered by the government are some of the major factors driving the growth of electric cars in Europe. In 2019, the market share of electric cars was only 3.6% which is providing a significant opportunity to the EV market in the region. Moreover, new electric car launch, entry of Chinese electric car makers, further development of electric vehicle charger, testing on new charging technology such as wireless charging are providing also providing a significant opportunity to the electric car market in the region. As per the European Automobile Manufacturers Association, around 564,000 electric cars were sold in Europe with a growth of 45.5% in 2019 out of which around 365,000 were battery electric vehicles whereas others were plug-in electric vehicles. 

Visit for Global Electric Car Market Report at: https://www.omrglobal.com/industry-reports/electric-car-market 

The market is analyzed on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is further segmented into hatchback, sedan, and SUV. During the forecast period, Sedan is expected to have a major market share in the region. On the basis of propulsion technology, the market is sub-segmented into battery electric vehicles and plug-in hybrid electric vehicles. The battery-electric vehicle is expected to augment with the highest growth rate with a major market share during the forecast period. By battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries vehicle is expected to cover a major market share in the near future. By geography, the market is segmented into Germany, UK, Norway, the Netherlands, Spain and Rest of Europe. Germany is expected to hold a major market share during the forecast period. The rest of Europe is expected to show a significant growth rate during the forecast period. 

Some of the companies which are contributing significantly in the market include AB Volvo, Tesla, Inc., Audi AG, Daimler AG, Groupe PSA, Hyundai Motor Co., Jaguar Land Rover Ltd., Kia Motors Corp., Mitsubishi Motors Corp., Nissan Motor Co., Renault Group, and Volkswagen AG. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Government Websites

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Electric Car Market Research and Analysis by Vehicle Type 
2. European Electric Car Market Research and Analysis by Propulsion Technology
3. European Electric Car Market Research and Analysis by Battery Type

The Report Covers

• Comprehensive research methodology of the Europe Electric Car Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Europe Electric Car Market.
• Insights about market determinants which are stimulating the Europe Electric Car Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.