Electric vehicles outlook

In absolute numbers, the EU EV fleet grew significantly between 2020 and 2024, with an average annual growth rate of almost 50%. However, the EU fleet size share, around 5%, remains limited compared to the total EU vehicle fleet size. Following this growth pace, the EU is unlikely to reach its zero-emission vehicle targets by 2030. Studying the new EV registrations share of the total vehicle registrations can help understand the potential of the EV uptake in the future.

The passenger car is the leading EV category in terms of the share of new EV registrations, reaching around 20.8% in 2024. This share decreased compared to the share of 2023 (22.3%). Germany, which has the largest EV fleet in the EU, contributed to this decrease as it witnessed a decline of 18% of n