EV And PHEV Demand Varies Dramatically Around The World: Report

A new study out of Europe shows sales for electric vehicles (EVs) and plug-in hybrids (PHEVs) vary dramatically between countries.

The Research Capsule report compared current sales and forecasts over the next three years, finding a one percent market share is about as good as it gets for EVs at present.

The report found only five countries will exceed 10,000 EV sales this year, and only one is expected to see a market share for EVs above ten percent in the next five years.

That country is Norway - which has become something of an electric vehicle ‘leader’ in recent years, thanks in no small part to government incentives and adequate charging infrastructure.

Neighbouring Finland shows how influential those government incentives can be, with a far less generous scheme matched by a slower uptake of EV ownership.