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EVs in Europe more than tripled since the pandemic

The number of electric cars in Europe has more than tripled since the pandemic. The 5 major markets, representing a total of 70% market share, report an average growth of 74% in EVs. Marking the most giant leap ever taken!

EV Sales in Sweden went up to 45%, followed by Denmark and Finland, which achieved 35% and 31% respectively, showing triple-digit growth.

While EV sales accounted for 26% in Germany, Luxemburg, Austria, and Portugal achieved a share of roughly 20%

Most up-coming Southern European countries, such as Slovenia, Croatia, Greece, Romania, Bulgaria and Poland, are on their way to catching up, displaying triple-digit growth rates during 2021

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Bar chart showing the market penetration of electric vehicles (battery electric vehicles + plug-in hybrid electric vehicles) in various European countries during 2021 as a percentage of total new registrations. Sweden leads with 45%, followed by Denmark (35%), Finland (31%), and the Netherlands (29%). Other countries include Germany (26%), Luxembourg (20%), Austria (20%), Portugal (20%), United Kingdom (19%), and others down to Bulgaria (2%). Source: ACEA, Creditreform Rating.
EV market penetration 2021 | ACEA, Creditreform Rating

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