EVs could reach 24% EU car market share by 2025, T&E says

By Anna Peverieri and Alessandro Parodi – Reuters

Battery-electric cars (BEVs) sold in the European Union are set to reach a total market share of between 20% and 24% by 2025, mostly because of cheaper selling prices, campaign group Transport & Environment (T&E) said on Tuesday.

EV sales in the EU have slowed in recent months – to a 14% market share in the first half of the year – in part due to diverging policies on green incentives across the bloc, while regulators, seeking to protect EU industry, have imposed hefty tariffs on Chinese cars.

T&E, which in June had forecast a 21% share for next year, anticipates sales will pick up.

It said its new projections take into account the expected arrival in 2024 and 2025 of seven new fully-electric models priced under 25,000 euros ($27,835.00), accounting for 10%-15% of the BEV market next year.