auto

EU Streets Ahead Of US In EVs – Electronics Weekly


Come 2026, Statista analysts estimate that there will be 4.4 million EVs sold in E.U. countries, compared to just 1.9 million in the United States – that equates to 997 and 556 vehicles per 100,000 people (using 2022 population figures), respectively.

From 2016 to 2019, the U.S. was actually ahead in terms of adoption, but Europe rapidly became the pacesetter.

Statista estimates EV revenues in the European Union to amount to $120 billion in 2022, compared to just $35 billion in the U.S.

By 2026, revenues in the E.U. are set to surpass the $300 billion mark. In contrast, in the same year the U.S. should break the $100 billion barrier for the first time.

In the scope of the estimates are battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), road electric vehicles and passenger cars. Not included in the analysis are electric vehicles that are not self-contained and cannot be classified as BEVs or PHEVs, rail electric vehicles, surface and underwater vessels, electric aircraft or spacecraft, motorcycles, scooters, mopeds, buses, vans, and trucks.





READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more