Key Market Indicators
Germany is set to lead the European electric vehicle market, with registrations expected to hit half a million units by 2026. The number of electric vehicles in the country has grown by an impressive 76.1% since 2017. In 2021, registrations are estimated to reach 369,540 units before increasing further at an annual rate of 5.3% to reach 504,940 by 2026. France, Norway and Sweden follow in second, third and fourth place respectively.