Electrified Vehicle Sales Will Hit 849,000 Units Annually in Europe by 2020
Predictions. Predictions. Predictions. Some love 'em. Others, not so much.
Here's the latest plug-in vehicle predictions for Europe, as presented by Navigant Research.
According to the research firm, the European transportation sector will see a vast change in the coming years, partially due to continually rising gas prices. As Navigant says, most European countries have already shown strong support for "small, efficient gasoline- and diesel-engine" vehicles. This, says Navigant, shows that Europeans are not fond of paying high fuel prices and, therefore, will gradually turn more and more towards plug-in vehicles. cars
"In the coming years, national energy policies and the increasing availability of electric vehicle charging infrastructure will help fuel strong growth in the market for plug-in electric vehicles (PEVs)."
Navigant Research's most recent report on Europe now predicts that sales of PEVs will "grow from fewer than 37,000 in 2012 to more than 669,000 in 2020." That's a ton of growth, so how's it going to happen? David Alexander, senior research analyst with Navigant Research, says it'll happen like this:
We Need More, Says Navigant
"Governments and private entities are taking steps to alleviate range anxiety, which has been a significant barrier to growth in this market. Charging infrastructure is being installed rapidly in many countries throughout Europe, and fast charging stations are now planned on many motorways to allow the wider use of PEVs. There is even a project underway to allow a charging subscription in one country to be made effective all over Europe."
So, charging infrastructure is key? No longer is there talk of prices for plug-in vehicles being too high. It now seems Navigant is saying that an established public charging infrastructure alone is what will fuel growth. Do you agree?