Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

European automakers have appealed for appropriate incentive measures for increasing electric vehicle (EV) sales across all EU nations. This move came after the European Automobile Manufacturers’ Association (ACEA) released a report stating that the purchase of EVs is directly linked to a country’s per capita income. 


Western European countries account for up to 15pc of the total EVs purchased in the EU while Central and Eastern European countries contribute to 3pc of the sales. These countries also see the lowest charging stations accounting for only 1pc of the total number within the Union.


With the overall sales of EVs increasing, the European Environmental Agency recorded a 12pc decline in CO2 emissions in 2020 compared to 2019, which makes it even more necessary to make EVs affordable to everyone.


According to the association, countries with the highest EV shares are Sweden at 32.2pc, the Netherlands at 25pc, Finland at 18.1pc, Denmark at 16.4pc, and Germany at 13.5pc. Countries with lowest EV shares are Cyprus at 0.5pc, Lithuania at 1.1pc, Estonia at 1.8pc, Croatia at 1.9pc, and Poland at 1.9pc. 

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