European Automotive Industry in the Century of Asia

The IEA predicts that by 2030, EVs will account for 15% of the global passenger car fleet, rising to 18% in Europe and 25% in China. Fig. 1.10: Projected share of EVs in passenger cars by 2030

Source: IEA; BEVs and PHEVs; according to the Stated Policies Scenario (STEP), i.e., the policy settings for EVs in each country By 2030, the share of EVs in new passenger car sales is expected to reach 36% globally, 58% in Europe, and 62% in China. While the 2020 projection assumed that Europe would achieve a higher EV sales share than China, current figures suggest that China will dominate by 2030. Fig. 1.11: Projected EV share of passenger car sales to 2030

Source: IEA; BEVs and PHEVs; according to the Stated Policies Scenario (STEP), i.e., the policy settings for EVs in each country

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