Electricity production in Europe will reach 4 million by 2025



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Transport & Environment (T & E), a leading environmental company, has announced a study indicating that the number of electric cars in Europe would increase in the near future. According to forecasts for 2021, 214 electric vehicle models will be available on the European markets, compared to about 60 in 2018. For the year 2025, they should exceed 330, reports the BNR.

"The electric car market was until now limited to enthusiasts and environmentalists, but very soon these vehicles will become a mbad production," says T & E's badysis.

According to the company, between 2019 and 2025, the production of electric cars in Europe is expected to be multiplied by 6 and exceed 4 million cars, to reach a market share of about 20%.

The largest manufacturers are German, French, Spanish and Italian companies, as well as factories in Slovakia, the Czech Republic and Hungary.

All major European manufacturers – Volkswagen, BMW and Daimler, PSA and Renault-Nissan-Mitsubishi are increasingly relying on electric models, according to an badysis that companies such as Fiat Chrysler, Ford and Tesla would also be present.

According to Lucien Mate, an badyst at T & E, European standards for carbon dioxide emissions will lead to increasingly powerful and affordable electric cars. However, he points out that there is still much to be done, especially to build charging stations and modify tax laws to encourage consumers to prefer electric cars to gasoline and diesel.

European companies have invested a total of $ 163 billion in the development of the electric car.

Sales in Europe are currently growing, although about 60% of electric vehicles are purchased in Norway.

In the United States, 208,000 new electric cars were registered in 2018 and, although this is a negligible part of the market, there is a 100% increase over 2017 , according to IHS Markit.

The company notes that gasoline and diesel cars will dominate the market for at least another decade, but the end of internal combustion engines is near.

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