Europe: Tesla, BMW and Nissan drive up the demand for electric vehicles image

In the usual style of the egg versus hen conundrum – if there’s no offer we can’t have demand, the market for electric vehicles has been growing utterly slow. But that’s starting to change, as new entries on the market such as BMW’s i3 and Tesla’s Model S show clients there are broader options available now.

The market for batter-powered electric cars is finally starting to grow (a few years ago executives and analysts thought we would be swarming with electrics), as the automaker manage to sustainably raise the range of their battery-powered models and buyers accept the technology. Analysts at LMC Automotive expect European EV deliveries to climb up to 150,000 – with the best possible scenario putting the figure at 250,000 – by 2020. In comparison, the total global forecast stands at 19.3 million units. While in 2013 just 31,615 electric cars were sold, 2014 should do better, with predictions reaching 53,000 vehicles.

When it comes to popularity, electric cars have their ups and downs – the primary factors for a high acceptance ratios being the incentives and a good charging infrastructure. For example, Norway – a small market – hit the electric jackpot: many tax breaks from the government, a good recharging network and the market for the type simply exploded.

Via Automotive News Europe