Electric cars will be ‘mainstream’ by 2021 with number of models available set to triple

Electric cars will be ‘mainstream’ by 2021 with number of models available set to triple
Electric cars will be ‘mainstream’ by 2021 with number of models available set to triple

Electric cars are on the brink of becoming “mainstream” in Europe, with 2020 and 2021 expected to be a “tipping point” for the market.

The number of electric vehicle models produced across the EU is “about to surge to new heights” following several years of “timid growth”, according to a report from the European Federation for Transport and Environment (T&E).

‘Three times more electric car models’

Until recently, the market was limited to a niche of early adopters but now manufacturers across Europe are preparing to bring electrically powered cars to the masses, the report, based on data from the UK-based research firm IHS Markit, states.

The number of electric car models available on the market is expected to triple from about 60 at the end of 2018 to 176 in 2020. By 2021 this figure is predicted to stand at 214 models, leaping to 333 in 2025, projections show.

Carbon emissions targets

A Bluecity electric car, part of a car sharing scheme, is charged at a Source London electric vehicle (EV) charging point in London on December 19, 2107. / AFP PHOTO / Justin TALLIS (Photo credit should read JUSTIN TALLIS/AFP/Getty Images)
Electric charging points have become a common sight across the UK (Photo: JUSTIN TALLIS/AFP/Getty Images)

Mandatory EU targets capping average CO2 emissions for new cars at 95g/km, down from 130g/km, kick in from 2020.

Carmakers across the EU are ramping up production of electric vehicles to meet this requirement, particularly in western Europe.

However, the report notes, “there is huge uncertainty as to whether the production plans will be delivered” in the UK due to Brexit uncertainty.

Transport is Europe’s largest source of carbon emissions contributing 27 per cent to the EU’s total CO2 emissions, with cars contributing 44 per cent, according to the European Environment Agency.

Market demand

Based on the current productions forecast, carmakers are expected to produce more electric vehicles in the EU than that which is necessary to comply with the minimum requirements of the EU CO2 emission reduction standards, T&E predicts.

Around one fifth (22 per cent) of cars and vans in 2025 will be electric if makers follow through on the current production forecast, higher than the average 15 per cent of electric vehicle sales share needed, it said.

“Carmakers are already planning for sales beyond the regulatory compliance as they foresee a market driven demand for electric cars,” the report adds.

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