DUBLIN, October 6, 2017 /PRNewswire/ --
The "European New Energy Vehicle Industry Report, 2017-2021" report has been added to Research and Markets' offering.
At present, Renault-Nissan Alliance takes the leading position in European electric vehicle market, but European automakers like Volkswagen, BMW and Daimler also spare no efforts to advance their electrification strategies.
Daimler vows to make investments of EUR10 billion in EV field in the next five to seven years; Mercedes-Benz will launch over 10 EV models by 2025, and then EV will occupy 15%-25% of its total sales.
In current stage, BMW has two EV segments: i series (i3 and i8) and iPerformance (PHEV models). BMW will devote itself to iNext strategy in the next decade.
Volkswagen will unveil 17 new energy models before 2020, and introduce its MEB (Modular Electrification Toolkit) pure electric platform to complete EV strategic layout. 13 of the 17 models will be developed based on the existing MQB and MLB platforms, and the other 4 models will be I.D. series BEVs, employing MEB platform. Volkswagen will reconstruct several plants in Germany and build EV production lines to make MEB-based EVs.
Given the global trend towards accelerating CO2 emission reduction, fuel efficiency standards will be further tightened. Stronger policy to push the expansion of EVs may be put into place, but policy is not the only important factor. Technological advances are crucial as well. While lithium-ion battery prices3 are decreasing, energy density and thus driving range is increasing. In October 2016, a succession of EV models with a range of around 300 km debuted at the Paris Motor Show. In 2020 and beyond, models with a range of over 500 km may hit the road, due to greater battery performance. Lightweighting, or reducing vehicle body weight, is another key factor.
Norway will lead Europe in proliferating EVs, followed by the Netherlands, and large countries such as France, the UK, and Germany. Should the current incentives to promote the adoption of EVs remain unchanged, it will be post-2020 that EVs enter a period of expansion in the major markets. By then, the total cost of EV ownership is expected to further decrease. Technological advances such as improving battery performance and lightweighting materials would contribute to acceleration of EVs becoming popular throughout Europe.
Key Topics Covered:
1 European Automobile Market
2 Subsidy Policies and Electrification in Major European Countries
3 European New Energy Vehicle Market
4 European New Energy Passenger Car Manufacturers
5 European New Energy Bus Manufacturers
6 Outlook for New Energy Vehicle Market
For more information about this report visit https://www.researchandmarkets.com/research/r2vlk7/european_new
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets
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