Electric surge: Carmakers' electric car plans across Europe 2019-2025

In July 2019, T&E has released its EV report on carmakers’ EV plans across Europe up to 2025.

The analysis uses data from authoritative industry source IHS Markit which shows that after several years of timid growth, it is clear most manufacturers are ready to embrace electrification.

• EU carmakers will be producing 214 electric models in 2021 (92 BEVs, 118 PHEVs and 4 FCEVs) - up from the 60 available at the end of 2018.
• IHS Markit predicts that if carmakers deliver on their current plans by 2025, 22% of vehicles produced in the EU could have a plug. That's more than enough to meet the EU’s car CO2 standard for that same year
• Production plans for other alternative drivetrains are almost non-existent: only 9,000 fuel cell cars are set to be produced by 2025 compared to 4 million electric cars.
• Production of compressed natural gas cars would account for fewer than 1% of vehicles produced in Europe by the mid-2020s, according to IHS Markit.

T&E also shows, based on IHS Markit forecasts, where the EV production will go:

• The biggest production centres are set to be in western Europe - Germany, France, Spain and Italy.
• But Slovakia is forecast to be making the highest number of EVs per capita by 2025. Czech Republic and Hungary will also be significant production centres.
• The UK remains uncertain as the forecasted EV production growth could easily be reversed in the case of a ‘no deal’ Brexit.

Finally, T&E is packaging its publication of the IHS Markit data along with data on European battery production from Benchmark Mineral Intelligence:

• Battery manufacturers currently are plan for 16 large-scale lithium-ion battery cell factories in Europe by 2023
• These will deliver up to 131 GWh of battery production capacity, says Benchmark Mineral Intelligence - enough to cover the 130 GWh T&E estimates that will be needed by EVs and stationary storage batteries across Europe in 2023.

Press release here

Find the report here

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