Energy experts are optimistic about the European EV and charging market in the next three years, but some have concerns for the short-term.
During LCP Delta’s webinar this week, sharing highlights from the Electric Vehicle Charging Research Service (EVCS), it was revealed that while most attendees are optimistic about the European EV and charging market in the next three years, there are some concerns in the short-term.
The webinar poll results of 94 attendees include the following:
- 49% were ‘cautiously positive’ about the medium/long-term trend towards fully electric being clear but recognised that there are lots of challenges to overcome in the short-term.
- 40% were ‘optimistic’. They said that there is lots to be excited about in the years ahead, and some bumps in the road won’t stop the momentum.
- 5% were ‘super-positive’, believing the transition to fully electric transport is well underway, and we’ll see strong growth in EV sales in the years ahead.
- 5% were ‘somewhat negative’ and believe the next years are going to be very challenging; the mass market is not ready to convert to EVs.
- None were ‘EV sceptics’, believing there is no long-term future for EVs.
In the webinar, LCP Delta’s EV team also highlighted forecasts for battery electric vehicle (BEV) and plug-in hybrid electric vehicles (PHEV) sales out to 2035, with a predicted figure of 100 million EVs on the road in Europe’s top eight vehicle markets by 2035.
John Murray, Head of EVs at LCP Delta, commented: ‘The EV charging industry is, in many respects, entering a new phase. The triple-digit growth rates we witnessed in the previous few years are a thing of the past. EV purchase subsidies in many countries have been watered down or removed entirely. The cost-of-living crisis has bitten hard for many. And, in some quarters, there is a rising tide of EV misinformation being promoted in the media. Therefore, there is a growing need for independent, reliable and informed insights and opinions on what the future holds in the years ahead. ’