As China cuts financial support, Europe will become a hotspot for e-mobility in 2020. According to analysts, 2.5 million electric cars will be sold worldwide. Cheaper batteries, more charging stations and an increase in sales of electric cars - the analysts from Bloomberg-NEF, which specializes in electric mobility, have published their forecasts for 2020. According to these forecasts, 2.5 million electric cars will be sold worldwide in the current year. Growth is particularly strong in Europe, which is set to become the new hotspot for electromobility. The reason for the predicted change is that the Chinese government wants to cut back its financial support for manufacturers and e-car buyers. However, the reduction in the corresponding subsidies is expected to be less severe than originally feared. The number of electric cars sold in Europe is expected to increase by 60 percent to 800,000, according to Bloomberg analysts.
So is Europe now the new hotspot for electric mobility? Espen Hauge, president of the European Association for Electromobility, AVERE, provides the answers.
Published: September 17, 2020
Espen Hauge is the President of the World Electric Vehicle Association (WEVA) and of AVERE – the European Association for Electromobility, that promotes electromobility and sustainable transport across Europe. He has been engaged on the EV scene for 15 years. Under his leadership the Norwegian Association has grown exponentially, AVERE has celebrated successful international events like EVS30 in Stuttgart 2017, AEC2018 in Brussels.