EU EV Market Being Left Behind by China, UK, Thailand, and Vietnam!

As part of T&E’s analysis of the EU’s electric vehicle market trends in relation to the EU’s CO2 emissions target changes for the auto industry, the organization compared BEV share of auto sales in the EU to BEV share of auto sales in several other markets. Some of the results were fascinating!

Mexico and India aren’t bathing themselves in glory here, with just about 5% of their auto sales being BEVs at the moment. However, Indonesia is getting close to the EU’s level, and the growth rate for BEV share is superb. At this rate, Indonesia should pass the EU by the end of the year!

However, the bigger story is the countries that are already well above the EU as a whole. The UK and Thailand have a far higher BEV share of their auto sales, China has about twice as high of a BEV share, and then Vietnam is up there in a league of its own! Kudos to Vietnam, and the line graph does make it look like much more is around the corner.

The EU has nearly stagnated in the past two years. It seems like it needs a kick up the butt to get back on track.