Electric vehicle revolution now reaching all corners of Europe, according to LeasePlan EV Readiness Index 2019
Driving an electric vehicle (EV) is now a viable option in an increasing number of European countries. This is the conclusion of new research, published by LeasePlan, ahead of this year’s World Economic Forum (WEF) in Davos.
The Index shows that Norway, the Netherlands, Sweden and Austria are now the best prepared countries in Europe for the electric vehicle revolution.
For the first time, all countries in the Index have shown an improved score compared to last year, signalling increased EV readiness across the continent, although the rate of improvement varies significantly across Europe. Improvements in EV readiness were mainly due to an improvement in charging infrastructure and a greater availability of EV models, providing consumers with real choice. LeasePlan’s EV Readiness Index 2019 is a comprehensive analysis of the preparedness of 22 European countries for the electric vehicle revolution.
The Index is based on four factors: the maturity of the EV market (also including plug-in hybrids), the maturity of EV infrastructure, government incentives and LeasePlan’s experience with EVs in each country.
Highlights from the research include:
• Compared to last year, all 22 countries in the LeasePlan EV Readiness Index 2019 have shown an improvement in EV readiness, mainly due to a greater availability of new EV models with longer ranges and improved charging infrastructure.
• Finland (+7 places), Germany (+4) and Portugal (+4) improved their ranking significantly, as a result of better charging infrastructure, a higher percentage of EV registrations and more attractive government incentives.
• EV market share is now in the mid-single digits in Portugal (3.1%), the Netherlands (5.1%), Finland (5.2%) and Sweden (7.6%), while Norway remains the undisputed leader with EVs accounting for 53% of all newly registered vehicles.
• The Netherlands has the most public charging plugs available (83,196), followed by Germany (37,405) and France (34,558). When adjusted for population size, the top three countries are now the Netherlands (4.8 charging plugs per 1,000 inhabitants), Norway (4.5) and Luxembourg (1.9).
• Austria, Ireland, Germany and the Netherlands scored the highest in terms of government support for EVs, including purchase subsidies, registration tax benefits, ownership tax benefits, company tax benefits and VAT benefits.