LeasePlan EV Readiness Index 2022

2 min to readLeasePlan Studies
The lack of charging infrastructure remains a major roadblock preventing the adoption of electric vehicles across the continent, despite increased interest from European drivers in electrical vehicles.
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This is the main finding of LeasePlan's EV Readiness Index 2022 (available here) – a comprehensive analysis of the preparedness level of 22 European countries for the electric vehicle revolution. The Index is based on three factors: number of EV registrations, maturity of EV infrastructure and government incentives in each country.

Portugal ranks 11th among the 22 countries analysed, with no significant evolution in terms of the maturity of the EV market, compared to 2021. Note, however, an excellent TCO (total cost ownership) score, mainly due to subsidies to purchase and tax incentives existing in the country. The score for charging infrastructure was reduced by 1 point, revealing that charging infrastructure continues to score relatively low in Portugal, in line with the European trend.

Main conclusions

  • EV absorption has increased significantly in almost all markets. This reflects the growing popularity of EVs in all European countries as more models become available in all segments.

  • Charging infrastructure is still lagging behind, creating a charging shortage as EV registrations rapidly increase. This highlights the urgent need for governments to invest in robust and reliable public infrastructure across Europe.

  • EVs are more affordable than ever. Cost competitiveness is mostly driven by comparatively lower energy prices for EVs (especially when compared to rising diesel and gasoline fuel prices) and by more beneficial tax regimes for EV drivers.

  • Norway ranked highest in terms of EV readiness, the Czech Republic and Poland ranked the lowest, while Greece had the biggest score increase compared to 2021.

The total lack of action by governments on electric vehicle infrastructure is creating a charging shortage in Europe. As the supply of new electric vehicle models increases and prices fall, more people are opting for EVs, and if charging infrastructures do not keep up with this growth, finding available charging stations will become increasingly difficult.

This report should be a wake-up call to the need to invest in a comprehensive European charging infrastructure. The transition to electric driving is one of the most effective ways to combat climate change and governments need to make it easier, not harder, for everyone to make the transition.

Tex GunningCEO of LeasePlan

LeasePlan is at the forefront of the clean mobility revolution: Electric and plug-in hybrid car deliveries reached a record 31.8% of all new activations in Q4 2021.

LeasePlan is committed to achieving net zero emissions from its financed fleet by 2030. And is also a founding partner of the Climate Group's EV100 initiative, a global business initiative aimed at accelerating the uptake of EVs and infrastructure among the main worldwide companies.

EV Readiness Index 2022 Scores

Published at April 19, 2022

April 19, 2022
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