In the beginning of 2023, there were nearly 14,400 euros available in electric vehicle purchase incentives in the Netherlands for consumers buying an electric compact sport-utility vehicle. This was by far the largest incentive amount recorded across the six countries analyzed, with France coming in second with close to 7,800 euros in total financial incentive. France was the only country among the six surveyed to not offer ownership tax reduction, instead offering the largest purchase grant.
The growing European EV market
European electric vehicle sales increased in 2022, up by some 15 percent year-over-year. While the European market did not record a growth as quick as the Chinese market (up 82 percent year-over-year across the same period), its EV market has struggled to maintain a steady growth. Quarterly electric vehicle sales in Europe shot up in 2020, as consumers were looking for more sustainable commuting alternatives amid the COVID-19 pandemic, and have been oscillating through 2022. The European Union's commitment to ban the sale of internal combustion engine vehicles in 2035, excluding e-fuels, could partly help the EV market expand.
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Dataforce. (February 21, 2023). Electric vehicle financial purchase incentives in selected European countries as of the first quarter of 2023, by type of inventive (in euros) [Graph]. In Statista. Retrieved December 02, 2024, from https://www.statista.com/statistics/1367886/ev-purchase-incentives-in-selected-european-countries-by-type-of-incentive/
Dataforce. "Electric vehicle financial purchase incentives in selected European countries as of the first quarter of 2023, by type of inventive (in euros)." Chart. February 21, 2023. Statista. Accessed December 02, 2024. https://www.statista.com/statistics/1367886/ev-purchase-incentives-in-selected-european-countries-by-type-of-incentive/
Dataforce. (2023). Electric vehicle financial purchase incentives in selected European countries as of the first quarter of 2023, by type of inventive (in euros). Statista. Statista Inc.. Accessed: December 02, 2024. https://www.statista.com/statistics/1367886/ev-purchase-incentives-in-selected-european-countries-by-type-of-incentive/
Dataforce. "Electric Vehicle Financial Purchase Incentives in Selected European Countries as of The First Quarter of 2023, by Type of Inventive (in Euros)." Statista, Statista Inc., 21 Feb 2023, https://www.statista.com/statistics/1367886/ev-purchase-incentives-in-selected-european-countries-by-type-of-incentive/
Dataforce, Electric vehicle financial purchase incentives in selected European countries as of the first quarter of 2023, by type of inventive (in euros) Statista, https://www.statista.com/statistics/1367886/ev-purchase-incentives-in-selected-european-countries-by-type-of-incentive/ (last visited December 02, 2024)
Electric vehicle financial purchase incentives in selected European countries as of the first quarter of 2023, by type of inventive (in euros) [Graph], Dataforce, February 21, 2023. [Online]. Available: https://www.statista.com/statistics/1367886/ev-purchase-incentives-in-selected-european-countries-by-type-of-incentive/