EV sales prospects in central and eastern Europe

Electric vehicle (EV) sales in Central and Eastern Europe (CEE), a region with a population of over 100 million people and a solid macroeconomic environment, are anticipated to cross the 60,000 mark by 2017 and witness even stronger growth post 2017, generating revenue opportunities for existing and new market participants in the e-mobility area.
June 15, 2012 Read time: 1 min
Electric vehicle (EV) sales in Central and Eastern Europe (CEE), a region with a population of over 100 million people and a solid macroeconomic environment, are anticipated to cross the 60,000 mark by 2017 and witness even stronger growth post 2017, generating revenue opportunities for existing and new market participants in the e-mobility area.

New analysis from Frost & Sullivan, 360 Degree Perspective Of The Central And Eastern European Electric Vehicle Industry, finds that  the industry is expected to reach unit shipments of around 62,000 units by 2017, increasing from approximately 245 unit shipments in 2011 due to increasing demand for convenient, eco-efficient and sustainable mobility solutions predominantly in dynamically developing urban areas as well as due to anticipated optimisation of the supply chain and, therefore, substantial EV cost reductions.

“Rising personal incomes, the process of urban sprawl and changing mobility preferences in CEE are fuelling the demand for new sustainable solutions in personal mobility,” notes Frost & Sullivan senior consultant Vitaly Belskiy. “This will catalyse the development of the EV market until 2017.”

Related Content

  • Intelligent mobility leverages user-focused smartphone business model
    November 13, 2015
    New analysis by Frost & Sullivan claims the mobility network will draw inspiration from the user-interface oriented and service-driven, smartphone business model, to render car ownership an option for consumers. The subscription and user model of accessing vehicles will coexist alongside the traditional sales and ownership model, thereby enabling mobility-on-demand solutions for every commuting need. Even though the analysis, The Future of Intelligent Mobility and its Impact on Transportation, expects a
    Read More
  • Rising awareness of car sharing concept set to increase uptake
    May 7, 2013
    According to Frost and Sullivan, whilst car sharing as a concept has existed for several years, the uptake rates and emergence of new players in the traditional as well as peer to peer (P2P) car sharing market has proliferated in the last five years. Member numbers increased by over 90 per cent between 2008 and 2012, growing from 500,000 to over 940,000 and, says Frost & Sullivan, this trend is set to continue. In an forthcoming web conference, Car Sharing – The Voice of the Consumer, on Tuesday, 14 May 201
    Read More
  • Nearly half of vehicles produced annually by 2017 will have fleet management systems
    March 22, 2012
    Vehicle OEMs have traditionally focused on their core competency of vehicle usage and vehicle analysis, rather than transport operation. This has placed them at a disadvantage to independent aftermarket telematics vendors, whose core competence is in transport operation. OEMs have typically limited client contact after selling the vehicle. But this is expected to change once OEMs gradually start offering fleet management systems (FMS) as a standard in their models.
    Read More
  • Global powertrain market experience immense growth, say researchers
    April 21, 2017
    The latest report from Frost & Sullivan indicates that the global powertrain market is experiencing immense growth as new low-emission technologies such as engine downsizing and rightsizing; direct injection; turbocharging; transmission electrification; and electric vehicle (EV), hybrid and gasoline engines transform the industry. Original equipment manufacturers (OEMs) are embracing platform strategy as a tool to improve the energy efficiency of powertrain systems and to achieve fleet level CO2 compliance
    Read More

Highlighted Content