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

  • Heavy cost of car safety systems gives buyers pause
    September 11, 2013
    New research by Frost and Sullivan finds that constant technological innovations in automotive safety warrant frequent updates to legislation. With the number of fatalities and injuries on the rise, legislative authorities in Europe are taking a keen interest in the safety of pedestrians, passengers and drivers. This enhanced focus on safety has far-reaching ramifications for the automotive industry.
    Read More
  • Legislation will drive market for telematics systems in Europe, Russia
    December 5, 2012
    According to a new report from Frost and Sullivan, the European automotive navigation market will witness a shift towards integration and a continual trend towards low-cost connected navigation, which will become a commodity. With Smartphone replication technologies, Smartphone-based navigation inside cars will dominate the market, serving all car segments. The eCall in Europe and ERA-GLONASS in Russia, which mandate automated emergency response systems in vehicles, will lead to Europe becoming one of the b
    Read More
  • Rise of smart cities spawns market for smart vehicle technology in the US
    November 15, 2013
    According to recent research by Frost & Sullivan, there is a palpable reorientation of purchasing habits among American citizens as the country continues its march toward urbanism. In the future, 85 percent of the country’s population is anticipated to live in urban areas, while North America could see the emergence of three mega cities, eleven mega regions, and seven smart cities by 2025. One of the biggest gainers of this massive-scale urbanisation is the automotive industry, particularly autonomous drivi
    Read More
  • Technology overcomes EV range challenges
    February 4, 2013
    According to new analysis from Frost and Sullivan, Strategic Analysis of Global Market for Range Extenders, major challenges currently faced by the electric vehicle (EV) revolve around the inability to provide long range in a single charge as well as the lengthy charging times that can vary from thirty minutes to ten hours. This has limited the number of adopters for EVs. Range extender technology overcomes these challenges, strategically positioned to make strong gains in the EV market. Currently, the mark
    Read More

Highlighted Content