PwC: The number of electric cars and hybrids will double to 65 million in five years

PwC: The number of electric cars and hybrids will double to 65 million in five years

PwC: The number of electric cars and hybrids will double to 65 million in five years

Prague – In the next five years, the number of electric and hybrid cars in the world will more than double from an estimated 30 million this year to 65 million in 2028. The fastest to develop the market of purely electric cars, which should be 34 million against the current 12 million. They will soon surpass the sale of hybrids, which should be driven by 25 million in five years. It follows from the current PwC Electric Vehicle Sales Review study.

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Last year, around 15.5 million cars with an electric or hybrid engine were sold in the world's most developed markets, a year-on-year increase of 42 percent. In the ten most important European markets, 4.45 million electric and hybrid cars were sold last year, representing a market share of 49 percent of all sales. However, the growth rate of sales, which was 11 percent last year, slowed significantly. Hybrids continued to have the largest share with 2.2 million cars sold, 1.4 million purely electric cars were sold in Europe, and 850,000 were plug-in hybrids.

Global sales are mainly dominated by Tesla and Chinese brands. “European car companies are still dealing with the consequences of supply shortages, especially in the case of chips. At the same time, the transition to electromobility brings them increased costs. Also for these reasons, we can expect increased activity of Chinese car companies in the European market this year, where they will want to take an ever-increasing market share. At the same time, pressure on the price can be expected, which has already been started by Tesla with the widespread discounting of its models,” said PwC analyst Pavel Štefek.

The Czech market lags significantly behind in sales of electric cars, interest is hindered by the higher price and insufficient charging network. Last year, 32,121 hybrids and electric cars were sold domestically, which is less than 17 percent of the market.

“I do not expect any dramatic changes in the development in the Czech Republic. Even though support is being prepared for a key segment of company fleets, it does not look like that it would be widespread and reach everyone. In addition, even large European markets are already backing away from massive subsidy support for electromobility,” said Štefek. “On the other hand, the natural interest in replacing company fleets with electric cars is growing rapidly, and Czech households are also increasingly interested in alternative energy sources. These will be factors that will support the growth of electric car sales in the Czech Republic more than state intervention,” he added.

< p>Among the most important European markets, the study counts Germany, Great Britain, France, Spain, Italy and the markets with the most developed infrastructure, which are Norway, Sweden, Switzerland, the Netherlands and Austria.The world's largest market for electric cars remains China, with over five million electric cars, while in the ten largest European markets it was 1.4 million electric cars.