The European market for electric cars could be in excess of 742,000 units annually by 2020, according to global automotive analysts J D Power.
It would make Europe the biggest market in volume terms for EVs, followed by China with 332,700 units per annum, the US with 108,000, all out of a total global sames of1.31 million units.
The European market share penetration would be just over 3 percent, compared to 1.9 percent in China and just 0.6 percent in the US. The global market penetration is expected to be 1.85 percent.
That is substantially lower than the 10 percent market share forecast by the boss of Nissan-Renault, Carlos Ghosn. Nissan-Renault is investing up to €5 billion in development of electric vehicles globally.
Volkswagen, although not yet producing electric cars, expects EVs to account for 3 percent of its sales by 2020.
