EV Readiness Index: Electric car boom throughout Europe

EV Readiness Index: Electric car boom throughout Europe-boom

LeasePlan, one of the leading leasing and fleet management providers, has published this year’s eV readiness index, which comprehensively analyzes how well 22 European countries are set on electromobility. The index is based on three factors: approvals of e-cars, charging infrastructure and state incentives in the individual countries. It turns out that Germany has caught up at the readiness for electromobility, which is reflected in high registration numbers: in 2020 more than 204.000 E cars allowed – more than in any other country and almost twice as many as in France and the United Kingdom.

The charging infrastructure still applies to many countries as a major obstacle to the nationwide introduction of electromobility. The number of newly installed charging columns was even lower than 2019 last year. The absolute numbers can be in Germany with just under 45.000 charging points, of which just under 7000 quick loading possibilities, have been seen quite.

As far as state incentives are concerned, Germany is solid in midfield. Purchasing grants and tax benefits are classified by leaseplan as “excellent”, but there are not tax benefits when approved and VAT. In terms of electricity, Germany has the lowest price advantage: electricity for 1 km on a public charging column costs 78 percent of the corresponding fuel for combustion. Other countries with a high energy price index are Ireland (65 percent) and Spain (62 percent), while the lowest values in Norway (28 percent) and the Netherlands (39 percent) are achieved.

Positive is still available to report elsewhere: In Germany, the rent of an E-car is relatively cheap compared to the gasoline or diesel. This shows the rental index for Germany (81 percent). This allows motorists to experience electromobility flexibly and without obligation by renting an electric motor.

“When drivers are becoming more and more aware that there are enough charging options or they have their own Charger at home or at work, we defeat the rich bidding in conjunction with affordable electric cars”. – Roland Meyer, Managing Director LeasePlan Germany

A look at the overall results (to find here as a detailed PDF) shows that almost all countries have improved compared to the previous year, suggesting an increased willingness to use electric cars in Europe. Romania, Slovakia and the Czech Republic have both the lowest evaluation points and the slowest rate of improvement.

Electric cars have never been so affordable as today, so the analysis. When it comes to rental costs, E-cars are cheaper in eleven countries than their counterparts with internal combustion engine. In addition, driver of an electric car on average only 63 percent of the taxes need to pay drivers of petrol and diesel vehicles. Austria, Greece, Hungary, Ireland, Poland and the United Kingdom are the pioneers: In these countries, e-drivers pay no tax at all.

EV Readiness Index: Electric car boom throughout Europe-indexLease plan

However, the charging infrastructure is still lagging behind in many countries. It is considered an important key to increase the readiness for electromobility. Although there were some progress in the charging infrastructure in 2020, the increase rate has fallen compared to the previous year (43 percent in 2020 compared to 73 percent in 2019).

“Our eV readiness index shows that electric driving in Germany is booming and we are on a good way in the construction of the charging infrastructure,” says Roland Meyer, Managing Director of Leaseplan Germany. “If drivers are becoming more and more aware that there are enough charging options or they have their own Charger at home or in the workplace, we defeat the rich bidding in conjunction with affordable electric vehicles”. Then more drivers should be prepared to change electromobility and to make their contribution to reducing the emissions of the transport sector.

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