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IHS: PHEVs To Overtake EVs In Europe Within Two Years

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Electric vehicles are doing well in Europe, but their dominance over PHEVs may soon draw to a close.

Automotive News Europe reports sales of EVs in Europe jumped 73 percent to 58,244 units in 2014, while sales of PHEVs climbed 29 percent in the same period to 39,547, according to industry group ACEA. The best-selling EV and PHEV in 2014 were the Nissan Leaf and Mitsubishi Outlander PHEV (15,134 units vs. 19,855), while the largest markets were Norway for EVs (18,090 units), Netherlands for PHEVs (9,938).

According to IHS Automotive senior analyst Ben Scott, PHEVs will overtake EVs this year or in 2016 as far as production goes, forecasting 1.35 million units by 2020, and 2.7 million by 2025. Meanwhile, EV sales will be under 1 million by 2020, as consumers are likely to choose PHEVs for their flexibility in range and use over electric-only vehicles.

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