Europe Electric Vehicle Market Size and YoY Growth (2025-2032)

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in USD Billion and Percentage

Europe Electric Vehicle Market: Future Growth Opportunities

Published by MMR Statistics Reserch Team, January 2026

Rapid adoption of electric vehicles is reshaping Europe’s automotive landscape, driven by policy support, technological advancements, clean energy integration, and scalable manufacturing. The Europe electric vehicle market was valued at USD 260.81 billion in 2025 with year-over-year growth of 16.54%, while 2026 is estimated at USD 305.20 billion with a YoY of 17.02%, reflecting strong expansion. By 2028, the market is projected to reach USD 424.33 billion with YoY growth of 18.25%, climbing to USD 899.28 billion by 2032 with YoY of 22.41%, supported by infrastructure development and rising consumer adoption. Germany, France, and the UK dominate the Europe electric vehicle market through large-scale production, regulatory support, and advanced EV infrastructure.

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Electric Vehicles

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Information

Unit

in USD Billion and Percentage

Region

Europe

Time Period

2025–2032

Source Name

MMR Statistics

Source Link

https://www.mmrstatistics.com/

Publisher Name

MMR Statistics

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