Battery Electric Vehicles - Netherlands

Netherlands

Highlights

The Battery Electric Vehicles market in the Netherlands is expected to achieve a revenue of US$7.0bn by 2024.
It is projected to grow at an annual rate of 12.72% (CAGR 2024-2029), resulting in a market volume of US$12.8bn by 2029.
By that year, unit sales in the Battery Electric Vehicles market are estimated to reach 216.20k vehicles.
The volume weighted average price of Battery Electric Vehicles market in 2024 is expected to be US$59.3k.
In terms of revenue, China is expected to lead the global market with US$211bn generated in 2024.
Netherlands is leading the way in the Battery Electric Vehicle market with its extensive charging infrastructure and government incentives.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Battery Electric Vehicles market in Netherlands has been experiencing significant growth in recent years.

Customer preferences: Customers in Netherlands are increasingly opting for Battery Electric Vehicles due to their environmental benefits. The country has a strong commitment to sustainability and reducing carbon emissions, and Battery Electric Vehicles align with these goals. Additionally, the government offers incentives and subsidies for purchasing Battery Electric Vehicles, making them more affordable for consumers.

Trends in the market: One of the key trends in the Battery Electric Vehicles market in Netherlands is the increasing range of models available. Major automakers are expanding their electric vehicle offerings to cater to the growing demand in the country. This has led to a wider variety of options for consumers, ranging from compact cars to SUVs. Another trend is the development of charging infrastructure. The Netherlands has been investing heavily in expanding its charging network, making it easier for Battery Electric Vehicle owners to find charging stations. This has helped alleviate range anxiety and has further encouraged the adoption of Battery Electric Vehicles.

Local special circumstances: Netherlands has a small geographical size and a high population density. This makes Battery Electric Vehicles an attractive option for many residents, as they offer a more efficient and sustainable mode of transportation. The short distances between cities and towns make it easier for Battery Electric Vehicle owners to travel without worrying about range limitations.

Underlying macroeconomic factors: The Netherlands has set ambitious targets for reducing greenhouse gas emissions and transitioning to clean energy sources. The government has implemented policies to encourage the adoption of Battery Electric Vehicles, such as tax incentives and subsidies. These measures have created a favorable environment for the growth of the Battery Electric Vehicles market in the country. In conclusion, the Battery Electric Vehicles market in Netherlands is experiencing significant growth due to customer preferences for sustainable transportation options, the availability of a wide range of models, the development of charging infrastructure, and the government's commitment to reducing carbon emissions. These factors have created a favorable market for Battery Electric Vehicles in the country.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of new passenger cars. Data on the specifications of the sold vehicles is based on the base models of the respective makes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use company reports and websites, vehicle registries, car dealers, and environment agencies among other sources. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and car stock per capita. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).