Market Insights Mobility Electric Vehicles

Battery Electric Vehicles - Poland

Poland

In 2024, the projected revenue in the Battery Electric Vehicles market in Poland is expected to reach US$1,096.0m.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 15.58%, resulting in a projected market volume of US$2,261.0m by 2029.
By that year, the unit sales of Battery Electric Vehicles market in Poland are expected to reach 37.74k vehicles.
The volume weighted average price of Battery Electric Vehicles market in Poland in 2024 is projected to be US$60.0k.
From an international perspective, it is evident that China will generate the highest revenue, amounting to US$210,800m in 2024.
Poland is witnessing a growing demand for Battery Electric Vehicles, driven by government incentives and an increasing awareness of environmental sustainability.

Key regions: United Kingdom, Japan, Netherlands, France, United States

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Analyst Opinion

The Battery Electric Vehicles market in Poland is experiencing significant growth and development.

Customer preferences: Customers in Poland are increasingly showing a preference for Battery Electric Vehicles (BEVs) due to their numerous advantages. BEVs are known for their lower operating costs compared to traditional gasoline-powered vehicles, as they require less maintenance and have lower fuel costs. Additionally, BEVs produce zero emissions, making them more environmentally friendly and appealing to customers who are concerned about climate change and air pollution.

Trends in the market: One of the key trends in the BEV market in Poland is the increasing availability and variety of electric vehicle models. Major automotive manufacturers are expanding their offerings of BEVs, providing customers with more options to choose from. This trend is driven by the growing demand for electric vehicles and the increasing competitiveness of the market. As a result, customers in Poland have a wider range of choices when it comes to selecting a BEV that suits their needs and preferences. Another trend in the market is the development of charging infrastructure. The availability of charging stations is crucial for the widespread adoption of BEVs, as it addresses the issue of range anxiety and allows customers to charge their vehicles conveniently. In Poland, there has been a significant increase in the number of charging stations, both in urban areas and along major highways. This development is driven by government initiatives and investments, as well as partnerships between automotive manufacturers, energy companies, and other stakeholders.

Local special circumstances: Poland has a strong automotive industry, with several domestic manufacturers and a skilled workforce. This local expertise in the automotive sector has contributed to the growth of the BEV market in Poland. Domestic manufacturers are increasingly investing in the development and production of electric vehicles, leveraging their existing capabilities and knowledge. This has led to the availability of locally produced BEVs, which are often preferred by customers due to factors such as national pride and support for the local economy.

Underlying macroeconomic factors: Several macroeconomic factors are contributing to the growth of the BEV market in Poland. Firstly, there is a global trend towards decarbonization and the transition to renewable energy sources. This shift is supported by international agreements and policies aimed at reducing greenhouse gas emissions. As a result, governments around the world, including Poland, are incentivizing the adoption of electric vehicles through subsidies, tax breaks, and other measures. These incentives make BEVs more affordable and attractive to customers, driving the growth of the market. Secondly, there is a growing awareness and concern about air pollution and its impact on public health. This has led to increased regulations and restrictions on vehicles with high emissions, such as diesel-powered cars. As a result, customers in Poland are looking for alternative transportation options that are cleaner and more sustainable, leading to an increased demand for BEVs. In conclusion, the Battery Electric Vehicles market in Poland is experiencing growth and development due to customer preferences for lower operating costs and environmentally friendly vehicles. The availability of a wider range of electric vehicle models and the development of charging infrastructure are key trends in the market. The local expertise in the automotive sector and the support of government incentives are also contributing to the growth of the BEV market in Poland.

Methodology

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).