Electric Vehicles - Slovenia | Statista Market Forecast

The Electric Vehicles market in Slovenia is projected to generate a revenue of US$372.9m in 2024.
It is expected to experience a steady annual growth rate (CAGR 2024-2029) of 17.08%, resulting in a projected market volume of US$820.2m by 2029.
By that year, unit sales of Electric Vehicles market are anticipated to reach 12.84k vehicles.
The volume weighted average price of Electric Vehicles market in Slovenia is expected to be US$63.4k in 2024.
When looking at the international perspective, it is evident that China will generate the highest revenue, amounting to US$376bn in 2024.
Slovenia has experienced a surge in the adoption of electric vehicles, with government incentives and a growing charging infrastructure driving the market.

CO2 emissions exert a profound influence on climate and the environment, fueling the greenhouse effect and contributing significantly to global climate change. Nearly one-fourth of these emissions worldwide can be attributed to the transportation sector. Electric vehicles (EVs) emerge as a promising solution, potentially acting as a carbon-neutral alternative when powered by renewable energy sources. This underscores their pivotal role in mitigating the impact of traditional combustion engine vehicles on the environment.

The Electric Vehicles market includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, “public” means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models.

The Electric Vehicle market is divided into distinct two distinct markets, namely Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). This categorization allows for a nuanced understanding of the market dynamics, considering the specific attributes and market penetration of each electric vehicle type. The emphasis on new car sales and their foundational configurations ensures clarity, while the exclusion of used vehicles and customizations maintains focus on the evolving landscape of electric vehicles.

Battery electric vehicles (BEVs)
Plug-in hybrid electric vehicles (PHEVs)
Road electric vehicles
Passenger Cars

Electric vehicles that are not self-contained and cannot be classified as BEVs or PHEVs
Rail electric vehicles
Surface and underwater vessels
Electric aircraft or spacecraft
Motorcycles, scooters, mopeds, buses, vans, and trucks

The Electric Vehicles market in Slovenia is experiencing steady growth and development.

Customer preferences: Slovenian customers are increasingly showing a preference for electric vehicles due to their lower environmental impact and cost savings in the long run. Electric vehicles are seen as a more sustainable and efficient mode of transportation compared to traditional gasoline-powered cars. Additionally, the government's initiatives to promote electric vehicles and provide incentives such as tax breaks and subsidies have further encouraged customers to choose electric vehicles over conventional ones.

Trends in the market: One of the key trends in the Electric Vehicles market in Slovenia is the increasing availability of charging infrastructure. As more charging stations are being installed across the country, customers are becoming more confident in the feasibility of owning an electric vehicle. This trend is supported by the government's efforts to expand the charging network and make it easily accessible to all citizens. Another trend in the market is the growing range of electric vehicle models available in Slovenia. As more manufacturers are introducing electric vehicles into their product lineups, customers have a wider variety of options to choose from. This trend is driven by the increasing demand for electric vehicles and the growing competition among manufacturers to capture a larger market share.

Local special circumstances: Slovenia has a relatively small land area and a well-developed public transportation system. This makes it easier for customers to adopt electric vehicles as they have shorter average commuting distances and can rely on public transportation for longer trips. Additionally, the country's commitment to renewable energy and sustainability aligns well with the use of electric vehicles, further driving the market growth.

Underlying macroeconomic factors: The Electric Vehicles market in Slovenia is also influenced by macroeconomic factors such as government policies and economic conditions. The government's support and incentives for electric vehicles play a crucial role in driving the market growth. The favorable economic conditions in the country, including a stable economy and rising disposable incomes, also contribute to the increasing demand for electric vehicles. In conclusion, the Electric Vehicles market in Slovenia is experiencing steady growth and development due to customer preferences for sustainable transportation options, the availability of charging infrastructure, a growing range of electric vehicle models, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, it is expected that the adoption of electric vehicles will continue to increase in Slovenia.

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).

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For the first time in the past decade, lithium-ion battery pack costs increased in 2022 due to the raw material and battery component soaring price inflation. However, this increase in production cost has not slowed down the global electric vehicle (EV)market. Electric vehicle sales have increased tremendously over the past decade.