According to the latest study by Confused.com, Luxembourg will have the seventh-highest proportion of electric vehicle (EVs) sales across Europe by 2035.
In the first quarter of 2022, Confused.com analysed historical trends and data from the European Environment Agency (EEA) and Eurostat to predict which European countries are likely to have the highest proportion of EV sales by 2035.
In Luxembourg, 47.30% of new car sales are expected to be electric by 2035, the seventh-highest proportion across Europe. With only 5.61% of the new cars registered being electric in 2020, the Luxembourg market is likely to see a significant jump in sales, with a predicted 743% increase in EV registrations by 2035.
With the highest percentage of new EV sales in 2020 (54.37%), Norway is also likely to have the highest proportion of newly registered EVs by 2035. According to the data, Confused.com predicts that 99.9% of them will be electric - an increase of 83.74% within fifteen years. Norway is joined at the top by the Netherlands, which is also expected to have 99.9% of its newly registered vehicles as electric by 2035. This is a 336% improvement within the specified timeframe.
In Sweden, 80.35% of new car sales are expected to be electric by 2035, the second-highest proportion across Europe. With only 9.69% of the new cars registered being electric in 2020, the Swedish market is likely to see a significant jump in sales. This means a predicted 729% increase in EV registrations by 2035.
Denmark places fourth, with 54.51% of new vehicles estimated to be electric by 2035 - an increase of 658% compared to the proportion of EVs in 2020 (7.19%). Compared to its European neighbours, this is 5% more than Germany (51.68%), but 32% less than Sweden (80.35%) and 45% less than Norway (99.90%).
Alex Kindred, car insurance expert at Confused.com, commented: "With electric vehicles becoming more popular across the world, understanding what type of insurance you need is important. You might be able to cover your electric car on a standard car insurance policy, but this isn’t always the best move. Dedicated electric car policies often come with a range of benefits, like cover for your charging cable, free recovery to the nearest charge point if you run out of battery power and accidental damage, fire and theft cover for your battery. These benefits can really make all the difference".
He added: “As the battery is an expensive component of the car, it is likely that you will be offered the chance to lease it instead of buying outright to make the switch from a fuel car to an electric car cheaper. Be sure to let your insurer know if it is leased, so they can pay the right party for any damage to the battery if you do happen to make a claim”.