electric car

ev demand electric car

European consumers are increasingly turning to electric vehicles as focus turns to the industry. Several initiatives from governments are inspiring the ev demand from consumers.

According to data acquired by Finbold, the demand for new passenger battery electric (all-electric) vehicles across Europe surged 231.58% between Q2 2020 and Q2 2021, from 63,422 to 210,298. The figures reflect a triple growth in demand for all-electric vehicles.

Elsewhere, demand for the hybrid electric vehicle also spiked by 213.54% to 541,162 representing the biggest growth for all new passenger vehicles in Europe. In total, the electric vehicle registration as of Q2 2021 stands at 751,460, a growth of at least three times from the Q2 2020 cumulative figure of 236,015.

During the period, plug-in hybrid vehicle demand surged 255.8%, from 66,252 to 235,730. Natural gas vehicles recorded demand of 41.84% from 9,515 to 13,497.

Furthermore, during the first half of 2021, battery electric vehicles recorded a share of 6.7% under new passenger cars by fuel type in the region. Hybrid electric vehicles had a share of 18.9%, while plug-in hybrids stood at 8.3%. Petrol accounted for the highest share at 42%, followed by diesel at 21.7%. Natural gas had a share of 0.5%.

Government incentives spurs EV demand

The report explains how different government policies contributed to the surge in demand for electric vehicles in Europe. According to the research report:

“For instance, when the coronavirus pandemic hit, most governments across the region focused their stimulus packages on companies that are operating in line with fighting climate change. Notably, a big part of the support focused on incentives for consumers to buy EVs, creating a surge in demand.”

Additionally, the demand emerged at a period, the electric vehicle industry suffered a chip shortage due to supply chain constraints due to the pandemic. However, the full impact will manifest later this year.

Read the full story with statistics here.

Behaving environmentally responsible makes people feel happy. That is the outcome of research by the Dutch Groningen University. 

While it is often suggested that individuals’ pro-environmental behaviors may be linked with their subjective wellbeing, the strength and direction (e.g. positive or negative) of this relation is unclear. Because pro-environmental behaviors impact peoples’ everyday lives, understanding this relation is critical for promoting long-term environmental solutions.

Using a series of meta-analyses, we systematically reviewed the literature on the association between individuals’ pro-environmental behaviors and their subjective wellbeing. The researchers hypothesized that the relation between pro-environmental behavior and subjective wellbeing would be positive and strongest among types of behaviors (e.g. sustainable purchase decisions) and indicators of subjective wellbeing which more clearly reflect personal meaning (e.g. warm glow). The researchers sourced studies via PsychINFO, PsychARTICLES, GreenFile, SocINDEX, Web of Science, and Scopus, as well as professional email lists, direct contact with authors who publish in this domain, data from the authorship team, and the European Social Survey (2016).

The researchers included studies with quantitative data on the relation between individuals’ pro-environmental behavior and their subjective wellbeing, ultimately identifying 78 studies (73 published, 5 unpublished) for synthesis. Across multiple indicators of pro-environmental behaviors and subjective wellbeing, we found a significant, positive relation (overall r = .243), and this relation did not meaningfully differ across study characteristics (e.g. sample, design). As predicted, the relation was particularly strong for indicators of pro-environmental behavior and subjective wellbeing which clearly reflect meaning, such as sustainable purchase decisions (r = .291) and for warm glow (r = .408).

The researchers found a robust, positive relation between people’s pro-environmental behaviors and subjective wellbeing, and initial evidence that this relation may be stronger the more clearly behaviors and indicators of subjective wellbeing reflect meaning. Our results indicate that program and policy-makers can seek opportunities to design ‘win-win’ sustainability programs which could positively impact both people and the environment.

Read the publication