Europe’s carmakers are gearing up to make 2020 the year of the electric car, according to automotive analysts, with a wave of new models launching as the world’s biggest manufacturers scramble to lower the carbon dioxide emissions of their products.

Previous electric models have mostly been targeted at niche markets, but 2020 will see the launch of flagship electric models with familiar names, such as the Mini, the Vauxhall Corsa and the Fiat 500.

The number of electric vehicle (EV) models available to European buyers will jump from fewer than 100 to 175 by the end of 2020, according to data firm IHS Markit. By 2025 there will be more than 330, based on an analysis of company announcements.

The new supply will cater to a rapidly expanding market as demand for petrol-powered vehicles gradually recedes. UK EV sales will rise from 3.4% of all vehicles sold in 2019 to 5.5% in 2020 – or from 80,000 this year to 131,000 in 2020 – according to forecasts from Bloomberg New Energy Finance. By 2026 electric vehicle sales will account for a fifth of sales in the UK, the forecasts show. Similar predictions from LMC Automotive suggest 540,000 electric cars will be sold across the EU in 2020, up from 319,000 over the course of 2019.

Original Source: The Guardian