Electric Cars Take Over Europe: EV Sales Continue to Soar in 2022

Electric Cars Take Over Europe: EV Sales Continue to Soar in 2022

by | Jan 23, 2024 | Auto Industry

    The automobile industry is undergoing a significant transformation, with the rise of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) challenging the dominance of traditional gasoline-powered vehicles. In this article, we will explore the latest trends in the European automobile market, focusing on the sales and market share of EVs and PHEVs, as well as the impact of government policies on the industry.

Sales Trend of Electric Vehicles and Plug-in Hybrid Electric Vehicles

     According to the European Automobile Manufacturers’ Association (ACEA), electric vehicle sales in Europe have been steadily increasing in recent years. In 2021, battery-electric vehicles (BEVs) accounted for 10% of all new car registrations in the EU, while plug-in hybrid electric vehicles (PHEVs) accounted for an additional 9%. This represents a significant increase from 2020 when BEVs accounted for 7% of new car registrations and PHEVs accounted for 8%.

Global New car Registrations in 2019 and 2020. Source: [1]

Global New car Registrations in 2019 and 2020. Source: [1]

     The growth of EVs and PHEVs is being driven by several factors, including government incentives, concerns about air pollution and climate change, and the increasing availability of charging infrastructure. However, some challenges need to be addressed, such as the high cost of EVs and the limited range of some models.

CO2 EMISSIONS OF NEW CARS BY COUNTRY
NEW CARS BY EMISSIONS CLASSES IN THE EU

CO2 EMISSIONS OF NEW CARS BY COUNTRY. Source: [2]

NEW CARS BY EMISSIONS CLASSES IN THE EU. Source: [2]

Market Share of Electric Vehicles and Plug-in Hybrid Electric Vehicles

     In 2021, Norway was the country with the highest market share of EVs, with 86% of new car registrations being electric. Sweden and Denmark were also among the top performers, with EV market shares of 46% and 42%, respectively. Germany, the largest car market in Europe, had an EV market share of 9% in 2021.

     The market share of PHEVs is also growing but at a slower pace than EVs. In 2021, PHEVs accounted for 15% of new car registrations in Norway, 11% in Sweden, and 8% in Denmark. Germany had a PHEV market share of 13% in 2021. 

     Government policies have played a significant role in the growth of the EV market in Europe. Many governments have implemented incentives, such as tax breaks and subsidies, to encourage the purchase of EVs and PHEVs. They have also set ambitious targets for the electrification of their vehicle fleets.

     For example, the European Union has set a target of achieving a 35% market share for EVs by 2030. The EU has also introduced a carbon dioxide emissions trading system (ETS), which aims to reduce greenhouse gas emissions from the transportation sector.

Challenges and Opportunities

    Despite the growth in EV sales, there are still some challenges that need to be addressed. One challenge is the high cost of EVs. EVs are typically more expensive than gasoline-powered cars, and this can be a barrier for some consumers. Another challenge is the limited availability of charging infrastructure. There are still not enough public charging stations in many parts of Europe, and this can be a deterrent for people who are considering buying an EV.

     However, there are also some opportunities for the growth of the EV market in Europe. As battery technology improves and costs come down, EVs will become more affordable. And as more charging stations are built, the range anxiety that some people have about EVs will be reduced.

My Opinion

    The automobile industry is at a crossroads, with the rise of EVs and PHEVs challenging the dominance of traditional gasoline-powered vehicles. The European market is leading the way in this transition, with EV sales growing rapidly and government policies playing a key role. There are still some challenges that need to be addressed, such as the high cost of EVs and the limited availability of charging infrastructure. However, the opportunities for the growth of the EV market are significant, and we can expect to see even more progress in the years to come.

The above article is written by the study of material and resources for the period of 2019 to 2022 and my opinion therefore is basis various facts, figures, and measures if taken right by various institutions.

Source:

[1]:Henk Bekkler, May,2022,” 2022 (Q1) Europe: Electric and Plug-In Hybrid Car Sales per EU, UK, and EFTA Country”, Available at: https://www.best-selling-cars.com/electric/2022-q1-europe-electric-and-plug-in-hybrid-car-sales-per-eu-uk-and-efta-country/

[2]:Acea, March 2022,” The Automobile Industry, Pocket guide 2021/2022”, Available at: https://www.acea.auto/files/ACEA_Pocket_Guide_2021-2022.pdf#page=20 

What does a Product Manager do?

What does a Product Manager do?

by | Jan 10, 2024 | Top Courses

What does a Product Manager do? : Unveiling the Mastermind Behind Successful Products

In today’s technology-driven world, the role of a product manager has become increasingly crucial in shaping the products that touch our lives daily. These individuals are the driving force behind innovative solutions, ensuring that products meet user needs and align with business objectives.

Definition of Product Manager

A product manager is a visionary leader overseeing the entire product lifecycle, from ideation to launch. They are responsible for defining the product strategy, roadmap, and features, ensuring that the product delivers value to both users and the company.

Role of Product Manager:

The responsibilities of a product manager encompass a wide range of activities, including:

  • Market research and analysis: Understanding user needs, market trends, and competitive landscape to inform product decisions.
  • Product strategy: Defining the product vision, goals, and target audience.
  • Product roadmap: Creating a roadmap that outlines the product’s development timeline and feature releases.
  • Feature prioritization: Prioritizing features based on user needs, business objectives, and technical feasibility.
  • Product development: Collaborating with engineering, design, and marketing teams to bring the product to life.
  • Product launch: Planning and executing the product launch, including marketing campaigns and user onboarding.
  • Product performance analysis: Tracking product usage metrics and analyzing user feedback to identify areas for improvement.

Top 20 Global Product Companies (Refer to the video posted on this topic)

  1. Apple: iPhone, iPad
  2. Google: Search Engine, Android
  3. Microsoft: Windows, Office 365
  4. Amazon: Kindle, Amazon Web Services
  5. Facebook: Facebook, Instagram
  6. Netflix: Streaming service
  7. Tesla: Electric cars, Solar panels
  8. Airbnb: Online marketplace for lodging
  9. Spotify: Music streaming service
  10. Uber: Ride-hailing service
  11. PayPal: Online payments platform
  12. Salesforce: Customer relationship management (CRM) software
  13. Adobe: Creative suite software
  14. Intuit: Tax preparation software
  15. Cisco: Networking equipment
  16. Siemens: Industrial equipment
  17. GE: Appliances, medical equipment
  18. Honeywell: Building automation systems
  19. 3M: Post-it notes, Scotch tape.

 

The Importance of Product Managers in Top 20 Global Companies

Product managers play a pivotal role in the success of the top 20 global companies. They are the driving force behind innovation, ensuring that products are user-friendly and aligned with business goals. Their ability to translate market trends into actionable product strategies is essential for companies to stay ahead of the competition and maintain their market position.

The Best Way to Become a Product Manager

There are numerous courses available that can help you gain the skills and knowledge necessary to become a product manager. These courses typically cover topics such as product strategy, product roadmap development, user experience (UX) design, and product marketing.

Some reputable online course platforms for product management include:

  • Product Marketing Alliance: The #1 product Marketing Community with certification courses on what exactly you want to learn or transform to. Go on to see the list of courses, they have to offer.
  • Coursera: Offers a variety of product management courses from top universities and industry experts.
  • Udemy: Provides a wide range of product management courses at affordable prices.
  • LinkedIn Learning: Offers product management courses taught by experienced professionals.
  • Skillshare: Fundamentals of Product Management

 Product management courses can be an effective way to break into the field or advance your career. They can provide you with the theoretical foundation and practical skills needed to excel in this demanding role. Additionally, many courses offer opportunities to connect with industry professionals and build your network.

Famous Quotes on Product Management

“A product manager is someone who understands the customer, the market, and the technology, and can use that understanding to create a product that is both useful and successful.” – Steve Blank, serial entrepreneur and author

“The best product managers are those who can see the future and build products that people want before they even know they want them.” – Marty Cagan, author of “Inspired: How to Create Tech Products Customers Love”

“A product manager is a mini-CEO, responsible for the entire product lifecycle, from ideation to launch and beyond.” – Nir Eyal, author of “Hooked: How to Build Habit-Forming Products”

Conclusion

Product management is a challenging but rewarding career path that offers the opportunity to impact the world. With the right skills and experience, you too can become a successful product manager and lead the way in creating products that people love.

Verified by MonsterInsights