Finance
Europe's leaders and laggards in electric vehicle sales
Published by Global Banking and Finance Review
Posted on December 16, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 16, 2025
2 min readLast updated: January 20, 2026
Europe's EV sales are uneven, with Norway leading at 94%. Southern regions lag due to costs and infrastructure. EU eases 2035 targets.
LONDON/STOCKHOLM, Dec 16 (Reuters) - As the European Union has looked to push carmakers towards electric vehicles, sales of EVs across the continent have been uneven, skewed more to northern and western countries, while nations further south and east have tended to lag.
The EU is now easing emissions targets for 2035 amid strong pushback from the industry, which says EV demand has picked up more slowly than expected and it needs more time to make the shift from combustion engines.
In Norway, where the government has used its oil-funded sovereign wealth fund to subsidise EVs and invest in charging infrastructure, EV sales hit 94% of total car sales in the first seven months of 2025, data from consultancy Inovev shows.
Other Nordic governments and nations in northern and western Europe have also provided subsidies and invested in infrastructure, boosting sales.
However, EV adoption in southern and eastern Europe has been much slower, as electric cars have proved expensive for many buyers and charging infrastructure is virtually non-existent in some regions. Croatia is at just 1%, Inovev data shows.
The divergence means that across much of the continent the overall EV take-up rate in the first seven months of this year has been in the low- to mid-single digits.
The EU has earmarked funds for charging infrastructure and some EV subsidies across the bloc. But in markets like Spain that have launched programmes to support electric car purchases, Chinese automakers offering more affordable models have benefited more than their European rivals.
(Reporting by Nick Carey and Marie Mannes.Editing by Mark Potter)
An electric vehicle (EV) is a type of vehicle that is powered entirely or partially by electricity, using electric motors instead of traditional internal combustion engines.
Charging infrastructure refers to the network of charging stations and equipment needed to recharge electric vehicles, essential for supporting their widespread use.
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