Study predicts that electric vehicles will soon become a common sight in this country

Mar 18, 2014 10:44 GMT  ·  By

Chancellor Angela Merkel has a dream, and this dream is that, by the year 2020, Germany will be home to 1 million electric cars.

According to a recent report pieced together by specialists working with German management consultancy firm Kienbaum, the Chancellor's green-oriented plans for the future will fail to become reality.

More precisely, the report in question predicts that, in 2020, some 800,000 electric cars will be cruising up and down roads in Germany.

This figure falls short of Angela Merkel's goal of having 1 million such environmentally friendly cars hit the country's roads by said date.

However, the achievement is in itself quite impressive, some might want to argue.

Green Car Congress tells us that, in its report, consultancy firm Kienbaum details that, according to its investigations into the matter at hand, electric vehicles have high chances to account for 7% of the new car market in Germany in 2020.

In 2025, on the other hand, they will be even more popular, and they will make up a 25% share of the same market, the same source details.

This means that, if specialists working with Kienbaum are right, then, in this year, one out of every four new vehicles sold in Germany will be an electric one.

By 2030, electric cars are likely to have a 30% share of Germany's new car market.

Otherwise put, there will be little denying that Germany has in fact made progress in terms of improving on the ecological footprint of its fleet.

What's interesting is that, according to the same Kienbaum report, the global car manufacturing industry will also grow to become quite fond of electric vehicles in the not so distant future.

Thus, it is said that, by the year 2020, roughly 80% of all automotive companies worldwide will be spending money on developing electric mobility.

As impressive as the predicted development of the electric car market in Germany might sound, the fact remains that, for the time being, Norway is pretty much king and queen when it comes to having an eco-friendly fleet.

More precisely, recent figures indicate that, by this year's April, electric cars will come to account for 1% of the country's entire fleet. This is thanks to a series of incentives and policies intended to make such vehicles more appealing to the general public.

To put things into perspective, it must be said that, presently, full-electric vehicles only make up roughly 0.07% of the United States’ entire fleet.