LeasePlan EV-Readiness Index 2023: Europe is ready for e-mobility
The willingness to switch to electric mobility has increased significantly across Europe. This is the key finding from the EV Readiness Index 2023 by leasing specialist LeasePlan. The index examines how well 22 European countries are prepared for electric vehicles. However, despite significant improvements in charging infrastructure in Germany, the country has dropped two places in the overall European rankings from 8th to 10th compared to the previous year. The index is based on three factors: the maturity of the electric mobility market, the maturity of the infrastructure, and the total operating costs associated with an electric vehicle. The analysis highlights these three factors for each participating European country and assigns scores and an overall ranking for each.
The key findings from the EV Readiness Index 2023:
- The top three countries in the index are the same as last year: Norway in first place, the Netherlands in second, and the United Kingdom in third. Germany has dropped from 8th place last year to 10th place. The most improved country is Denmark, rising from 11th place last year to 7th place in 2023. This is mainly due to improved EV infrastructure and increased market share of electric vehicles.
- In the countries surveyed, readiness for electric mobility has increased overall by 12% (72 points when combining all countries), indicating a general improvement across Europe.
- The maturity of the EV market has increased by 19% (42 points) across Europe – reflecting the overall improved market penetration of electric vehicles in European countries. In Germany, over 830,000 new electric vehicles were registered in 2022.
- Charging infrastructure has significantly improved, with a 43% increase (45 points). In Germany, charging infrastructure has grown to over 96,000 charging points in total, but relative to the number of registrations, Germany is still lagging comparatively.
- Although electric vehicles remain cheaper than combustion engines in most European countries, the total cost maturity of electric vehicles has slightly decreased by 6% (14 points). The main reasons are the increased energy prices in 2022. In Germany, the discontinuation of subsidies adds to this.
Christopher Schmidt, Commercial Director at LeasePlan Germany, finds it positive to see improvements in electric mobility readiness in Germany. However, it is important to stay the course.
"We need to expand the infrastructure in Germany so that drivers can use a robust public charging infrastructure. Only then can we inspire more people to make the switch. While this year's results from the EV Readiness Index are promising, there is still much to be done," Schmidt appeals.
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