The Switzerland Electric Car Market is anticipated to grow with a significant CAGR of 21% during the forecast period (2019-2025). Growing demand for zero-emission vehicles, stringent government regulations and rising charging infrastructure across the country are major factors that are expected to propel the Switzerland electric car market.
In 2018, just 2% of all passenger cars on Swiss roads were electric or hybrid vehicles and just 0.4% had a pure electrical propulsion system. However, from 2019 onwards the electric vehicle sales witnessed a spike as more than 5,000 electric vehicles have been sold in Switzerland, accounting for around 4% of all new registrations. In addition, for the first time ever, 2019 saw the electric car as the best-selling vehicle, namely the latest Tesla Model 3. In September 2020 the "plug-in vehicles" i.e. electric and hybrid cars, even surpassed the 10% mark for new vehicles according to Autoswiss.
Browse the full report description of "Switzerland Electric Car Market Size, Share & Trends Analysis Report by Vehicle Type (Hatchback, Sedan, and SUV), By Propulsion Technology (Battery Electric Car and Plug-in-Hybrid Electric Car), By Battery Type (NiMH, Li-ion, and Others), and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/switzerland-electric-car-market
Further, the increasing number of charging stations and advent of new charging point operators is expected to further drive the Switzerland electric car market in near future. The Electric Vehicle Club Switzerland, a private group of electric vehicle users, has strongly promoted public charging facilities. According to its scheme, payment of an annual contribution allows EV users access to the 120 "park & charge" charging stations. However, lack of government contribution regarding development of charging infrastructure is expected to challenge the market growth.
Market Coverage
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Switzerland Electric Car Market Report Segment
By Vehicle Type
By Propulsion Technology
By Battery Type