Enefit Volt Market Overview: Electric cars are here to stay

The number of electric cars has been on a continuous upward trend globally. This is due to technological advances, green thinking and increasing environmental awareness. Last year, sales of all-electric cars grew by 30% worldwide. That’s nearly 9.5 million cars sold. China is still the leading market, where the amount of fully electric cars sold made up more than half of the total sales, 66% to be exact.

While China is at the forefront in terms of sales results, compared to the previous year, the percentage increase was higher in Europe. In 2023, more than 2 million fully electric cars were sold in Europe, which is 28.2% more than last year. This is partly due to the support measures offered by the European Union and ambitious targets for reducing CO2 emissions, which encourage member states to switch to electric transport. On the other hand, there is an increasing emphasis on the development of charging infrastructure, which in turn creates confidence in the availability of chargers.

In Estonia, the market share of electric cars is smaller, but the growth trend is still noticeable. In 2023, almost 1,500 electric cars were registered in Estonia, which is a significant 110% increase compared to the previous year. As is typical for Europe, we are also developing the charging infrastructure in order to create sufficient charging readiness for the future, when there will be more electric cars. For example, we installed 66 public chargers in Enefit Volt during 2023, 38 of which were upgraded chargers. Today, there are more than 200 chargers in the Enefit Volt network, which makes us the largest provider of public charging solutions for electric cars in Estonia.

Tesla, Nissan and Audi are popular car brands among Estonians. In 2023, the Tesla Model 3 was one of the best-selling electric cars in Estonia. However, the model selection of electric cars is constantly being updated, and exciting new solutions will also be available in the future. One thing is certain – green thinking, gradually developing infrastructure and expanding model lines help ensure that electric cars are here to stay.