The Q1 2025 Sophus3 EV Index found that most tracked markets improved, with Germany posting the largest positive movement among the major European markets. Sophus3 also added Denmark to the index, reflecting the rapid growth of electric vehicle sales there.
One of the most encouraging changes was in affordability and choice. A growing number of smaller and lower-priced EVs were beginning to reduce the historical price gap with combustion-engine alternatives.
Consumer interest nevertheless continued to vary substantially by region. Northern European markets remained far more predisposed towards EV purchase than Italy and Spain.
How the index works
The EV Index combines three pillars: consumer appetite to buy electric, the market’s ability to supply attractive and affordable vehicles, and access to charging infrastructure. A score of 100 represents broad parity between electric and conventionally fuelled vehicles.
