A European environmental lobby group said that the number of electric car models available in Europe is likely to threefold by 2021.
However due to higher prices and lack of charging infrastructure, the consumption of electric cars have been stalling.
Car manufacturers will increase the production of electric cars models by 60, which would lead to 214 models by 2021, according to the latest data.
Based on the data by research firm IHS Markit, the European Federation for Transport and Environment (T&E) analysis suggests that carmakers are ready to embrace car electrification.
Carmakers forecast to bring 118 plug-in hybrid models and 92 fully electric models to the market in 2021.
22% of vehicles produced would allow carmakers to meet the European Union’s car carbon dioxide (CO2) emissions target of 95g/km by 2025 if they stick to the plans.
As per the data, Western Europe or EU4 led by France, Germany, Italy and Spain will have the biggest production plants for electric cars.
A transport and e-mobility analyst at T&E, Lucien Mathieu said, “Thanks to the EU car CO2 standards, Europe is about to see a wave of new, longer range, and more affordable electric cars hit the market.”
“That’s good news, but the job is not yet done,” Mathieu added.
“We need governments to help roll out electric vehicle (EV) charging at home and at work, and we need changes to car taxation for making electric cars even more attractive than polluting petrol, diesel or poor plug-in hybrid vehicles,” Mathieu said.
Moreover, luxury sports car manufacturers are now climbing on the electric bandwagon.
Lotus, a owned by Chinese firm Geely, this week launched a £2million all-electric “hypercar” named the Evija, which is capable of more than 322km/h (200mph).