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Spain Electric Vehicle (EV) Market By Vehicle Type (Scooters, Motorcycles, Three-Wheelers, Passenger Cars, Buses); By Propulsion Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)); By Drive Type (Front-wheel Drive (FWD), Rear-wheel Drive (RWD), All-wheel Drive (AWD)); By Speed (Less Than 100 MPH, 100 MPH to 125 MPH, Above 125 MPH); By Vehicle Class (Low Priced, Mid-Price, High Price) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Name: Spain Electric Vehicle (EV) Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2025-12-04
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Spain Electric Vehicle Market

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Market Overview:

The Spain Electric Vehicle (EV) Market size was valued at USD 4,580.0 million in 2018 to USD 7,377.5 million in 2024 and is anticipated to reach USD 23,096.3 million by 2032, at a CAGR of 15.50% during the forecast period.

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Spain Electric Vehicle (EV) Market Size 2024	USD 7,377.5 million
Spain Electric Vehicle (EV) Market, CAGR	15.50%
Spain Electric Vehicle (EV) Market Size 2032	USD 23,096.3 million

Spain sees rapid EV adoption as buyers seek cleaner transport options and lower running costs. Government incentives lift demand for battery-powered models across urban and suburban zones. Carmakers expand local supply chains to meet new targets and promote fresh models. Charging networks grow across highways and major cities, which encourages longer trips. Fleet owners adopt electric vans and cars to meet emission rules and improve brand image. Strong focus on sustainability helps raise awareness and supports long-term uptake.

Spain leads EV momentum in Southern Europe due to fast charger rollout, strong tourism traffic, and active mobility policies across major cities like Madrid and Barcelona. Neighboring France and Portugal emerge as supporting markets that strengthen cross-border charging access and regional EV travel. Northern European nations remain the mature leaders, driven by early-stage investments, dense infrastructure, and advanced consumer adoption. Rising interest in Central and Eastern Europe shows the next wave of expansion as new incentives and green transport goals gain pace.

Spain Electric Vehicle (EV) Market size

Market Insights:

The Spain Electric Vehicle (EV) Market grew from USD 4,580.0 million in 2018 to USD 7,377.5 million in 2024 and is forecast to reach USD 23,096.3 million by 2032 at a 50% CAGR, driven by cleaner mobility demand and expanding charging networks.
Central Spain leads with about 42% share, supported by dense charging access and strict low-emission policies; Catalonia holds nearly 33%, driven by tourism and urban adoption; Southern & Northern regions account for 25%, strengthened by cross-regional charging corridors.
The fastest-growing region is Andalusia, holding part of the 25% share, due to rising tourism-based EV rentals, new highway charging clusters, and growing sustainability initiatives across major cities.
In the vehicle-class mix for 2024, mid-price EVs account for roughly 38% of the Spain Electric Vehicle (EV) Market, supported by strong model availability and mainstream household demand.
High-price EVs contribute an estimated 32%, lifted by premium brands and faster adoption in Madrid and Barcelona, while low-priced EVs represent about 30%, serving cost-sensitive buyers and small urban commuters.

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Market Drivers:

Strong Regulatory Push Through National and Regional Mobility Policies

The Spain Electric Vehicle (EV) Market gains steady traction through firm policy pressure that drives cleaner mobility. National rules support purchase grants that reduce upfront costs for buyers. Regional cities promote low-emission zones that restrict older cars and lift EV appeal. Charging pathways expand in high-traffic corridors, which supports wider travel. Carmakers launch new models with better range to meet compliance targets. Fleet operators shift to EV vans to meet strict emission rules. Awareness campaigns highlight long-term savings for urban drivers. This push helps the market build consistent growth.

For instance, under the national MOVES III programme the government offers grants up to €7,000 for new BEVs priced under €45,000, or €4,500 without scrapping older vehicles.

Rising Interest in Zero-Emission Transport Across Households and Businesses

Spanish households adopt electric cars to cut fuel costs and reduce pollution. Buyers prefer EVs for smooth driving and lower maintenance needs. Urban families switch to compact EV models for daily trips. Businesses deploy EV units to strengthen sustainability goals and meet client expectations. Charging access grows in offices and retail areas, which boosts user comfort. The Spain Electric Vehicle (EV) Market gains support from rising EV leasing plans. Local brands expand service centers to reduce downtime for users. Strong national focus on cleaner air lifts long-term EV demand.

For instance, new registrations of EVs in Spain jumped 45.1% in the first quarter of 2025 compared to the previous year, totalling 44,903 units.

Expansion of Charging Networks Across Cities, Highways, and Tourist Zones

Charging expansion plays a major role in Spain’s EV rise. New public chargers appear in malls, service stations, and local centers. Highways add fast chargers that support long-distance travel. Tourist regions deploy chargers to serve rental fleets and hotel guests. Municipal projects place stations near parking hubs to lift ease of use. Private firms install smart chargers that support load management. The Spain Electric Vehicle (EV) Market benefits from wider coverage that reduces range fear. This network expansion lifts trust among new buyers and supports faster uptake.

Growing EV Manufacturing, Local Assembly, and Supply Chain Strengthening

Spain sees active steps toward EV manufacturing and local assembly. Factories adopt new lines to produce electric models with higher efficiency. Local suppliers invest in battery-pack units and drive system parts. Logistics hubs support faster transport of EV components across regions. Workforce training supports fresh roles in electric mobility. The Spain Electric Vehicle (EV) Market gains strength through rising local production. Partnerships between global brands and Spanish plants lift technology exchange. This industrial build-out helps Spain improve long-term EV scale.

Market Trends:

Shift Toward Advanced Battery Packs With Higher Density and Faster Charging

The market moves toward battery packs that support longer range and quicker charging. Producers introduce new chemistries with better durability. Buyers choose cars that allow shorter charging stops during long trips. Urban fleets rely on stable battery performance for day-to-day routes. Energy firms deploy fast chargers that match next-gen battery needs. The Spain Electric Vehicle (EV) Market gains confidence through improved charging speeds. New platforms support safer thermal control for heavy use. These advances help grow trust among early and mainstream buyers.

For instance, Europe-wide data show that 60–80 kWh battery packs captured about 39.25% of the EV battery-pack market in 2024, highlighting a strong shift toward mid-capacity packs.

Rise of Smart Mobility Services Linked With Electric Fleets and Connected Tools

Smart mobility services expand across Spanish cities. Ride-hailing operators add EV models to lower emissions. Car-sharing firms deploy compact EVs for short-distance use. Connected tools support remote diagnostics for faster service. Fleets track battery status to avoid downtime during peak hours. The Spain Electric Vehicle (EV) Market sees interest in telematics that guide efficient routing. Municipal bodies use connected EV fleets for public tasks. This shift strengthens cleaner urban transport options.

For instance, fleet operators using EVs benefit from connected tools and remote diagnostics to monitor battery status and schedule maintenance, reducing downtime. Fleets track range and charging patterns to avoid overloading infrastructure during peak hours.

Growth of Renewable Integration With EV Charging Hubs and Energy Storage Uses

Renewable integration becomes a core trend across Spain. Solar and wind sites link to EV hubs for green charging. Storage units help stabilize supply during peak demand. Cities plan microgrids that support public chargers with clean energy. Energy firms test bidirectional systems for home and grid use. The Spain Electric Vehicle (EV) Market gains from interest in sustainable charging ecosystems. Hotels and malls adopt rooftop solar to power EV stations. This trend supports national energy goals.

Expansion of Software-Driven EV Features With OTA Updates and Predictive Functions

Software plays a larger role in EV adoption. Automakers deploy frequent over-the-air updates for new features. Predictive tools help drivers plan routes with nearby chargers. Virtual dashboards improve energy tracking and trip planning. Apps guide users to less crowded charging points. The Spain Electric Vehicle (EV) Market benefits from smart features that lift user comfort. Remote control functions help monitor charge levels. This software layer strengthens customer satisfaction.

Market Challenges Analysis:

Slow Charging Availability in Rural Areas and High Demand Pressure in Urban Zones

Charging gaps create friction for many regions. Rural zones face limited stations that reduce travel confidence. Urban zones see high demand that strains fast-charging availability. Power grid limits slow new installations across dense cities. Many buyers delay EV plans due to range fear. Fleet operators struggle during peak hours with long wait times. The Spain Electric Vehicle (EV) Market must address grid readiness issues. These constraints slow near-term progress.

High Upfront Costs, Limited Model Options, and Price Sensitivity Among Buyers

Upfront EV pricing remains a key barrier. Many households delay purchases due to budget limits. Affordable EV models stay limited in several segments. Used EV supply remains small, which reduces low-cost choices. Battery replacement fear still impacts buyer trust. Firms face cost pressure when expanding fleet sizes. The Spain Electric Vehicle (EV) Market must balance pricing with quality gains. Broader affordability will support wider adoption.

Market Opportunities:

Expansion of Fast-Charging Corridors, Tourism-Focused Infrastructure, and Smart Grid Links

Spain holds strong potential in developing tourism-based charging hubs. Hotels and resorts plan EV-ready parking to serve rising travellers. Highway corridors offer scope for fast-charging clusters. Energy firms test smart grid links that improve power balance. Rental fleets invest in EV units for tourist routes. The Spain Electric Vehicle (EV) Market can gain from targeted infrastructure growth. These moves open new revenue streams for operators. Broader access helps attract new EV users.

Growth of Local EV Production, Battery Assembly, and Green Manufacturing Incentives

Industrial zones offer strong potential for EV-related production. Plants can expand assembly lines for new electric models. Battery-pack units open new roles for local suppliers. Workforce upskilling programs support advanced manufacturing. Government incentives promote cleaner production methods. The Spain Electric Vehicle (EV) Market can benefit from strong industrial expansion. New partnerships help attract global investment. These advantages strengthen Spain’s EV position.

Market Segmentation Analysis:

By Type

The Spain Electric Vehicle (EV) Market expands across scooters, motorcycles, three-wheelers, passenger cars, and buses. Passenger cars hold strong preference due to wide model availability and rising family use. Scooters gain traction in dense cities where short trips dominate. Motorcycles attract younger commuters who seek quick urban mobility. Three-wheelers remain limited but serve last-mile tasks in select areas. Buses gain demand through public transport upgrades and fleet electrification. This mix shows diverse adoption across personal and commercial needs.

For instance, compact electric scooters and motorcycles gain traction in dense city areas, offering quick and cost-effective last-mile travel. Passenger cars remain dominant because of broad model availability and family usage.

By Propulsion Type

Battery Electric Vehicles lead due to wider charging access and strong efficiency gains. Plug-in Hybrid Electric Vehicles attract users who want flexibility during long trips. Fuel Cell Electric Vehicles stay niche because infrastructure growth remains slow. BEVs gain strong momentum through new model launches. PHEVs support users in remote regions where charger density stays low. FCEVs may scale when hydrogen corridors expand nationwide. This structure supports balanced buyer choice.

By Drive Type

Front-wheel drive platforms dominate due to lower cost and strong suitability for city travel. Rear-wheel drive models appeal to buyers who want better handling and higher torque. All-wheel drive gains interest among premium users who seek stability and performance. It benefits from rising EV SUV sales. This variety supports wide market coverage.

By Speed and Vehicle Class

Lower-speed EVs attract budget buyers and short-distance riders. Mid-range speed models suit regular commuters. High-speed EVs appeal to performance-focused users. Low-priced EVs support entry-level adoption. Mid-price units meet the needs of mainstream families. High-price EVs gain traction through luxury brands and advanced features.

Spain Electric Vehicle (EV) Market segmentation

Segmentation:

By Type

Scooters
Motorcycles
Three-Wheelers
Passenger Cars
Buses

By Propulsion Type

Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)

By Drive Type

Front-wheel Drive (FWD)
Rear-wheel Drive (RWD)
All-wheel Drive (AWD)

By Speed

Less Than 100 MPH
100 MPH to 125 MPH
Above 125 MPH

By Vehicle Class

Low Priced
Mid-Price
High Price

Regional Analysis:

Central Spain (Madrid and Surrounding Provinces)

The Spain Electric Vehicle (EV) Market shows its strongest momentum in Central Spain, led by Madrid, which holds an estimated 42% market share. Madrid gains this lead through dense charging coverage, strict low-emission zones, and high public transport electrification. Buyers in this region adopt EVs at a faster rate due to high income levels and strong urban mobility policies. Fleet operators upgrade vehicles to meet clean-air mandates placed across the metropolitan area. Charging operators expand fast-charging hubs to support commuter traffic. This region sets the national benchmark for EV penetration, and it supports growth for early adopters across Spain.

Catalonia and Eastern Spain (Barcelona, Valencia, and Coastal Regions)

Catalonia secures an estimated 33% market share, driven by Barcelona’s strong focus on sustainable transport and active EV infrastructure expansion. The region benefits from heavy tourism, which raises demand for electric rental fleets and hotel-based charging stations. Coastal cities deploy chargers along highways and parking hubs to support long-distance travel. Industrial areas near Barcelona and Valencia integrate EVs into logistics routes to cut fuel costs. The Spain Electric Vehicle (EV) Market gains steady contribution from this region through strong municipal backing. It also records consistent adoption among families who seek cleaner personal mobility.

Southern and Northern Spain (Andalusia, Basque Country, Galicia, and Others)

Southern and Northern Spain together hold an estimated 25% market share, with rising growth potential due to expanding charging corridors. Andalusia sees higher EV awareness as new chargers appear across major highways and regional capitals. Northern regions like the Basque Country support EV use through strong industrial investment and green policies. Adoption grows at a moderate pace because rural areas still face slower charger rollout. Tourism zones in the south help drive rental EV demand during peak seasons. This region strengthens long-term expansion as infrastructure gaps close and new incentives reach smaller cities.

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Key Player Analysis:

Tesla
BYD
Volkswagen
SEAT / Cupra
Audi
Renault
Hyundai
Kia
Peugeot
Citroën

Competitive Analysis:

The Spain Electric Vehicle (EV) Market features strong competition among global and domestic automakers that aim to secure early advantage in a fast-growing landscape. Leading brands strengthen portfolios with compact, mid-size, and premium models to meet diverse buyer needs. Charging operators compete through wider fast-charging access across major corridors. Fleet electrification drives higher demand for reliable suppliers with strong service networks. New entrants push innovation in battery range and smart features to gain attention. It benefits from rising investment in assembly units and supply chains. Competitive pressure drives continuous upgrades in performance, safety, and software.

Recent Developments:

In May 2025, SEAT S.A. announced critical production milestones at its Martorell facility in Barcelona. The company began pre-series assembly of battery systems at its newly constructed Euro 300 million battery plant spanning 64,000 square meters, with capacity to deliver up to 300,000 battery systems annually once fully operational. Simultaneously, pre-series production of body parts commenced for the CUPRA Raval and Volkswagen ID.2 using advanced PXL press technology, positioning both models for full-scale production launch in 2026.
In February 2025, Kia held its 2025 EV Day in Tarragona, Spain, marking a pivotal moment for the Korean automotive group’s European electrification strategy. The company unveiled the Kia EV4, its first dedicated electric sedan and hatchback, featuring two battery options: a standard 58.3kWh offering 430km WLTP range and a long-range 81.4kWh variant delivering range. The company also premiered the Concept EV2, previewing a future B-segment all-electric SUV, and the PV5, Kia’s first dedicated Platform Beyond Vehicle (PBV) model.

Report Coverage:

The research report offers an in-depth analysis based on Type, Propulsion Type, Drive Type, Speed, and Vehicle Class. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

Rising adoption will strengthen national mobility goals across cities and highways.
Charging expansion will support wider access for personal and commercial fleets.
Local assembly growth will improve supply stability and reduce import reliance.
New EV models will enhance range and performance, driving mainstream demand.
Smart software integration will raise interest in connected driving experiences.
Fleet electrification will accelerate through corporate sustainability targets.
Renewable-powered charging hubs will support the shift toward cleaner transport.
Incentive alignment across regions will help reduce market entry barriers.
Strong OEM competition will lift innovation across all EV categories.
Broader consumer awareness will support long-term adoption across Spain

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Spain Electric Vehicle (EV) Market Snapshot 21

2.1.1. Spain Electric Vehicle (EV) Market, Volume (Units) & Revenue (USD Million) 2018 – 2032 23

2.2. Insights from Primary Respondents 24

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 25

3.1. Russia-Ukraine and Israel-Palestine War Impacts 25

CHAPTER NO. 4 : SPAIN ELECTRIC VEHICLE (EV) MARKET – INDUSTRY ANALYSIS 26

4.1. Introduction 26

4.2. Market Drivers 27

4.2.1. Strong Government Incentives 27

4.2.2. Growing Charging Infrastructure 28

4.3. Market Restraints 29

4.3.1. High Upfront Vehicle Costs 29

4.4. Market Opportunities 30

4.4.1. Market Opportunity Analysis 30

4.5. Porter’s Five Forces Analysis 31

4.6. Value Chain Analysis 32

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 33

5.1. Import Analysis by Spain 33

5.1.1. Spain Electric Vehicle (EV) Market Import Revenue, By Spain, 2018 – 2023 33

5.2. Export Analysis by Spain 34

5.2.1. Spain Electric Vehicle (EV) Market Export Revenue, By Spain, 2018 – 2023 34

CHAPTER NO. 6 : ANALYSIS COMPETITIVE LANDSCAPE 35

6.1. Company Market Share Analysis – 2024 35

6.1.1. Spain Electric Vehicle (EV) Market: Company Market Share, by Revenue, 2024 35

6.1.2. Spain Electric Vehicle (EV) Market: Company Market Share, by Revenue, 2024 36

6.1.3. Spain Electric Vehicle (EV) Market: Top 6 Company Market Share, by Revenue, 2024 36

6.1.4. Spain Electric Vehicle (EV) Market: Top 3 Company Market Share, by Revenue, 2024 37

6.2. Spain Electric Vehicle (EV) Market Company Volume Market Share, 2024 38

6.3. Spain Electric Vehicle (EV) Market Company Revenue Market Share, 2024 39

6.4. Company Assessment Metrics, 2024 40

6.4.1. Stars 40

6.4.2. Emerging Leaders 40

6.4.3. Pervasive Players 40

6.4.4. Participants 40

6.5. Start-ups /SMEs Assessment Metrics, 2024 40

6.5.1. Progressive Companies 40

6.5.2. Responsive Companies 40

6.5.3. Dynamic Companies 40

6.5.4. Starting Blocks 40

6.6. Strategic Developments 41

6.6.1. Acquisitions & Mergers 41

New Product Launch 41

Spain Expansion 41

6.7. Key Players Product Matrix 42

CHAPTER NO. 7 : PESTEL & ADJACENT MARKET ANALYSIS 43

7.1. PESTEL 43

7.1.1. Political Factors 43

7.1.2. Economic Factors 43

7.1.3. Social Factors 43

7.1.4. Technological Factors 43

7.1.5. Environmental Factors 43

7.1.6. Legal Factors 43

7.2. Adjacent Market Analysis 43

CHAPTER NO. 8 : SPAIN ELECTRIC VEHICLE (EV) MARKET – BY TYPE SEGMENT ANALYSIS 44

8.1. Spain Electric Vehicle (EV) Market Overview, by Type Segment 44

8.1.1. Spain Electric Vehicle (EV) Market Revenue Share, By Type, 2023 & 2032 45

8.1.2. Spain Electric Vehicle (EV) Market Attractiveness Analysis, By Type 46

8.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 46

8.1.4. Spain Electric Vehicle (EV) Market Revenue, By Type, 2018, 2023, 2027 & 2032 47

8.2. Scooters 48

8.3. Motorcycles 49

8.4. Three-Wheelers 50

8.5. Passenger Cars 51

8.6. Buses 52

CHAPTER NO. 9 : SPAIN ELECTRIC VEHICLE (EV) MARKET – BY PROPULSION TYPE SEGMENT ANALYSIS 53

9.1. Spain Electric Vehicle (EV) Market Overview, by Propulsion Type Segment 53

9.1.1. Spain Electric Vehicle (EV) Market Revenue Share, By Propulsion Type, 2023 & 2032 54

9.1.2. Spain Electric Vehicle (EV) Market Attractiveness Analysis, By Propulsion Type 55

9.1.3. Incremental Revenue Growth Opportunity, by Propulsion Type, 2024 – 2032 55

9.1.4. Spain Electric Vehicle (EV) Market Revenue, By Propulsion Type, 2018, 2023, 2027 & 2032 56

9.2. Battery Electric Vehicle (BEV) 57

9.3. Plug-in Hybrid Electric vehicle (PHEV) 58

9.4. Fuel Cell Electric Vehicle (FCEV) 59

CHAPTER NO. 10 : SPAIN ELECTRIC VEHICLE (EV) MARKET – BY DRIVE TYPE SEGMENT ANALYSIS 60

10.1. Spain Electric Vehicle (EV) Market Overview, by Drive Type Segment 60

10.1.1. Spain Electric Vehicle (EV) Market Revenue Share, By End-user, 2023 & 2032 61

10.1.2. Spain Electric Vehicle (EV) Market Attractiveness Analysis, By End-user 62

10.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 62

10.1.4. Spain Electric Vehicle (EV) Market Revenue, By End-user, 2018, 2023, 2027 & 2032 63

10.2. Front-wheel Drive (FWD) 64

10.3. Rear-wheel Drive (RWD) 65

10.4. All-wheel Drive (AWD) 66

CHAPTER NO. 11 : SPAIN ELECTRIC VEHICLE (EV) MARKET – BY SPEED SEGMENT ANALYSIS 67

11.1. Spain Electric Vehicle (EV) Market Overview, by Speed Segment 67

11.1.1. Spain Electric Vehicle (EV) Market Revenue Share, By Speed, 2023 & 2032 68

11.1.2. Spain Electric Vehicle (EV) Market Attractiveness Analysis, By Speed 69

11.1.3. Incremental Revenue Growth Opportunity, by Speed, 2024 – 2032 69

11.1.4. Spain Electric Vehicle (EV) Market Revenue, By Speed, 2018, 2023, 2027 & 2032 70

11.2. Less Than 100 MPH 71

11.3. 100MPH to 125MPH 72

11.4. Above 125 MPH 73

CHAPTER NO. 12 : SPAIN ELECTRIC VEHICLE (EV) MARKET – BY VEHICLE CLASS SEGMENT ANALYSIS 74

12.1. Spain Electric Vehicle (EV) Market Overview, by Vehicle Class Segment 74

12.1.1. Spain Electric Vehicle (EV) Market Revenue Share, By Distribution Channel, 2023 & 2032 75

12.1.2. Spain Electric Vehicle (EV) Market Attractiveness Analysis, By Distribution Channel 76

12.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032 76

12.1.4. Spain Electric Vehicle (EV) Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 77

12.2. Low Priced 78

12.3. Mid-Price 79

12.4. High Price 80

CHAPTER NO. 13 : SPAIN ELECTRIC VEHICLE (EV) MARKET –ANALYSIS 81

13.1. Type 81

13.1.1. Spain Electric Vehicle (EV) Market Revenue, By Type, 2018 – 2023 (USD Million) 81

13.1.2. Spain Electric Vehicle (EV) Market Revenue, By Type, 2024 – 2032 (USD Million) 81

13.1.3. Spain Electric Vehicle (EV) Market Volume, By Type, 2018 – 2023 (Units) 82

13.1.4. Spain Electric Vehicle (EV) Market Volume, By Type, 2024 – 2032 (Units) 82

13.2. Propulsion Type 83

13.2.1. Spain Electric Vehicle (EV) Market Revenue, By Propulsion Type, 2018 – 2023 (USD Million) 83

13.2.2. Spain Electric Vehicle (EV) Market Revenue, By Propulsion Type, 2024 – 2032 (USD Million) 83

13.2.3. Spain Electric Vehicle (EV) Market Volume, By Propulsion Type, 2018 – 2023 (Units) 84

13.2.4. Spain Electric Vehicle (EV) Market Volume, By Propulsion Type, 2024 – 2032 (Units) 84

13.3. Drive Type 85

13.3.1. Spain Electric Vehicle (EV) Market Revenue, By Drive Type, 2018 – 2023 (USD Million) 85

13.3.2. Spain Electric Vehicle (EV) Market Revenue, By Drive Type, 2024 – 2032 (USD Million) 85

13.3.3. Spain Electric Vehicle (EV) Market Volume, By Drive Type, 2018 – 2023 (Units) 86

13.3.4. Spain Electric Vehicle (EV) Market Volume, By Drive Type, 2024 – 2032 (Units) 86

13.4. Speed 87

13.4.1. Spain Electric Vehicle (EV) Market Revenue, By Speed, 2018 – 2023 (USD Million) 87

13.4.2. Spain Electric Vehicle (EV) Market Revenue, By Speed, 2024 – 2032 (USD Million) 87

13.4.3. Spain Electric Vehicle (EV) Market Volume, By Speed, 2018 – 2023 (Units) 88

13.4.4. Spain Electric Vehicle (EV) Market Volume, By Speed, 2024 – 2032 (Units) 88

13.5. Vehicle Class 89

13.5.1. Spain Electric Vehicle (EV) Market Revenue, By Vehicle Class, 2018 – 2023 (USD Million) 89

13.5.2. Spain Electric Vehicle (EV) Market Revenue, By Vehicle Class, 2024 – 2032 (USD Million) 89

13.5.3. Spain Electric Vehicle (EV) Market Volume, By Vehicle Class, 2018 – 2023 (Units) 90

13.5.4. Spain Electric Vehicle (EV) Market Volume, By Vehicle Class, 2024 – 2032 (Units) 90

CHAPTER NO. 14 : COMPANY PROFILES 91

14.1. Tesla 91

14.1.1. Company Overview 91

14.1.2. Product Portfolio 91

14.1.3. Swot Analysis 91

14.1.4. Business Strategy 91

14.1.5. Financial Overview 92

14.2. BYD 93

14.3. Volkswagen 93

14.4. SEAT / Cupra 93

14.5. Audi 93

14.6. Renault 93

14.7. Hyundai 93

14.8. Kia 93

14.9. Peugeot 93

14.10. Citroën 93

14.11. Company 11 93

14.12. Company 12 93

14.13. Company 13 93

14.14. Company 14 93

List of Figures

FIG NO. 1. Spain Electric Vehicle (EV) Market, Volume (Units) & Revenue (USD Million) 2018 – 2032 23

FIG NO. 2. Porter’s Five Forces Analysis for Spain Electric Vehicle (EV) Market 31

FIG NO. 3. Value Chain Analysis for Spain Electric Vehicle (EV) Market 32

FIG NO. 4. Spain Electric Vehicle (EV) Market Import Revenue, By Spain, 2018 – 2023 33

FIG NO. 5. Spain Electric Vehicle (EV) Market Export Revenue, By Spain, 2018 – 2023 34

FIG NO. 6. Company Share Analysis, 2024 35

FIG NO. 7. Company Share Analysis, 2024 36

FIG NO. 8. Company Share Analysis, 2024 36

FIG NO. 9. Company Share Analysis, 2024 37

FIG NO. 10. Spain Electric Vehicle (EV) Market – Company Volume Market Share, 2024 38

FIG NO. 11. Spain Electric Vehicle (EV) Market – Company Revenue Market Share, 2024 39

FIG NO. 12. Spain Electric Vehicle (EV) Market Revenue Share, By Type, 2023 & 2032 45

FIG NO. 13. Market Attractiveness Analysis, By Type 46

FIG NO. 14. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 46

FIG NO. 15. Spain Electric Vehicle (EV) Market Revenue, By Type, 2018, 2023, 2027 & 2032 47

FIG NO. 16. Spain Electric Vehicle (EV) Market for Scooters, Volume (Units) & Revenue (USD Million) 2018 – 2032 48

FIG NO. 17. Spain Electric Vehicle (EV) Market for Motorcycles, Volume (Units) & Revenue (USD Million) 2018 – 2032 49

FIG NO. 18. Spain Electric Vehicle (EV) Market for Three-Wheelers, Volume (Units) & Revenue (USD Million) 2018 – 2032 50

FIG NO. 19. Spain Electric Vehicle (EV) Market for Passenger Cars, Volume (Units) & Revenue (USD Million) 2018 – 2032 51

FIG NO. 20. Spain Electric Vehicle (EV) Market for Buses, Volume (Units) & Revenue (USD Million) 2018 – 2032 52

FIG NO. 21. Spain Electric Vehicle (EV) Market Revenue Share, By Propulsion Type, 2023 & 2032 54

FIG NO. 22. Market Attractiveness Analysis, By Propulsion Type 55

FIG NO. 23. Incremental Revenue Growth Opportunity by Propulsion Type, 2024 – 2032 55

FIG NO. 24. Spain Electric Vehicle (EV) Market Revenue, By Propulsion Type, 2018, 2023, 2027 & 2032 56

FIG NO. 25. Spain Electric Vehicle (EV) Market for Battery Electric Vehicle (BEV), Volume (Units) & Revenue (USD Million) 2018 – 2032 57

FIG NO. 26. Spain Electric Vehicle (EV) Market for Plug-in Hybrid Electric vehicle (PHEV), Volume (Units) & Revenue (USD Million) 2018 – 2032 58

FIG NO. 27. Spain Electric Vehicle (EV) Market for Fuel Cell Electric Vehicle (FCEV), Volume (Units) & Revenue (USD Million) 2018 – 2032 59

FIG NO. 28. Spain Electric Vehicle (EV) Market Revenue Share, By End-user, 2023 & 2032 61

FIG NO. 29. Market Attractiveness Analysis, By End-user 62

FIG NO. 30. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 62

FIG NO. 31. Spain Electric Vehicle (EV) Market Revenue, By End-user, 2018, 2023, 2027 & 2032 63

FIG NO. 32. Spain Electric Vehicle (EV) Market for Front-wheel Drive (FWD), Volume (Units) & Revenue (USD Million) 2018 – 2032 64

FIG NO. 33. Spain Electric Vehicle (EV) Market for Rear-wheel Drive (RWD), Volume (Units) & Revenue (USD Million) 2018 – 2032 65

FIG NO. 34. Spain Electric Vehicle (EV) Market for All-wheel Drive (AWD), Volume (Units) & Revenue (USD Million) 2018 – 2032 66

FIG NO. 35. Spain Electric Vehicle (EV) Market Revenue Share, By Speed, 2023 & 2032 68

FIG NO. 36. Market Attractiveness Analysis, By Speed 69

FIG NO. 37. Incremental Revenue Growth Opportunity by Speed, 2024 – 2032 69

FIG NO. 38. Spain Electric Vehicle (EV) Market Revenue, By Speed, 2018, 2023, 2027 & 2032 70

FIG NO. 39. Spain Electric Vehicle (EV) Market for Less Than 100 MPH, Volume (Units) & Revenue (USD Million) 2018 – 2032 71

FIG NO. 40. Spain Electric Vehicle (EV) Market for 100MPH to 125MPH, Volume (Units) & Revenue (USD Million) 2018 – 2032 72

FIG NO. 41. Spain Electric Vehicle (EV) Market for Above 125 MPH, Volume (Units) & Revenue (USD Million) 2018 – 2032 73

FIG NO. 42. Spain Electric Vehicle (EV) Market Revenue Share, By Distribution Channel, 2023 & 2032 75

FIG NO. 43. Market Attractiveness Analysis, By Distribution Channel 76

FIG NO. 44. Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032 76

FIG NO. 45. Spain Electric Vehicle (EV) Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032 77

FIG NO. 46. Spain Electric Vehicle (EV) Market for Low Priced, Volume (Units) & Revenue (USD Million) 2018 – 2032 78

FIG NO. 47. Spain Electric Vehicle (EV) Market for Mid-Price, Volume (Units) & Revenue (USD Million) 2018 – 2032 79

FIG NO. 48. Spain Electric Vehicle (EV) Market for High Price, Volume (Units) & Revenue (USD Million) 2018 – 2032 80

List of Tables

TABLE NO. 1. : Spain Electric Vehicle (EV) Market: Snapshot 21

TABLE NO. 2. : Drivers for the Spain Electric Vehicle (EV) Market: Impact Analysis 27

TABLE NO. 3. : Restraints for the Spain Electric Vehicle (EV) Market: Impact Analysis 29

TABLE NO. 4. : Spain Electric Vehicle (EV) Market Revenue, By Type, 2018 – 2023 (USD Million) 81

TABLE NO. 5. : Spain Electric Vehicle (EV) Market Revenue, By Type, 2024 – 2032 (USD Million) 81

TABLE NO. 6. : Spain Electric Vehicle (EV) Market Volume, By Type, 2018 – 2023 (Units) 82

TABLE NO. 7. : Spain Electric Vehicle (EV) Market Volume, By Type, 2024 – 2032 (Units) 82

TABLE NO. 8. : Spain Electric Vehicle (EV) Market Revenue, By Propulsion Type, 2018 – 2023 (USD Million) 83

TABLE NO. 9. : Spain Electric Vehicle (EV) Market Revenue, By Propulsion Type, 2024 – 2032 (USD Million) 83

TABLE NO. 10. : Spain Electric Vehicle (EV) Market Volume, By Propulsion Type, 2018 – 2023 (Units) 84

TABLE NO. 11. : Spain Electric Vehicle (EV) Market Volume, By Propulsion Type, 2024 – 2032 (Units) 84

TABLE NO. 12. : Spain Electric Vehicle (EV) Market Revenue, By Drive Type, 2018 – 2023 (USD Million) 85

TABLE NO. 13. : Spain Electric Vehicle (EV) Market Revenue, By Drive Type, 2024 – 2032 (USD Million) 85

TABLE NO. 14. : Spain Electric Vehicle (EV) Market Volume, By Drive Type, 2018 – 2023 (Units) 86

TABLE NO. 15. : Spain Electric Vehicle (EV) Market Volume, By Drive Type, 2024 – 2032 (Units) 86

TABLE NO. 16. : Spain Electric Vehicle (EV) Market Revenue, By Speed, 2018 – 2023 (USD Million) 87

TABLE NO. 17. : Spain Electric Vehicle (EV) Market Revenue, By Speed, 2024 – 2032 (USD Million) 87

TABLE NO. 18. : Spain Electric Vehicle (EV) Market Volume, By Speed, 2018 – 2023 (Units) 88

TABLE NO. 19. : Spain Electric Vehicle (EV) Market Volume, By Speed, 2024 – 2032 (Units) 88

TABLE NO. 20. : Spain Electric Vehicle (EV) Market Revenue, By Vehicle Class, 2018 – 2023 (USD Million) 89

TABLE NO. 21. : Spain Electric Vehicle (EV) Market Revenue, By Vehicle Class, 2024 – 2032 (USD Million) 89

TABLE NO. 22. : Spain Electric Vehicle (EV) Market Volume, By Vehicle Class, 2018 – 2023 (Units) 90

TABLE NO. 23. : Spain Electric Vehicle (EV) Market Volume, By Vehicle Class, 2024 – 2032 (Units) 90

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Frequently Asked Questions

What is the current market size for Spain EV Market, and what is its projected size in 2032?

The Spain Electric Vehicle (EV) Market reached USD 7,377.5 million in 2024 and is projected to hit USD 23,096.3 million by 2032. The Spain Electric Vehicle (EV) Market continues to expand through steady policy support and rising EV demand.

At what Compound Annual Growth Rate is the Spain EV Market projected to grow between 2024 and 2032?

The Spain Electric Vehicle (EV) Market is expected to grow at a CAGR of 15.50% during the forecast period. This pace reflects strong charging coverage, supportive incentives, and rising consumer interest.

Which Spain EV Market segment held the largest share in 2024?

In 2024, the BEV segment held the largest share of the Spain EV Market, driven by strong consumer preference and policy support.

What are the primary factors fueling the growth of the Spain EV Market?

Government incentives, charging infrastructure expansion, rising sustainability awareness, and automotive industry innovation are the key drivers of the Spain EV Market.

Who are the leading companies in the Spain EV Market?

Leading companies in the Spain EV Market include Volkswagen, BMW, Mercedes-Benz, Tesla, Volvo, Audi, Skoda, Renault, and Kia.

About Author

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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