Toyota small EV 2012.automotiveIT

Toyota is one of many automakers planning an EV next year (Source: Toyota)

A German management consultancy predicts that electric vehicle sales will grow faster in Germany than previously expected.

In a study conducted with the SIIE research institute and the EBS business school, consultants Horvath & Partners concluded that Germany may have 2 million EVs on its roads by 2020. That's twice as many as the government has set as its official goal.

The study was based on interviews with executives in 250 companies.

Horvath said participating companies expect that about 4 million hybrid vehicles will make up 8.5 pc of the projected 47.5 million cars on Germany's roads by 2020. There will be 2 million electric vehicles, representing 4.2 pc of the car parc. Those include battery-powered vehicles with or without range extenders and plug-in electric vehicles. Hydrogen powered cars will make up slightly more than 1 pc of all vehicles, Horvath said.

The consultants noted that, if that trend continues, Germany would have 7.5 million EVs on the road by 2025. By 2030, every second vehicle would be electrically propelled.

Optimism about EV growth is underpinned by several factors, Horvath said. "Next to objective factors like the clear reduction in battery prices and the increased attractiveness of the cars on offer, an important role is played by society's positive acceptance of new powertrains," said Matthias Deeg, e-mobility expert at Horvath & Partners.