This article introduces the current status and development trends of new energy vehicles in Europe, covering the European auto market, the EU’s carbon emission regulations, the new energy promotion policies of EU governments, and the new energy vehicle strategies and technical road-maps of European original equipment manufactures (OEMs). Although the long-term goals of new energy vehicles of major European OEMs are different, because they must comply with the same CO2 emission regulations, the short-term technical road-maps are similar, that is, pure electric and plug-in hybrid vehicles go hand in hand. In terms of power batteries, European OEMs have all adopted lithium ion battery technology; In terms of pure electric powertrain system, European OEMs basically adopt the configuration of drive motor combined with single speed reducer; In terms of hybrid powertrain systems, the choice of European OEMs is based on the parallel structure, which has not only potential for optimizing energy transmission efficiency, enriching working modes, but also giving full play to the traditional advantages of European OEMs in engine and transmission technology. It is worth mentioning that dedicated hybrid transmission (DHT) technology has been successfully launched in Europe. This technology can give full play to the advantages of electrified powertrains and is forming a development trend. The EU’s strict CO2 emission regulations are the biggest driving force to ensure the sustainable development of new energy vehicles in the next few decades. Europe’s strength in traditional automotive technology, production, and sales is also becoming a strong advantage in the development of its new energy vehicles. It is expected that in the next ten years, the share of new energy vehicles in Europe will continue to grow steadily, and new energy vehicles will dominate the European market before 2040