Electric Vehicle Sales Projections Uk

The growth in electric vehicles evs and hybrid electric vehicles hevs is climbing and by 2025 evs and hevs will account for an estimated 30 of all vehicle sales.

Electric vehicle sales projections uk.

Auto analysts and economists do not agree on future us auto sales but for our forecast we are assuming that auto sales will see a modest decline over the next several years do to a slowing economy changing purchase behavior including consumers holding onto cars longer and forgoing second and third cars by sharing and use of ride sharing services. The electric share of total vehicle sales is still small but it is rising fast. Enrich your understanding of global ev sales and macro oil outlook metals and power demand impacts. 1 3 how many electric vehicles are on uk roads.

Volkswagen and the leading german car manufacturers have huge ambitions for electric car sales up to 2030 but their hopes are way ahead of serious forecasts. Government measures to encourage uptake of evs 7. Hybrid and plug in electric vehicles are tipped to account for over 10 percent of car registrations in the united kingdom in 2020. This could prove an expensive mistake.

The people s republic of china remains the world s largest electric car market followed by europe and the united states. Projections by national grid suggest that the uk stock of evs could reach between 2 7 and 10 6 million by 2030 and could rise as high as 36 million. In 2018 the global electric car fleet exceeded 5 1 million up 2 million from the previous year and almost doubling the number of new electric car sales. Markets like china and parts of europe achieve much higher penetrations but lower adoption in emerging markets reduces the global average.

Electric car market share trends from now to 2040. Comparatively in 2016 just under 1 million vehicles or 1 of global auto sales came from plug in electric vehicles pevs. The uk is among europe s largest markets for electric vehicle sales. Changes in the british company car tax regime and the increased availability of electric cars are the main contributing factors to the predicted sharp increase in electric car sales in the uk in 2020.

By 2040 over half of all passenger vehicles sold will be electric. Ev share of new car sales. Norway is the global leader in terms of electric car market share. If the forecast is correct new electric car sales in britain in 2020 will have to be 260 higher than in 2019.