New battery-electric car registrations peaked at over ****** in both September 2024. March and September often register higher sales due to the release of new registration plates. In 2023, battery-electric vehicle sales accounted for **** percent of the market.

** percent of respondents driving an electric vehicle in the United Kingdom as of November 2021 identified as men, with ** percent of respondents identifying as women. Electric vehicles made up around **** percent of the new passenger car registrations in the UK in 2021.

Close to ********* of the surveyed electric vehicle drivers were over the age of 55, making it the largest age group for electric vehicle drivers in the United Kingdom. By contrast, people below the age of 25 only represented *** percent of the total electric vehicle drivers.

This publication has been produced by Central Statistics and Research Branch (CSRB). It contains information on people’s awareness of and attitudes towards electric cars and the factors that would encourage or discourage them from buying an electric vehicle. Source agency: Regional Development (Northern Ireland) Designation: Official Statistics not designated as National Statistics Language: English Alternative title: E-Cars research

Around ****** new Tesla Model Ys were registered in the United Kingdom in 2023, making it the best-selling battery-electric vehicle model in the country that year. The MG 4 and Audi Q4 e-tron completed the top three. Tesla's Model Y was also the global best-selling electric vehicle model in 2023.

In 2023, some ******* new electric cars were registered in the United Kingdom. This was a year-over-year increase of **** percent compared to 2022 and over double the sales recorded in 2020. Overall, electric vehicle sales have steadily grown since 2015. A growing electric vehicle market and fleet Electric vehicles have been gaining market share in the United Kingdom. Since 2021, battery-electric vehicles overtook diesel vehicles and have been the second most popular fuel type in the country through 2022. The South East was the region of England with the largest electric car market, at around ****** new registrations in 2022, followed by the North West and South West. This increase in sales translates to a sharp rise in the UK electric vehicle fleet, which surpassed *********** units in 2022. Most of the vehicles in the electric car parc were battery-electric. Charging infrastructure and its challenges While the UK electric car fleet is steadily growing, the public charging infrastructure has also been on the rise. By July 2023, there were over ****** publicly available charging points in the United Kingdom. However, most of these chargers were alternating current chargers, which were typically slower than their direct current counterparts. Accessibility is also one of the leading hurdles for the UK charging network. Most public charging points were destination charging, typically located at the end of a driver's journey in areas such as retail car parks or education areas, and were not open around the clock, which presents challenges in how electric vehicle owners can recharge their vehicles without turning to private home charging.

Learn how a looming PS2,000 tax on electric vehicles is sparking a sales surge, revealing potential impacts on future EV purchases and market dynamics in the UK.

The UK government announces new incentives to reduce electric vehicle costs, including PS700 million in subsidies and a PS2.5 billion program to aid automakers in transitioning to zero-emission vehicles.

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Electric Car Market Size 2025-2029

The electric car market size is forecast to increase by USD 2898.1 billion, at a CAGR of 38.5% between 2024 and 2029.

The market witnesses a surging demand and sales of Battery Electric Vehicles (BEVs) globally, driven by increasing environmental concerns and government initiatives to reduce carbon emissions. This trend is further fueled by the continuous launch of new electric car models across various sectors, including luxury (Tesla Model S) and mass-market (Nissan Leaf) segments. However, the high cost of ownership of BEVs, primarily due to the expensive batteries, poses a significant challenge for market growth. Additionally, the infrastructure development for charging stations and the limited driving range of these vehicles are other obstacles that need to be addressed to accelerate market penetration. Companies seeking to capitalize on this market's potential must focus on reducing battery costs and expanding charging infrastructure while offering competitive pricing and improved driving range to attract more consumers.

What will be the Size of the Electric Car Market during the forecast period?

Request Free SampleThe electric vehicle market continues to evolve, driven by advancements in technology and shifting consumer preferences. Electric buses are increasingly adopted in public transportation systems, while electric vehicle policy encourages their use in various sectors. Fire safety and regenerative braking are crucial considerations in the design of these vehicles. Smart cities are integrating electric vehicles into their urban mobility plans, with charging infrastructure becoming a key component. Fuel cell technology and battery technology, including solid-state batteries, are advancing, offering potential solutions to range anxiety and battery life concerns. Commercial electric vehicles, from delivery trucks to utility vehicles, are gaining traction, and the supply chain is adapting to meet the growing demand. Sustainable transportation and emissions reduction are primary objectives, with micro mobility options like electric scooters and bicycles also gaining popularity. The ongoing evolution of electric vehicle software, including over-the-air updates, and advancements in battery management systems are essential to optimizing performance and efficiency. The integration of electric vehicles into public transportation and workplace charging stations further expands their reach. Electric vehicle manufacturing is adapting to meet the demands of this dynamic market, with a focus on lightweight materials and efficient production processes. The market's continuous unfolding is shaped by government incentives, battery recycling, power electronics, and the development of electric vehicle maintenance and recycling programs. The electric vehicle landscape is constantly shifting, with new applications and innovations emerging in the realm of electric motorcycles, electric bicycles, and electric trucks.

How is this Electric Car Industry segmented?

The electric car industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Vehicle TypeBEVPHEVTypeHatchbackSedanOthersDistribution ChannelOEMsDealershipsOnline RetailVehicle ClassPassenger CarsLight Commercial VehiclesHeavy Commercial VehiclesPrice SegmentEconomyMid-rangePremiumLuxuryBattery TechnologyLithium-ionSolid-stateLithium-iron-phosphateGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaRest of World (ROW)

By Vehicle Type Insights

The bev segment is estimated to witness significant growth during the forecast period.The Battery Electric Vehicle (BEV) segment is leading the market, fueled by growing environmental consciousness and stricter emission regulations. BEVs, which operate solely on electricity stored in batteries, present a cleaner alternative to conventional vehicles. This trend is reinforced by government incentives and advancements in battery technology, including solid-state and lithium-ion batteries, which enhance range, performance, and affordability. Additionally, the increasing investment in EV charging infrastructure globally supports the expansion of the BEV segment. Hybrid Electric Vehicles (HEVs) and other electric vehicles, such as electric scooters, motorcycles, utility vehicles, buses, trucks, and delivery vehicles, also contribute to the market's growth. Innovations in electric vehicle software, design, and maintenance, including over-the-air updates, battery management systems, and recycling, further boost market momentum. The integration of electric vehicles into public transportation systems, workplaces, and smart cities, as well as the adoption of fuel cell technology and regenerative braking, are shaping the future of sustainable transpo

Electric vehicle charging infrastructure statistics, including publicly available devices and grants provided by the Office for Zero Emission Vehicles (OZEV).

• Latest electric vehicle charging device statistics
• Latest electric vehicle charging device grant scheme statistics
• Archived data and past reports
• About electric vehicle charging infrastructure statistics

Results from the Opinions and Lifestyle Survey on attitudes to electric vehicles, Great Britain, 8 to 19 September 2021 and 22 September to 3 October 2021

In the second quarter of 2025, around ***** BYD Seal were registered for the first time in the United Kingdom. Tesla's Model Y also ranked in the top three best-selling electric vehicles, with some ***** sales that quarter.

This shows the proportion of publicly available electric vehicle charging devices per 100,000 population. This figure is based on charging devices at all speeds.

Speed Categories:

Before 1st October 2023:

 Slow Charging Devices: 3kW to 6kW
 Fast Charging Devices: 7kW to 22kW
 Rapid Charging Devices: 25kW to 100kW
 Ultra Rapid Charging Devices: 100kW+

From 1st October 2023:

 Slow Charging Devices: 3kW to 8kW
 Fast Charging Devices: 8kW to 49kW
 Rapid Charging Devices: 50kW to 149kW
 Ultra Rapid Charging Devices: 150kW+

Charging Device Details: A device can have a number of connectors of varying speeds. Rapid Charging Devices are those whose fastest connector is rated at 50kW or above (previously 25kW or above).

Public Location Categories:

On street: Charging devices located on residential streets only. En route: Charging devices located for charging to continue a journey. Includes motorway service areas, service stations, electric forecourts, ferry terminals, and 50kW+ devices in hotels, restaurants, and attractions. Destination: Charging devices located at the end of an EV journey or where a driver may typically stop for an extended period. Includes:

 50kW+ and 49kW and below devices in retail car parks, leisure, education areas, and transport (except ferries)
 49kW and below devices at hotels and restaurants

Other: Semi-public devices with access restrictions, such as workplace car parks and dealership forecourts.

Data Sources:

Zap-map: Location data sourced from the electric vehicle charging platform. ONS: Rates sourced from the Office for National Statistics (ONS) Mid-year population estimates.

Note: Charging devices not open to the public, such as private or domestic chargers, are excluded. Data represents devices reported as operational at midnight on the first working day of the next quarter. Devices available in previous quarters may have been decommissioned or become temporarily unavailable.

Data is Powered by LG Inform Plus and automatically checked for new data on the 3rd of each month.

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Electric Vehicle (EV) Market Size 2025-2029

The electric vehicle (ev) market size is valued to increase by USD 446.4 billion, at a CAGR of 16.4% from 2024 to 2029. Growing demand for low-emission vehicles will drive the electric vehicle (ev) market.

Market Insights

APAC dominated the market and accounted for a 59% growth during the 2025-2029.
By Type - BEV segment was valued at USD 173.00 billion in 2023
By Charging - Normal charging segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 202.70 billion 
Market Future Opportunities 2024: USD 446.40 billion
CAGR from 2024 to 2029 : 16.4%

Market Summary

The market is experiencing significant growth driven by increasing global concerns over climate change and the need for sustainable transportation solutions. Governments worldwide are implementing policies to reduce carbon emissions, leading to a surge in demand for EVs. Furthermore, advancements in battery technology have improved EV range and reduced charging times, making them a more viable alternative to traditional Internal Combustion Engine (ICE) vehicles. However, the EV market faces challenges, primarily the insufficient charging infrastructure. As the number of EVs on the road increases, the demand for charging stations grows, and current infrastructure struggles to keep pace. This issue is particularly acute in rural areas and developing countries, where charging stations are scarce. A real-world business scenario illustrates the importance of addressing this challenge. A logistics company, aiming for operational efficiency and compliance with emissions regulations, invests in a fleet of EVs. However, the lack of charging infrastructure forces the company to frequently divert trucks to cities to recharge, increasing operational costs and delivery times. To mitigate this issue, the company collaborates with local governments and utilities to expand charging infrastructure, ensuring efficient and sustainable operations. In conclusion, the EV market is poised for growth, driven by environmental concerns and technological advancements. However, the insufficient charging infrastructure poses a significant challenge that must be addressed to fully realize the potential of this market.

What will be the size of the Electric Vehicle (EV) Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market continues to evolve, with automotive battery technology at its core. Companies are investing heavily in battery cell manufacturing to improve energy density and reduce charging time. Charging time optimization is a significant concern for consumers, and advancements in high-power battery chargers and smart charging algorithms are addressing this issue. Furthermore, vehicle-to-grid integration and powertrain electrification components are transforming the EV landscape, enabling energy efficiency and grid stability. Electric vehicle infrastructure development is accelerating, with an increasing focus on vehicle electrification technology, electric motor controllers, and power semiconductor devices. Range-extending generators and battery recycling processes are also gaining traction, ensuring the sustainability of the EV market. As businesses navigate this dynamic industry, they must consider electric vehicle regulations and battery management algorithms to ensure compliance and optimize their product strategy. Lithium-ion battery packs remain the dominant technology, but research and development in alternative battery types, such as solid-state batteries, are ongoing. The EV market's growth is driven by the need for cleaner transportation and the increasing availability of charging infrastructure. With continuous advancements in battery technology and charging infrastructure, the future of the EV market looks promising.

Unpacking the Electric Vehicle (EV) Market Landscape

Electric Vehicles (EVs) represent a significant shift in the global automotive landscape, with battery electric vehicles (BEVs) leading the charge. According to industry data, BEVs accounted for 3.1% of global new passenger car sales in 2020, marking a 40% increase from the previous year. This trend is driven by several business-critical factors.

Range anxiety mitigation through advanced energy storage systems and fast charging infrastructure has improved electric vehicle architecture, enabling longer ranges and shorter refueling times. Lightweight materials and powertrain efficiency enhancements have led to a 10% reduction in energy consumption per mile compared to conventional internal combustion engine vehicles. Furthermore, the integration of onboard charger design, solid-state batteries, and motor drive inverters has resulted in electric motor efficiency improvements of up to 95%.

Battery life cycle management and power

As of December 2024, ** percent of consumers in the United Kingdom who had decided to acquire an electric vehicle had been motivated by the potential lower fuel costs of this vehicle type. Around **** of these consumers mentioned concern for the environment as another leading factor impacting their purchase.

In 2023, around ******* new electric passenger cars were registered in the South East region of England, making it the largest electric vehicle market that year. The North West and South West regions also recorded high electric car sales volumes, at near ****** and ****** new registrations respectively.