Key Market Indicators
The registration of electric vehicles (EVs) in the United Kingdom is projected to hit approximately 107,000 units by 2028, up from around 86,000 units in 2023. This represents an average annual growth rate of 3.2%. Since 2019, the British EV market has seen a robust average annual growth of 7.6%. Despite this steady increase, the UK ranked 10th in electric vehicle registrations in 2023. Denmark surpassed the UK with the same number of registrations, approximately 86,000 units. In the broader European context, Sweden, Italy, and the Netherlands occupied the second, third, and fourth spots, respectively, in the ranking for EV registrations.
Latest reports
UK Electric Vehicle Market Report- Q4 2024
The fourth quarter of 2024 marked a pivotal period for the UK electric vehicle (EV) market, characterized by robust growth in battery electric...
UK Electric Vehicle Market Report - Q4 2024
The fourth quarter of 2024 marks a pivotal period for the Electric Vehicle (EV) market in the United Kingdom, driven by robust government...
