Amazing information about the EV market in the UK,
The UK, or United Kingdom, is a country known for its rich history of kings and queens. Are we seeing the rapid growth of electric vehicles (EVs) in the UK market?
How fast is the UK climbing the ranks in EV adoption? Following Brexit, there were some bruises in the European partnerships and rich histories of collaboration.
However, the recent trip by UK Prime Minister Keir Starmer to Germany seems to show signs of healing and a positive signal for renewed cooperation. We’ll have to wait and see what the future holds.
Let’s read about the EV market in the UK and its cosmic overview: –
- Total EV fleet
The UK’s EV fleet comprises battery electric, plug-in hybrid electric, and extended-range electric vehicles, surpassing 1.04 million cars.
- New EV registrations
Nearly 315,000 battery-electric cars were registered in 2023 in the UK. It showed an impressive 18% growth compared to 2022. Hence, the EV revolution is in full swing.
- Market share
A survey conducted in 2022 shows that Brits were 64% more likely to buy an EV than the global average.
- Top EV Models
In 2022, Tesla dominated the EV market in the UK. The Tesla Model Y led the pack with 35,551 sales, followed by the Tesla Model 3 with 19,071 sales. Kia e-Niro, Volkswagen ID.3, and the Nissan Leaf are some popular models in the EV market.
- New market entrants?
China’s MG is a mark in the UK EV market, where MG5 EVs are at the cosmic party with 7,030 sales.
Who are the best EV competitors?
- Tesla Model Y is breaking the barriers and is mostly likely to be an overachiever.
- Fiat 500e, the most stylish city car.
- BYD Atto 3, the most Quirky and comfortable vehicle in the market.
- Kia e-Niro, is a reliable choice with a decent range.
- Volkswagen ID.3.
It is an impressive scenario where Tesla holds a strong foot in the UK market, and the expansion of the EV with a strong charging infrastructure is beyond anyone’s imagination.
In 2023, the European EV market is expected to reach nearly 3.2 million registrations, showing a robust 20% growth compared to 2022. In the EU, sales amounted to 2.4 million EVs, with similar growth rates.
The UK market in 2022, with 1.04 million EVs and new EV registrations, hit an impressive growth of 18%, with 315,000 battery electric cars.
Well, Tesla, Kia, and MG models are shining the bright roads perfectly with full brightness.
Now we need to see whether the UK and Europe market in terms of EVs can be compared. How about the revenues?
Sources:- Finder, zap map, Auto Express, Statista, MER, PWC, Review 42, citaevcharger, UK Gov, Bolt Earth, Parkers, IEA, Fortune business insights
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