According to recent figures from electric vehicle leasing firm DriveElectric, battery electric vehicles are set to overtake ICEs in the UK car market by 2025.
The figures show one-third of used car sales will be EVs by 2030 – and will be 10% of the entire British car market by 2030.
By 2025, the current 3.1% of UK cars – around 400,000 EVs – is expected to double to an estimated 6%. EVs will then be a fifth of the whole market by 2030 with 6.4 million EVs forecast.
It comes as ICE continues to fall year-on-year with diesel falling by 3% of the market and petrol by 2% between 2014 and 2021, with numbers continuing to steadily decline.
DriveElectric also looked at the number of EV chargers in the UK, to determine whether we could handle the influx of EVs. By 2025, it said annual installations would double to 19,000 a year “and accelerate from there” – with current pledges from EV charging companies “helping to keep up with demand”.
Currently, there are 17,179 destination public charging devices – the most popular type of charger in the UK – as well as thousands of on-street and en-route charging points, which can be used for longer journeys at strategic A and motorway locations.
Mike Potter, CEO of DriveElectric said of the findings: “After the government’s announcement of the ban on new petrol and diesel cars, there has been a lot of speculation as to what the used car market will look like after 2030. From 2030 onward, those buying new cars will primarily only have a choice of battery-electric vehicles or cars fuelled with hydrogen.
“The main reason for this shift in trends is the idea that banning the purchase and production of new petrol and diesel cars is expected to reduce greenhouse gas emissions and eventually reach Britain’s goal to be net zero by 2050.”
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