United Kingdom electric vehicle market stood at $ 2.4 billion in 2018 and is projected to grow at a robust CAGR of more than 14% to reach $ 5.4 billion by 2024. Anticipated growth in the market can be attributed to increasing affordability of electric vehicles offered by the leading automobile manufacturers and rising need for automobiles running on cleaner fuel due to surging pollution levels. Moreover, demand for electric vehicles is further anticipated to increase in United Kingdom on the back of huge investments by various OEMs for developing more affordable and premium electric vehicles in the coming years. Additionally, government is focusing on boosting adoption of electric vehicles by providing subsidies and incentives on these vehicles, which would aid the growth of the market during the forecast period.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To assess the demand scenario for electric vehicle market.
  • To analyze and forecast the market size of United Kingdom electric vehicle market.
  • To classify and forecast United Kingdom electric vehicle market on the basis vehicle type, drivetrain technology type, charging infrastructure and region.
  • To identify drivers and challenges for United Kingdom electric vehicle market.
  • To identify market trends and development in the United Kingdom electric vehicle market.
  • To identify and analyze the profiles of leading players in United Kingdom electric vehicle market.


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Few of the leading players operating in the United Kingdom electric vehicle market include BMW UK Ltd, Nissan Motor Manufacturing (UK) Ltd, Volkswagen Group UK Ltd, Renault UK Ltd, FORD UK, Mercedes-Benz Cars UK Ltd, Audi UK Ltd., Tesla Inc., Hyundai Motor Company and Jaguar Land Rover Ltd.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric vehicle manufacturers operating in the market. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include system manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed service offerings, regional network, and regional presence of all major companies across the country.

TechSci Research calculated the market size for United Kingdom electric vehicle market using a bottom-up technique, wherein the value service data for different vehicle type (Passenger Car & Commercial Vehicle) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as EAFO, OICA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • United Kingdom electric vehicle manufacturers, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to electric vehicles
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric passenger car manufacturers, distributors, policy makers and other stakeholders. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, United Kingdom electric vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Vehicle Type:
    • Passenger Car
    • Commercial Vehicle
  • Market, By Drivetrain Technology Type:
    • PHEV
    • BEV
  • Market, By Charging Infrastructure Trend:
    • Wired Charging
    • Inductive/Wireless
  • Market, By Region:
    • London
    • South East
    • East Anglia
    • Scotland
    • South West
    • East Midlands
    • Yorkshire & Humberside
    • Rest of United Kingdom

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United Kingdom electric vehicle market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Voice of Customer

4.1.    Purchase Decision Factors

4.2.    Brand Recall

4.3.    Brand Satisfaction Level

5.       United Kingdom Electric Vehicle Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value & Volume

5.2.    Market Share & Forecast

5.2.1. By Vehicle Type (Passenger Car and Commercial Vehicle)

5.2.2. By Drivetrain Technology Type (PHEV and BEV)

5.2.3. By Charging Infrastructure Trends (Wired Charging and Inductive/Wireless)

5.2.4. By Region

5.2.5. By Company

5.3.    Market Attractiveness Index (By Vehicle Type)

5.4.    Market Attractiveness Index (By Drivetrain Technology Type)

6.       United Kingdom Electric Passenger Car Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value & Volume

6.2.    Market Share & Forecast

6.2.1. By Vehicle Type

6.2.2. By Drivetrain Technology Type

6.3.    Market Attractiveness Index (By Vehicle Type)

7.       United Kingdom Electric Commercial Vehicle Market Outlook

7.1.    Market Size & Forecast

7.1.1. By Value & Volume

7.2.    Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By Drivetrain Technology Type

7.3.    Market Attractiveness Index (By Vehicle Type)

8.       Market Dynamics

8.1.    Drivers

8.2.    Challenges

9.       Policy & Regulatory Landscape

10.   Market Trends & Developments

11.   United Kingdom Economic Profile

12.   Competitive Landscape

12.1.   BMW UK Ltd

12.2.   Colt Car Company (Mitsubishi)

12.3.   Nissan Motor Manufacturing (UK) Ltd

12.4.   Volkswagen Group UK Ltd

12.5.   Renault UK Ltd

12.6.   FORD UK

12.7.   Mercedes-Benz Cars UK Ltd

12.8.   Audi UK Ltd.

12.9.   Tesla Inc.

12.10.   Hyundai Motor UK Ltd.

13.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

     

    Figure 1: United Kingdom Electric Vehicle Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: United Kingdom Electric Vehicle Market - Aided Brand Recall (N=75)

    Figure 3: United Kingdom Electric Vehicle Market - Unaided Brand Recall (N=75)

    Figure 4: United Kingdom Electric Vehicle Market Brand Satisfaction Level (N=75)

    Figure 5: United Kingdom Electric Vehicle Market - Brand Satisfaction Level, By Brand Image (N=75)

    Figure 6: United Kingdom Electric Vehicle Market – Brand Satisfaction Level, By Performance (N=75)

    Figure 7: United Kingdom Electric Vehicle Market - Brand Satisfaction Level, By Features (N=75)

    Figure 8: United Kingdom Electric Vehicle Market - Brand Satisfaction Level, By Maintenance Cost (N=75)

    Figure 9: United Kingdom Electric Vehicle Market - Brand Satisfaction Level, By Battery Life (N=75)

    Figure 10: United Kingdom Electric Vehicle Market - Brand Satisfaction Level, By Pricing (N=75)

    Figure 11: United Kingdom Electric Vehicle Market - Brand Satisfaction Level, By Ease of Availability (N=75)

    Figure 12: United Kingdom Electric Vehicle Market Size, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F

    Figure 13: United Kingdom Publicly Accessible Chargers, By Volume (Thousand Units), 2013-2017

    Figure 14: United Kingdom Electric Vehicle Market Share, By Vehicle Type, By Volume, 2014-2024F

    Figure 15: United Kingdom Urban Population Share, 2011–2016

    Figure 16: United Kingdom Electric Vehicle Market Share, By Drivetrain Technology Type, By Volume, 2014-2024F

    Figure 17: United Kingdom Electric Vehicle Market Share, By Charging Infrastructure Trends, By Volume, 2018-2024F

    Figure 18: Share of Population Using Internet, 2017 & 2018

    Figure 19: United Kingdom Electric Vehicle Market Share, By Region, By Volume, 2018 & 2024F

    Figure 20: United Kingdom Electric Vehicle Market Share, By Company, By Volume, 2018

    Figure 21: United Kingdom Electric Vehicle Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2024F

    Figure 22: United Kingdom Electric Vehicle Market Attractiveness Index, By Drivetrain Technology Type, By Volume, 2019E-2024F

    Figure 23: United Kingdom Electric Passenger Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F

    Figure 25: United Kingdom Electric Passenger Car Market Share, By Vehicle Type, By Volume, 2014-2024F

    Figure 26: United Kingdom Total Number of PEV Charging Positions, By Station Type, 2014-2017

    Figure 27: United Kingdom Electric Passenger Car Market Share, By Drivetrain Technology Type, By Volume, 2014-2024F

    Figure 28: United Kingdom Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2024F

    Figure 29: United Kingdom Electric Commercial Vehicle Market Size, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F

    Figure 30: United Kingdom Goods Moved (Billion Tonne Kilometers), 2012-2016

    Figure 31: United Kingdom Electric Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2014-2024F

    Figure 32: United Kingdom Number of Business Houses (Thousand), 2012-2016

    Figure 33: United Kingdom Electric Commercial Vehicle Market Share, By Drivetrain Technology Type, By Volume, 2014-2024F

    Figure 34: United Kingdom Transport Services (% of Service Imports, BoP), 2013-2017

    Figure 35: United Kingdom Electric Commercial Vehicle Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2024F

     

    List of Tables

     

    Table 1: Benefit in Kind (BIK) Tax, 2017-2021