UK Battery Electric Vehicle Market to 2025, Future Outlook, COVID-19 Impact Analysis, Forecast 2019-2025
The UK battery electric vehicle market is projected to grow at a significant CAGR of more than 22.0% during the forecast period (2019-2025). The government policies and rising demand for electric vehicles are the key factors propelling the growth of the market. The UK government is planning to have a zero-emission country in which it will put bans on petrol and diesel cars by 2030 and replace them with new battery-electric vehicles by 2035. The favorable government policies will significantly drive the UK battery electric vehicle industry.
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However, the recent COVID-19 outbreak has impacted the UK battery electric vehicle market negatively. For instance, as per the Society of Motor Manufacturers and Traders (SMMT), there were around 1.63 million cars sold in the UK in 2020 which is around 0.6 million fewer cars sold than that in 2019. However, the industry is expected to see growth in the future sales of battery electric vehicles in the country as the economy is gradually gaining traction after the COVID-19 pandemic.
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Market Coverage
- Market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- By Vehicle Type and By Battery Type
- Region Covered- UK
- Competitive Landscape- Arrival Ltd., Audi AG, BMW AG, BYD Auto Co., Ltd., Daimler AG, Honda Motor Co., Ltd., Hyundai Motor Co., Jaguar Land Rover Ltd., Kia Motors Corp., Nissan Motor Co., Renault Group, Tesla, Inc., Volkswagen AG, and others.
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
UK Battery Electric Vehicle Market Report Segment
By Vehicle Type
- Passenger Cars
- Commercial Vehicle
- Others
By Battery Type
- Li-Ion
- Others
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Company Profiles
- Arrival Ltd.
- Audi AG
- BMW AG
- BYD Auto Co., Ltd.
- Daimler AG
- Honda Motor Co., Ltd.
- Hyundai Motor Co.
- Jaguar Land Rover Ltd.
- Kia Motors Corp.
- Nissan Motor Co.
- Renault Group
- Tesla, Inc.
- Volkswagen AG
- General Motors
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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