Auto Loans

UK roads to have 1.3 million EVs by 2025: New AutoMotive

New AutoMotive’s 2024 State of the Switch report predicts a significant increase in electric vehicles (EVs) on UK roads by the end of this year.

A recent report, titled ‘2024 State of the Switch’, predicts a 20%-30% increase in EVs on UK roads by the end of this year to 1.3 million from less than 1 million in early 2024.

New AutoMotive research reviews the UK’s shift to zero-emission cars over the past year and identifies areas for improvement.

According to the report, the UK currently has 15 times more EV chargers than petrol pumps, considering home, workplace and public network chargers combined.

This infrastructure expansion has been accompanied by an 18.5% increase in EV sales and a doubling of heavy-duty electric vehicle sales by 2023, despite missing the zero-emission vehicle (ZEV) mandate sales target last year.

A key finding in the report is a 50 percent increase in ‘zero emission mileage vehicles driven’ over the past year.

Access the most comprehensive Company profiles on the market, powered by GlobalData. Save hours of research. Get a competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

We are confident in the exceptional quality of our Company’s profiles. However, we want you to make the decision that is best for your business, so we are offering you a free sample that you can download by submitting the form below.

Written by GlobalData

This reflects the growing shift of consumers towards environmentally friendly transport costs.

The report also details the total cost of ownership for electric cars and vans, revealing that EVs are typically 30% cheaper per mile than diesel cars and 36% cheaper than petrol cars.

Cost savings jump to nearly 80% when using overnight or EV-specific chargers.

According to the report, EV growth is expected to be supported by the introduction of new affordable vehicles due to the ZEV mandate and a predicted 22% decrease in residential charging costs, and a 30-40% increase in public charging costs. points.

Recently, Lex Autolease’s bi-annual survey, surveying 100 UK fleet managers operating more than 100 vehicles, revealed a growing trend towards EVs.

The survey shows that 86% of airlines have increased or maintained EV numbers in the past year, marking a 20% increase from the previous survey.

UK fleet managers are now aiming for full electrification within an average of four years, showing a strong commitment to the transition to electric vehicles.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button