ELECTRIC CARS SET TO OVERTAKE TRADITIONAL CARS IN THE UK CAR MARKET BY 2025
A new study carried out by experts at DriveElectric predicts that electric cars will overtake traditional petrol and diesel cars by 2025 in the UK car market. As part of their research, the experts looked at the number of first-time registrations of diesel, petrol, and other vehicles in the UK from 2014 to 2021, to reveal how much ICE car sales have declined.
The figures showed that the registrations of diesel cars decreased by a whopping 47 percent between 2021 and 2022 alone.
Petrol cars saw a smaller decline of 17.7 percent in the same period. Electric vehicles, on the other hand, are only growing in numbers.
According to the data, electric vehicles only made up 3.1 percent of the total number of cars on the road in 2021.
However, experts estimate that the figure will almost double to six percent by 2025.
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By 2030 the figure is expected to reach 19 percent with 6.4 million EVs on British roads.
Looking at year-on-year data from 2021 to 2022, the study also ranked the number of EV and ICE registrations in order of their percentage difference.
There were 92,420 registrations of battery electric vehicles in 2021, and that figure increased to 137,498 in 2022.
This, in turn, means that there has been a 48.8 percent increase in the registrations of BEVs in that year alone.
Hybrid electric vehicles took second place with an 18.9 percent increase in registrations between 2021 and 2022.
In 2021, 95,322 hybrid electric cars were registered with the figure increasing to 113,339 in 2022.
Completing the top three are MHEV petrol cars with a 0.1 percent decline in the same period.
There were some 132,450 registrations of mild hybrid EVs in 2021 with the figure decreasing to 132,292 in 2022.
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According to the experts, registrations of electric cars will continue to steadily grow.
Data shows that in December 2022 alone over 40,000 electric cars were registered.
This has resulted in a market share of 32.9 percent when it comes to all new car registrations.
The 2021 census also revealed that drivers' attitudes toward EVs are changing.
When it comes to younger drivers, data shows that over half of them are most likely to switch to an electric car in the next 10 years.
On top of that, some 44 percent of all petrol, diesel, and hybrid owners are interested in switching to an EV in the next decade.
Experts at DriveElectric said: "The majority of consumer perceptions changing towards EVs majorly stem from environmental concerns.
"Preference for electric vehicles continues to grow as more than 50 percent of people planning to buy a car will choose either fully electric, plug-in hybrid, or hybrid vehicles.
"Electric vehicles will likely continue to become more prevalent in the coming years. It is projected that EVs could make up a total of 45 percent of global car sales by 2035.
"In contrast, sales of internal combustion engine (ICE) cars are expected to see a gradual decline as the market shifts towards EVs."