In 2028, the electric vehicle revenue in the United Kingdom is projected to reach 21.4 billion Great British pounds, up 6.3 billion compared to 2022. Battery-electric vehicles have become the largest segment in the sector since 2020, and are expected to make up 76.6 percent of the total revenue in 2028.
Projected electric vehicle revenue in the United Kingdom between 2016 and 2028, by vehicle type
(in billion Great British Pounds)
based on an August 2023 forecast which reflects the market impact of Russia's war on Ukraine.
Supplementary notes
The electric vehicle segment includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, “public” means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models.
In this context, data covers battery-electric vehicles, plug-in hybrid electric vehicles, road electric vehicles, and passenger cars. Electric vehicles that are not self-contained and cannot be classified as BEVs or PHEVs, rail electric vehicles, surface and underwater vessels, electric aircraft or spacecraft, and motorcycles, scooters, mopeds, buses, vans, and trucks are all out-of-scope.
Data is an estimate modelled by Statista.
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Statista Mobility Market Insights. (August 1, 2023). Projected electric vehicle revenue in the United Kingdom between 2016 and 2028, by vehicle type (in billion Great British Pounds) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/1411493/uk-forecast-electric-vehicle-revenue-by-vehicle-type/
Statista Mobility Market Insights. "Projected electric vehicle revenue in the United Kingdom between 2016 and 2028, by vehicle type (in billion Great British Pounds)." Chart. August 1, 2023. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/1411493/uk-forecast-electric-vehicle-revenue-by-vehicle-type/
Statista Mobility Market Insights. (2023). Projected electric vehicle revenue in the United Kingdom between 2016 and 2028, by vehicle type (in billion Great British Pounds). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/1411493/uk-forecast-electric-vehicle-revenue-by-vehicle-type/
Statista Mobility Market Insights. "Projected Electric Vehicle Revenue in The United Kingdom between 2016 and 2028, by Vehicle Type (in Billion Great British Pounds)." Statista, Statista Inc., 1 Aug 2023, https://www.statista.com/statistics/1411493/uk-forecast-electric-vehicle-revenue-by-vehicle-type/
Statista Mobility Market Insights, Projected electric vehicle revenue in the United Kingdom between 2016 and 2028, by vehicle type (in billion Great British Pounds) Statista, https://www.statista.com/statistics/1411493/uk-forecast-electric-vehicle-revenue-by-vehicle-type/ (last visited October 06, 2024)
Projected electric vehicle revenue in the United Kingdom between 2016 and 2028, by vehicle type (in billion Great British Pounds) [Graph], Statista Mobility Market Insights, August 1, 2023. [Online]. Available: https://www.statista.com/statistics/1411493/uk-forecast-electric-vehicle-revenue-by-vehicle-type/