In 2029, the electric vehicle revenue in the United Kingdom is projected to reach 36.3 billion Great British pounds, up 9.5 billion compared to 2023. Battery-electric vehicles have become the largest segment in the sector since 2020, and are expected to make up 70 percent of the total revenue in 2029.
Projected electric vehicle revenue in the United Kingdom between 2016 and 2029, by vehicle type
(in billion Great British Pounds)
based on an August 2024 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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista Mobility Market Insights. (August 1, 2024). Projected electric vehicle revenue in the United Kingdom between 2016 and 2029, by vehicle type (in billion Great British Pounds) [Graph]. In Statista. Retrieved November 09, 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 2029, by vehicle type (in billion Great British Pounds)." Chart. August 1, 2024. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/1411493/uk-forecast-electric-vehicle-revenue-by-vehicle-type/
Statista Mobility Market Insights. (2024). Projected electric vehicle revenue in the United Kingdom between 2016 and 2029, by vehicle type (in billion Great British Pounds). Statista. Statista Inc.. Accessed: November 09, 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 2029, by Vehicle Type (in Billion Great British Pounds)." Statista, Statista Inc., 1 Aug 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 2029, 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 November 09, 2024)
Projected electric vehicle revenue in the United Kingdom between 2016 and 2029, by vehicle type (in billion Great British Pounds) [Graph], Statista Mobility Market Insights, August 1, 2024. [Online]. Available: https://www.statista.com/statistics/1411493/uk-forecast-electric-vehicle-revenue-by-vehicle-type/