There were over 1,145,000 fully electric cars on UK roads at the end of June, with a further 670,000 being plug-in hybrids. Let’s break down the numbers below.
Fully electric cars: Nearly 315,000 battery-electric cars were registered in 2023, showing an impressive 18% growth compared to 2022. This is a trend that is likely to continue.
Plug-in hybrids (PHEVs): In addition to fully electric cars, there are approximately 620,000 PHEVs in the UK. These vehicles combine an electric motor with a conventional internal combustion engine.
What is the market share like?
In June 2024, 34,034 new electric cars registered, which is 19% of all new car registrations. The total market share for new cars registered with a plug (either fully electric or PHEV) stands at an impressive 28.3%.
What does the future hold?
Looking ahead, the UK aims to have even more EVs on its roads by the end of 2024, with various Z-EV mandates that need to be met by the OEMs and government. The transition to electric mobility is accelerating, driven by environmental consciousness, lower running costs, and government incentives – how the OEMs will react as we head into the second half of 2024 will be an interesting one to watch with a likely restricted supply of ICE vehicles.
The top selling EVs right now
The current top selling EVs are reported to be:
- Tesla Model Y: With over 35,000 registrations last year, the Model Y takes the lead as the best-selling EV overall.
- Tesla Model 3: Close behind, the Model 3 had over 19,000 registrations in the same year. This model is known for its performance, long range and access to Tesla’s Supercharger network.
- Kia e-Niro: Approximately 11,000 e-Niros were registered, making it a strong contender. The e-Niro offers practicality and a decent electric range.
The next step
If you have any related enquiries, please contact David Kendrick on d.kendrick@uhy-manchester.com or your usual UHY automotive adviser.
