Press release
United Kingdom Electric Vehicle Market size was valued at USD 3.15 Bn. in 2020 and the total revenue is expected to grow at 14 % through 2021 to 2027, United Kingdom Electric Vehicle Market is reaching nearly USD 7.88 Bn. by 2027.
United Kingdom Electric Vehicle Market
The transition towards a net-zero carbon emissions economy by 2050 is a key driver behind the surge in the United Kingdom Electric Vehicle Market. With the transportation sector contributing to 27% of total greenhouse gas emissions, electric vehicles (EVs) present a promising solution. To align with this vision, the Committee for Climate Change (CCC) recommended that all new vehicles be electric-powered by 2035, and the UK government aims to phase out petrol and diesel vehicles by 2030.
The comprehensive report takes into account the real-world impacts of the COVID-19 pandemic and its effects on the market, particularly in 2020. Special attention is paid to the market's performance during the lockdown period and its influence on the next two years. The report analyzes successful companies during this challenging time, offering strategic insights.
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What are United Kingdom Electric Vehicle Market Dynamics?
The Committee on Climate Change (CCC) suggests a need for over 280,000 charging points by 2030, a significant increase from the 20,000 available in 2020. While the charging infrastructure is expanding, challenges exist in terms of rare element sourcing for batteries, environmental concerns, and charging accessibility in various regions. The report delves into these dynamics, providing insights into both opportunities and obstacles.
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What is United Kingdom Electric Vehicle Market Regional Insight?
Scotland leads in EV charging infrastructure with 47 devices per 100,000 people, followed by England, Wales, and Northern Ireland. Despite the impressive growth, only about 300,000 out of 39.2 million registered automobiles in the UK are electric vehicles. The market share of electric vehicles in new car registrations reached 10.6% in 2021.
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What is United Kingdom Electric Vehicle Market Segmentation?
by Type
• BEV
• PHEV
• HEV
by Vehicle Type
• Two-wheeler
• Passenger car
• Commercial vehicle
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Who are United Kingdom Electric Vehicle Market Key Players?
• BMW
• Mercedes Benz
• Bollore
• Mistubishi
• Nissan
• Peugeot
• Tesla
• Volkswagen.
• Alstom
• PSA Group
• Iveco Bus
• De Dion-Bouton
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Table of content for the United Kingdom Electric Vehicle Market includes:
Global United Kingdom Electric Vehicle Market: Research Methodology
Global United Kingdom Electric Vehicle Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global United Kingdom Electric Vehicle Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global United Kingdom Electric Vehicle Market Segmentation
Global Market, by Type (2022-2029)
Global Market, by Vehicle Type (2022-2029)
Regional United Kingdom Electric Vehicle Market(2021-2029)
Regional Market, by Type (2022-2029)
Regional Market, by Vehicle Type (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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