- The Electric Car Scheme outlines how global and local factors may shape the EV sector in 2025.
- Political shifts in the US under Trump’s administration could drive new EV opportunities in the UK.
- Can the UK’s growing EV market meet the necessary benchmarks to hit the 2030 deadline?
The Electric Car Scheme has released its forecasts for 2025, outlining how global political changes and local targets could shape the EV market in the UK. With Donald Trump returning as US President and UK carmakers striving to hit a new 28% EV sales target, significant developments are expected in the coming year.
A Positive Shift for EV Market Share?
Recent statistics from The Society of Motor Manufacturers and Traders (SMMT) highlight progress in EV adoption. By October 2024, battery electric vehicles represented 20.7% of all vehicle deliveries, up from 15.6% in October 2023. If this trend continues, market share could reach the 28% goal in 2025, marking a key step towards the government’s 2030 ambitions.
The Rise of the Used EV Market
Affordability remains a central barrier for many potential EV buyers, with 68% of people citing cost as the primary concern. The used EV market, however, is evolving rapidly. The Electric Car Scheme reports that second-hand EVs now account for more than 50% of its sales, thanks to falling prices and growing availability. This trend is expected to continue as leases end and drivers upgrade, making EVs accessible to a broader audience.
Revolution in Charging Infrastructure
By mid-2025, the UK is predicted to have over 100,000 public EV chargers – a dramatic increase that will far surpass the number of petrol stations. Rapid and ultra-rapid charging points are set to reduce range anxiety, which currently deters 40% of prospective EV users. New technologies like off-peak smart charging and salary sacrifice options for home charging further enhance affordability, making EV ownership increasingly appealing.
Trade Wars’ Unexpected Impact
Donald Trump’s re-election could bring changes to the global EV market. As the US introduces tariffs and removes tax credits, foreign EV manufacturers may shift focus to other regions, including the UK. This influx of cheaper Chinese models could drive up EV adoption rates in Britain.
Thom Groot, CEO of The Electric Car Scheme, remarked:
“The electric vehicle market is on the verge of a major transformation by 2025, and it’s an exciting time for both the industry and consumers. With battery technology advancing and governments around the world ramping up support, we’ll see EVs become increasingly accessible and affordable. As cheaper Chinese EVs become available, and the used EV market matures, we could see EVs available for less than £200 a month, a much more affordable price point.”
