Last year, electric car registrations in the UK topped those of Germany. The number of UK sales (382,000 vehicles) came from growth of 21.4% on 2023, making the UK the largest market for electric vehicles (EVs) in Europe for the first time. In Germany, meanwhile, registrations fell by more than 25% to 380,000 vehicles in 2024 as consumer subsidies of up to €4,500 (£3,800) for private buyers were withdrawn amid a budget crisis.
And at the same time, the installation of charging points across the UK has accelerated. More than 20,000 points were added, a growth of 38% that brings the total to 73,699. Growth was particularly marked for the number of ultra-rapid (over 150kW) chargers with 7,021 added, and for “destination” chargers at venues such as restaurants. This news could go some way to reassuring would-be buyers, who are often seen to be concerned about the lack of public charging points.
And very low tax rates (2% and set to rise by 1% a year for three years) have meant corporate registrations now account for 90% of the UK EV market. From April 2025 however, EV owners will start paying vehicle excise duty (“car” or “road” tax) at £195 per year, having previously been exempt.
So is the UK market a haven in a global maelstrom? The key to the market share taken by EVs has been the UK government’s zero emission vehicle mandate, and the generous provisions made to company car buyers. The mandate is aimed at ending the sale of new petrol and diesel cars in the UK by 2035.
Read more: TheConversation
