EV sales to overtake ICE by 2025
The sales of electric vehicles could overtake petrol and diesel sales by 2025, while alternatively fuelled vehicles (AFV) could get there in 2024.
This is according to Auto Trader, which predicts that EVs will account for around 10% of the total British car parc and AFVs around 18% by 2025, while these figures could climb to 30% and 40% by 2030.
It also predicts that with the exception of classic or collector cars, ICE vehicles will almost disappear from the car parc by the mid-2040s.
Meanwhile, research conducted this week found that as many as 24% of consumers surveyed on Auto Trader are considering buying an AFV, up from 16% in November 2020, and 13% in August 2020. The same survey revealed that 33% of those considering an EV or hybrid as their next purchase, were directly influenced by the prime minister’s announcement in November.
Commercial director Ian Plummer said: “We’ve based our projections quite conservatively on the current trajectory of AFVs and ICE vehicles in the market, as well as the trends we’re observing on our marketplace. Over the last few years we’ve seen consumer sentiment towards electric grow steadily, and whilst conversion from consideration to purchase remains relatively low, it is accelerating as the latest models become ever more attractive, while aspirational brands like Tesla help shift consumer perception. When they become more affordable and the required infrastructure improves, we’re confident we’ll see adoption levels increase significantly and rapidly.”
