2025 ZEV Mandate targets to be missed
Vehicle manufacturers will miss their 2025 ZEV Mandate targets, according to new analysis from EV leasing company DriveElectric.
It is forecasting 440,000 pure electric vehicle sales in the UK this year.
This equates to 24% of an expected 1.84 million new car sales, which is up on the 19.6% recorded last year but still significantly down on the 28% target set by the mandate.
Driving the rise in EV sales will be broader range of models entering the market, including a number of affordable Chinese models, as well as improved battery technology which will further increase range and decrease charging times.
Meanwhile, there are still also significant financial incentives for businesses and fleets, with benefit in kind (BIK) tax rates helping to reduce the monthly costs of driving an EV by up to 40% – although similar incentives do not exist for private buyers.
2025 ZEV Mandate targets
Adam Kemp, partnerships director, DriveElectric, said: “We are forecasting that electric car sales in 2025 will experience an increase of just over four per cent compared to 2024 figures, taking them to 24% of the total new car market, which is significant progress, but this still falls short of the 2025 ZEV mandate target of 28%.
“A key factor in the shortfall is that while businesses and fleets enjoy financial incentives to make the switch to electric cars, and although EVs have lower whole life costs than petrol and diesel cars, there are currently no incentives for private motorists to purchase new EVs.”
