Written by Econintersect Guest
— this post authored by Riverdale
For traditionally fuelled cars such as petrol and diesel, 1.3 million new registrations were recorded in 2020. Comparably, 309,900 new electric cars were registered, including plug-ins and hybrids, but the trend suggests that it won’t take long for EVs to catch up.
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In the past five years, new electric registrations have grown at an average rate of around 1.34%, which means that we could see 1.3 million EVs newly registered by 2025, if the trend continues exponentially, matching the current petrol and diesel figures today. That’s 18 times the number of total new electric registrations 10 years ago, or an increase of 1,731%.
Electric car growth peaked in 2020 while traditional fuels fell behind
While coronavirus undoubtedly affected the automotive industry, it seems that electric vehicles haven’t seen a negative impact. New registrations for traditionally fuelled cars decreased in 2020 while EVs remained on the up, with a higher-than-average growth rate of around 1.64%, when compared to the previous four years.
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Of course, no one can know if this trend will continue for traditional and alternative fuels, but drivers must prepare for the government ban on sales of new petrol and diesel cars by 2030.
Bud Johnston, Group Marketing Manager at Rivervale says, ‘More than ever, drivers want to make the change to an eco-friendly car, which means switching to electric. With lower running costs, tax benefits and home charging schemes, Brits can find lots of incentives to drive an electric vehicle.
‘Not only are they cheap to run, but EVs are also becoming more affordable. The government’s plug-in grant offers up to £3,000 off eligible vehicles, which is available whether you’re buying or leasing an electric car.’
Methodology
We analysed the most recent DVLA data for new licenced cars in the UK from 2001 to 2020. For 2020 only, Q4 data is currently unavailable, so 25% of the findings are averaged based on the recorded results of that year. All figures are intended to give a snapshot of the automotive market.
The UK’s 10 most popular electric cars in 2020
Of course, the Model 3 has only been available for a few years and has rapidly grown to be the most popular in 2020 with a huge 19,288 new registrations – that’s double the number of registrations from our second-favourite electric car in 2020, the Kia Niro, which has 8,939 registrations. So, we can expect to see the Tesla favourite overtake the rest very soon on the all-time list (below).
Britain’s 10 most popular electric cars of all time
Read more automotive research and studies in the Rivervale blog, where you can learn how the UK’s opinion on electric cars hasn’t changed in five years, or see how much your car colour is worth. If you plan on making the switch to electric, see our latest car leasing deals available online.
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