- New forecasts from The Electric Car Scheme highlight transformative changes in the EV market for 2025.
- Trump’s policies could disrupt EV subsidies in the US, altering global supply chains and benefiting UK buyers.
- Will the UK’s EV market meet targets required to advance towards 2030 zero-emissions goals?
The Electric Car Scheme has outlined its key predictions for the EV sector in 2025, addressing critical questions about affordability, infrastructure, and political influences. With Donald Trump returning to office in the US and UK manufacturers aiming for 28% of vehicle sales to be electric, the year promises major shifts in the EV landscape.
Turning Point for EV Demand?
Data from The Society of Motor Manufacturers and Traders (SMMT) reveals an encouraging rise in EV deliveries. In October 2024, battery electric vehicles made up 20.7% of total deliveries, compared to 15.6% in October 2023. This steady growth suggests that the 2025 target of 28% may be within reach, signalling a significant moment for the UK’s EV market.
Used EV Market Gains Traction
The affordability of used EVs continues to attract buyers. Since launching its used EV salary sacrifice programme, The Electric Car Scheme has seen second-hand electric cars account for over half of its sales. With costs declining and more vehicles entering the used market, barriers to EV ownership are lowering, making them accessible to a broader audience.
Rapid Charging Network Growth
The UK’s charging infrastructure is set to expand significantly, with projections of 100,000 public chargers by mid-2025 – more than 10 times the number of petrol stations. An increase in rapid and ultra-rapid chargers will address range anxiety, a concern for 40% of prospective buyers, while innovations like off-peak charging and salary sacrifice options will further reduce costs for drivers.
Impact of US Trade Policies
Donald Trump’s return to power may indirectly benefit the UK EV market. The end of subsidies in the US and higher tariffs could push manufacturers to focus on other regions, potentially making affordable Chinese EVs more widely available in the UK.
Thom Groot, CEO of The Electric Car Scheme, commented:
“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.”
