LKQ Academy 2025 Training Prospectus

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The UK’s 2024 EV Market Share The UK’s electric vehicle (EV) market reached a significant milestone in 2024, with EVs claiming a record 19.6% market share. This growth was primarily driven by fleet registrations, marking a pivotal moment for the automotive industry. However, despite the increase in market share, private consumer demand remains weak. In fact, only one in ten private buyers opted for an EV, mirroring the levels seen during the pandemic. T/B

Challenges ahead:

Government support is crucial to sustain the growth and meet EV targets Key statistics from SMMT:

Private sector demand is essential to achieve broader EV adoption

19.6%

+2.6%

New car registrations reach 1.953 million in 2024 with market up 2.6% year on year

EVs take record annual volume and market share at 19.6%, but figure still below mandated levels

Private consumer demand contracts to levels last seen in pandemic with just one in 10 private buyers going electric in 2024

Industry welcomes review of mandate regulation but warns current demand will not deliver ambition without government support

Read the full findings from SMMT

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