LKQ Academy Internal Training Guide 2024

Embracing what’s to come ​ In 2023 BEV only made up 17% of new car sales. According to the government’s ZEV (Zero Emission Vehicle) mandate, by 2035 100% of new cars sold will be zero emission. Hybrid and Electric Vehicles ​

2035 Confirmed target for all new cars to be zero emission

70% 76% 82% 88% 94% 100%

46% 58%

10% 16% 24% 34%

2024

2025

2026

2027

2028

2029

2030

2031

2032

2023

2034

2035

In 2019, 90% of all new cars sold were either petrol or diesel. In 2023, this was less than half (44.5%)​

New Car Registrations (000s) 2019 2,311​

New Car Registrations (000s) 2023​ 1,903

Petrol Diesel

MHEV diesel MHEV petrol BEV PHEV HEV

+18% vs 2022 -18% vs 2019

• New registrations seeing a positive turn as supply constraints ease, fuelling growth to the car parc. 2.1 million new cars are estimated to be sold in 2024​

• Increasing penetration of Chinese car brands – In 2019, 0.6% car brands registered where from China, in 2023 this grew to 4.3%​.

Source: SMMT, GiPA MHEV - Mild Hybrid Electric Vehicle, BEV - Battery Electric Vehicle, PHEV - Plug-in Hybrid Electric Vehicle, HEV - Hybrid Electric Vehicle

The most popular make and models sold may still be ICE, however Tesla sits firmly within the top 5 and based on purchasing behaviour, Tesla is the most popular BEV.

8