Petrol Cars in the UK Expected to Decline by Nearly Half Over the Next Decade
Auto Trader predicts a major rise in electric vehicle adoption, but challenges like high costs and limited infrastructure remain.
- Auto Trader forecasts the number of petrol cars on UK roads will fall from 18.7 million in 2024 to 11.1 million by 2034, marking a significant shift in British motoring trends.
- Electric vehicles (EVs) are projected to grow from 1.25 million to 13.7 million during the same period, driven by improving affordability and increased availability.
- The UK's Zero Emissions Vehicle (ZEV) mandate requires 22% of new car sales to be electric in 2024, rising to 80% by 2030, though EV sales are currently lagging behind these targets.
- Industry concerns include high EV costs, insufficient charging infrastructure, and potential job losses, highlighted by the recent closure of Vauxhall's Luton factory, affecting 1,100 workers.
- Demand for used cars remains strong, with second-hand EVs becoming more competitive in price; one in three used EVs on Auto Trader's platform is now priced under £20,000.