UK ELECTRIC VEHICLE MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for electric vehicles in the UK is anticipated to grow at a CAGR of 23.76%. 

HEV is the fuel type with the biggest market share in the UK. The primary driver of the growth is increased use of petrol engines with electric benefits in various vehicles, including passenger automobiles and commercial vehicles.

Commercial vehicles make up the largest segment by vehicle type: Due to the growing demand for passenger vehicles and the limited selection of alternative electric vehicle models in the UK, the passenger vehicle segment accounts for the majority of EV sales there.

Major Players: Audi AG, BMW AG, Renault Group, Tesla Inc. and Volkswagen AG 

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