Cox Automotive’s new car four-year forecast reveals that gasoline is expected to represent only 30% of new registrations, as EVS surpasses with a predicted share of 36% in 2028. This figure still falls short Zev mandate target but is a positive sign for EV assumption.

Over the past four years, Diesel’s market share decreased to just over 6% in 2024 (a decline of 76.21%). Petrol lost 1.4 million units, which represented a decline of 26.61%. The increase in EVS in full battery has seen an increase of almost 560%. Since 2020, approximately 979,000 EV has entered the market (almost 20% of the total market 2024).

Philip Nothard, insight director at Cox Automotive, said: “The next four years will remain volatile when the sector adapts to economic headwinds and ever -developing consumers’ demands.

“We will continue to testify about the emergence of new manufacturers, including those from China and other international markets, while sitting manufacturers adapt their marketing strategies.

“Everything while the industry responds and adapts to increasingly different local and internal regulations.”

The registrations came under the two million brand in 2024, resulting in a deficit of 1.7 million fewer vehicles on British roads between 2020-24.

2025 The baseline forecast predicts just over two million car registrations, an increase of 1.5% in 2024.

Nothard said: “Breaking the two million brand in new car registrations in 2025 will be an important milestone for Britain’s car recovery.

“Achieving this goal will be strongly dependent on the ability of new market players to establish their brands and build trust with British drivers.

“Confidence in the fleet and leasing sectors will also play a crucial role in maintaining growth and drive the transition to alternative fuel vehicles.”