Geotab: UK's Most EV-Suitable Market in Europe

Geotab: UK’s Most EV-Suitable Market in Europe

By going electric, British private and public sector organizations could reduce the TCO per vehicle by $16,341 over seven years.


Geotab has published a report titled “Taking Charge: On the Road to an EV Future,” indicating that two-thirds of vehicles (cars and vans) operated by private and public sector organizations in the UK are ready to transition to electric power. This study examined driver data from 1.3 million vehicles across seven countries over a year-long period. The findings suggest that switching fleets to electric vehicles could save about 2.2 billion gallons of fuel from conventional vehicles, reducing approximately 19 million metric tons (about 20.9 million tons) of CO2 emissions over the next seven years.

In the report, Geotab highlights that despite the UK’s limited national EV incentives, it stands out as the European market best suited for electric vehicle adoption. While countries like France, Germany, Italy, and Spain offer up-front incentives to EV buyers, the UK government discontinued its Plug-in Car Grant in 2022.

The report noted that 66% of light-duty vehicles in the UK are ready to go electric. This rate is higher than other markets in the study, including Canada (50%), Spain (43%), the United States (38%), Germany (35%), Italy (28%), and France (20%). Geotab’s 66% figure for the UK is based on a seven-year vehicle replacement cycle. Extending this cycle to 10 years increases the EV suitability to 73%, highlighting the longer usable lifespan of EVs compared to petrol and diesel vehicles, mainly due to service, maintenance, and repair (SMR) savings.

You May Also Like

Zapp EV to Appoint Manufacturing Partner in India

Bounce Electric 1 Private Limited will be Zapp’s contract manufacturing partner for sales of the i300 in India.

Zapp Electric Vehicles Group Limited announced that it intends to appoint Bounce Electric 1 Private Limited as its contract manufacturing partner for sales of the i300 in India. Bounce already operates a domestic vehicle assembly facility and may further assist with distribution of i300 in the country.

“India is one of the largest markets in the world for sales of two-wheelers and the number of premium models sold there is estimated to be more than four times the number of all models sold in the US," said Swin Chatsuwan, founder and CEO of Zapp EV. "We think the design attributes of i300 make it an excellent solution for personal mobility with India’s growing purchasing power and urban densification. Our plan to scale the business in India from an initial minimum capacity of 5,000 units per year is not dependent on any dedicated charging infrastructure since the i300’s removable and portable battery packs can be charged from any wall socket, making this a huge market opportunity for both companies.”

CRP Marks 50 Years of Partnership with Perske

CRP Industries is the exclusive North American representative of Perske Electric Motors.

CRP Marks 50 Years of Partnership with Perske
How PE Firms Execute Global M&A Opportunities

O’Dwyer discusses how private equity firms work with auto industry execs to pursue global M&A opportunities, among other topics.

How-PE-Firms-Execute-Global-MA-Opportunities
Automechanika: Moving Toward Zero-Carbon Transportation

More companies than ever before will be presenting products and solutions in the field of electromobility at the upcoming Automechanika in Frankfurt, the organization said.

Automechanika EV
Hengst Filtration Acquires Canadian-American Filter Company

Hengst will take over North American hydraulic filter manufacturer Main Filter.

Hengst Filtration Acquires Canadian-American Company

Other Posts

Gravity Releases Universal EV Charging ‘Trees’

The ‘trees’ require no utility upgrades and are capable of providing 200 miles of range in either 13 minutes (200kW) or 5 minutes (500kW).

Gravity releases universal EV charging ‘trees’ for city streets
Bollinger Motors Sells Chassis Cabs to Momentum Groups

Bollinger will sell 80 all-electric Class 4 commercial trucks to Momentum.

Bollinger Motors Announces Sale of Chassis Cabs to Momentum Groups
BASF Exhibiting at The Battery Show Europe 2024

The company will present its range of products targeted to enable advancements of battery technologies and future automotive mobility.

BASF-Exhibiting-at-The-Battery-Show-Europe-2024
Blink CEO to Present at Energy, Power & Renewables Conference

The event is scheduled for June 17 at 1:10 p.m. ET.