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.

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