Three-fifths of all new cars will be electric by 2030, meeting the target from the Committee on Climate Change, predicts Chargemaster.
The provider of electric vehicle charging infrastructure has already estimated that there will be one million electric cars in the UK by the end of 2022, accounting for around 10% of all new registrations.
It now suggests nearly one in four new cars will be electric by 2025, with plug-in cars making up around 50% of new registrations by 2027 and 60% by 2030. The business says that on the current trajectory, it is likely that virtually every car on UK roads will be electric by 2040.
David Martell, chief executive of Chargemaster, said: “The key driver of the electric car market over the next five years will be consumer choice, with more than 30 new electric cars coming to market by 2020.
"Indeed, within the next year, we will see models including the new Nissan Leaf, Jaguar I-Pace, Mini Electric, Ford Transit Plug-in Hybrid and Tesla Model 3 in the UK.
“The number of electric cars on UK roads has grown significantly over the past five years, from just over 3,000 in 2012 to more than 130,000 today.
"New electric car registrations will grow by about one third in 2018, while we expect our deployment of new charging infrastructure to double – more than keeping pace with the car market.”