Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Economy

The EV Revolution: How Trump’s Policies and Global Trends Could Reshape 2025

by
December 4, 2024
in Economy, Investing
0
The EV Revolution: How Trump’s Policies and Global Trends Could Reshape 2025
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

Last Updated on:

The Electric Car Scheme shares its forecasts for the UK’s electric vehicle future.
Will Trump’s return to the White House impact UK EV sales?
Can the EV industry rise to the challenge of the 2030 goals?

The Electric Car Scheme has outlined its predictions for the UK’s electric vehicle market in 2025, shedding light on how these developments may influence drivers, infrastructure, and the wider industry.

The year 2025 is poised to be a game-changer for EVs. With Donald Trump set to re-enter the White House in January, his pledge to scrap subsidies in the US could shake global markets. In the UK, carmakers are preparing for a government mandate requiring 28% of new vehicle sales to be electric by the end of 2025.

Figures from The Society of Motor Manufacturers and Traders (SMMT) suggest growing demand for battery electric vehicles. October 2024 saw EVs account for 20.7% of new vehicle deliveries, up from 15.6% in October 2023. Sustaining this level of growth could bring the industry closer to meeting its 28% target, marking a significant step towards a greener future.

The second-hand EV sector experienced rapid expansion in 2024. The Electric Car Scheme’s introduction of a used EV salary sacrifice plan has made these vehicles increasingly popular, with pre-owned EVs now comprising over 50% of its sales.

Declining prices for used electric vehicles are helping to overcome affordability concerns. For 68% of consumers, cost is the main barrier to EV adoption. As leases end and more vehicles enter the second-hand market, used EVs are expected to play an even greater role in driving adoption.

The UK is on track to have over 100,000 public charging points by mid-2025, a tenfold increase compared to the country’s remaining petrol stations. The rise of rapid and ultra-rapid chargers is expected to alleviate range anxiety, which remains a concern for 40% of potential EV drivers.

Innovations in home charging, such as off-peak smart charging options and salary sacrifice schemes for charging solutions, could reduce running costs further, making EVs more appealing as petrol prices remain high.

Donald Trump’s policy changes could inadvertently benefit the UK EV market. Removing US tax incentives and imposing tariffs on foreign EVs may drive manufacturers to shift focus to other regions, including the UK. The influx of affordable Chinese-made EVs could be a turning point, accelerating accessibility and affordability.

Thom Groot, CEO of The Electric Car Scheme, remarked: “The electric vehicle market is on the verge of a major transformation by 2025, and it’s an exciting time for both the industry and consumers. With battery technology advancing and governments around the world ramping up support, we’ll see EVs become increasingly accessible and affordable. As cheaper Chinese EVs become available, and the used EV market matures, we could see EVs available for less than £200 a month, a much more affordable price point.

“EV uptake was never going to be linear, like many things it goes through peaks and troughs, but we could be on the cusp of a significant jump as affordability increases rapidly. The UK has a long way to go to reach the 2030 target, but there is significant desire to achieve this from consumers. This is exactly why we set up The Electric Car Scheme, to help make it simpler and cheaper to get behind the wheel of an electric car.”

ShareTweetPin

Related Posts

Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub
Investing

Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub

June 22, 2025
Editor’s Picks: Silver Price Hits 13 Year High, Gold Takes a Breather
Investing

Editor’s Picks: Silver Price Hits 13 Year High, Gold Takes a Breather

June 22, 2025
Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump
Investing

Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump

June 21, 2025
Top 5 Canadian Mining Stocks This Week: Royalties Inc. Jumps 183 Percent on Legal Win
Investing

Top 5 Canadian Mining Stocks This Week: Royalties Inc. Jumps 183 Percent on Legal Win

June 21, 2025
Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project
Investing

Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project

June 20, 2025
Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute
Investing

Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute

June 20, 2025
Next Post
Lazada Philippines highlights profitability, AI-driven innovations, improved e-commerce experience in 2024 milestones

Lazada Philippines highlights profitability, AI-driven innovations, improved e-commerce experience in 2024 milestones

Recommended

ZEISS Group sees positive outcome with strong revenue growth

ZEISS Group sees positive outcome with strong revenue growth

December 18, 2024
CSB Blazers clinically beat UPH Altas, 78-51

CSB Blazers clinically beat UPH Altas, 78-51

September 18, 2024
An Overview of Health Tourism in Turkey and Across the Globe

An Overview of Health Tourism in Turkey and Across the Globe

December 19, 2024
Anti-addiction campaigners applaud mandatory gambling tax and restrictions on stakes

Anti-addiction campaigners applaud mandatory gambling tax and restrictions on stakes

November 27, 2024
Could Bitcoin Reach $200000? Market & Expert Insights

Could Bitcoin Reach $200000? Market & Expert Insights

March 3, 2025
Basic Energy Corp. to hold Annual Stockholders’ Meeting on Sept. 18 via remote communication

Basic Energy Corp. to hold Annual Stockholders’ Meeting on Sept. 18 via remote communication

August 30, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved