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Report Overview

The United Kingdom e-SUV market reached around USD 10.79 Billion in 2024. The market is projected to grow at a CAGR of 15.60% between 2025 and 2034 to reach nearly USD 45.98 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • In 2023, 6/10 bestselling automotive models in the UK were either SUVs or SUV crossovers.
  • SUVs account for nearly 50% of all new car sales in the United Kingdom.
  • SUV sales recorded a year-on-year growth of 23% in the UK in 2023.
United Kingdom E-SUV Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 9.33
Market Size 2032 USD Billion 34.40
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 15.6%
CAGR 2024-2032 - Market by Region Scotland 16.5%
CAGR 2024-2032 - Market by Region England 15.4%
CAGR 2024-2032 - Market by Type Compact 17.9%
CAGR 2024-2032 - Market by Propulsion Battery Electric Vehicles (BEVs) 18.7%
Market Share by Region 2023 England 81.2%

United Kingdom E-SUV Market Growth

As per the Society of Motor Manufacturers and Traders, the demand for new cars in the UK recorded a monthly growth of 8.2% in January 2024. Nearly 142,876 new cars were registered during the month of January, recording a substantial year-on-year growth from January 2023 (10,882 units). The increase was largely driven by the growing demand for fleet, which accounted for nearly 63.2% of all new cars registered. Battery electric vehicles witnessed a year-on-year growth of 21% while recording a monthly growth rate of 14.7%. The rising consumer preference for eco-friendly and cheaper mobility solutions is expected to fuel the market expansion in the coming years.

SUVs consume nearly 20% more oil as compared to medium-sized cars. In 2023, the annual carbon dioxide emissions from SUVs reached nearly one billion tons globally. The Global Fuel Economy Initiative suggests that diesel and gas-based SUVs have led to an increase of over 30% from automotive emissions. The large size and huge engines of an SUV translate into 14% higher emissions as compared to a hatchback. This has prompted automakers to switch towards introducing electric SUVs to operate in stringent regulatory environments and meet ESG targets.

Compound Annual Growth Rate

Value in USD Billion

15.6%

2025-2034


United Kingdom E-SUV Market Outlook

*this image is indicative*

Key Trends and Developments

United Kingdom E-SUV Market Trends

The rising proportion of older people in the United Kingdom’s population is expected to increase the demand for technologically advanced automotive interiors in electric SUVs. Over 10 million Britishers are aged over 65 years, comprising nearly 18% of the total population. Over the next 40 years, the total number of people between the ages of 65 and 79 is expected to grow by 30%, while the proportion of people over 80 years of age is expected to double to over 6.0 million. This is expected to contribute to the market expansion in the coming years.

United Kingdom E-SUV Industry Segmentation

The EMR’s report titled “United Kingdom E-SUV Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Type

  • Mid-Size
  • Full Size
  • Compact

Breakup by Propulsion

  • Battery Electric Vehicles (BEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)

Breakup by Drive Type

  • FWD
  • RWD
  • AWD

Breakup by Region

  • England
  • Wales
  • Northern-Ireland
  • Scotland
CAGR 2024-2032 - Market by Region
Scotland 16.5%
England 15.4%
Wales XX%
Northern Ireland XX%

United Kingdom E-SUV Market Share

Based on region, the market is segmented into England, Wales, Scotland, and Northern-Ireland. England dominated the market, representing 81.2% of the overall market share in 2023. Over the forecast period of 2024-2032, Scotland is expected to grow at a CAGR of 16.5% as a result of the increasing demand for safe and sustainable mobility options.

Leading Companies in the United Kingdom E-SUV Market

Major market players are expected to enhance the safety testing of electric SUVs to cater to the evolving requirements of regulatory bodies to ensure a high degree of pedestrian safety on roads.

AB Volvo

AB Volvo was founded in 1927 and is headquartered in Sweden. It is a major provider of construction equipment and engineering transportation and mobility solutions. Its manufacturing facilities are present in nearly 18 countries and sells its products in 190 markets.

Toyota Motor Corp.

Toyota Motor Corp. was founded in 1937 and is headquartered in Honsha, Japan. It is engaged in designing, manu...

Nissan Motor Co. Ltd.

Nissan Motor Co. Ltd. was founded in 1933 and is headquartered in Yokohama, Japan. It is engaged in manufactur...

Hyundai Motor Co.

Hyundai Motor Co. was founded in 1967 and is headquartered in South Korea. It is the world’s leading automot...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major market players are Tesla Inc., BMW AG, Volkswagen AG, Mercedes-Benz Group AG, BYD Co. Ltd., and SAIC Motor Corp. Ltd, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the market reached an approximate value of USD 10.79 Billion.

The market is projected to grow at a CAGR of 15.60 between 2025 and 2034.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 45.98 Billion by 2034.

The different types of e-SUVs in the market are mid-size, full size, and compact.

The different segments based on the propulsion of e-SUV considered in the market report are battery electric vehicles and plug-in hybrid electric vehicles.

The different segments considered in the report are AWD, RWD, and FWD.

The different regions considered in the report are England, Scotland, Northern-Ireland, and Wales.

The key market players include Tesla Inc., BMW AG, Volkswagen AG, Mercedes-Benz Group AG, BYD Co. Ltd., SAIC Motor Corp. Ltd, AB Volvo, Toyota Motor Corp., Nissan Motor Co. Ltd., and Hyundai Motor Co., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Propulsion
  • Drive Type
  • Region
Breakup by Type
  • Mid-Size
  • Full Size
  • Compact
Breakup by Propulsion
  • Battery Electric Vehicles (BEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)
Breakup by Drive Type
  • FWD
  • RWD
  • AWD
Breakup by Region
  • England
  • Wales
  • Northern-Ireland
  • Scotland
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Tesla Inc.
  • BMW AG
  • Volkswagen AG
  • Mercedes-Benz Group AG
  • BYD Co. Ltd.
  • SAIC Motor Corp. Ltd
  • AB Volvo
  • Toyota Motor Corp.
  • Nissan Motor Co. Ltd.
  • Hyundai Motor Co.
  • Others

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124