United Kingdom Hybrid Vehicle Market Report and Forecast 2025-2034

United Kingdom Hybrid Vehicle Market Size

The United Kingdom hybrid vehicle market reached approximately 380.25 thousand units in 2023. The market is projected to grow at a CAGR of 17.60% between 2024 and 2032, reaching a volume of 1682.22 thousand units by 2032.

United Kingdom Hybrid Vehicle Market Outlook

• As of January 2024, there are 22 brands in the UK which sell at least one hybrid model.

• According to the industry reports, hybrid electric vehicles witnessed a growth of 12.1 per cent in the region in February 2024.

• As of April 2024, approximately 655,000 plug-in hybrid cars are running in the United Kingdom.

United Kingdom Hybrid Vehicle Market Growth

Favourable government incentives promoting hybrid vehicles, expansion of the charging infrastructure, and the rise of plug-in hybrid vehicles in the country are some of the crucial market drivers. Plug-in hybrid vehicles are becoming increasingly popular among consumers who desire the advantages of both longer electric-only ranges and the flexibility of a petrol or diesel engine.

Businesses are increasingly adopting electric vehicles in order to reduce costs, meet sustainability goals, and comply with the regulations of the region. Likewise, the public sector in the United Kingdom, including local governments and government agencies, is incorporating hybrid vehicles into their efforts to reduce emissions.

Hybrid cars are now being readily equipped with state-of-the-art connectivity features, smart navigation systems, and built-in smartphone applications to improve the overall driving experience. The inclusion of semi-autonomous driving capabilities in hybrid vehicles is also on the rise, providing added convenience and safety measures.

United Kingdom Hybrid Vehicle Market Industry Segmentation

“United Kingdom Hybrid Vehicle Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Electric Powertrain Type

• Parallel

• Series-Parallel

Market Breakup by Hybrid Type

• Micro Hybrid

• Mild Hybrid

• Full Hybrid

• Plug-in Hybrid

Market Breakup by Vehicle Type

• Passenger Cars

• Commercial Vehicles

Market Breakup by Region

• England

• Wales

• Scotland

• Northern Ireland

United Kingdom Hybrid Vehicle Market Share

Based on vehicle type, the market is divided into passenger cars and commercial vehicles. Passenger cars occupy a significant share of the market as consumers tend to prefer passenger cars over commercial vehicles. The increasing concern for environmental issues and the advantages of hybrid technology have also influenced consumers in the region to opt for hybrid passenger cars for personal transportation. The passenger car also tends to serve a wide range of consumers, ranging from families, single drivers, and those who prioritise environmental sustainability, thereby boosting the overall demand.

Leading Companies in the United Kingdom Hybrid Vehicle Market

The market participants are increasingly launching new hybrid models to cater to a wide range of consumers.

• BMW AG

• Ford Motors Company

• Mercedes Benz Group AG

• Hyundai Motor Company

• Kia Motors Corporation

• Toyota Motor Corporation

• Volvo AB

• Volkswagen AG

• Honda Motor Co. Ltd.

• Nissan Motor Co. Ltd.

• Others

Key Highlights of the Report