BEVs and PHEVs reach .% of UK market

July 2025 saw electrified vehicles continue to gain ground in the UK. Despite a softer month for overall registrations, battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) increased their share, reinforcing the business case for lower Total Cost of Ownership across corporate fleets.

BEVs recorded 29,825 registrations, representing 21.3% of the market, up 9.1% compared to July 2024. PHEVs surged even faster, with 17,489 registrations, a remarkable 33% year-on-year growth, now accounting for 12.5% of the market. Combined, BEVs and PHEVs reached a 33.8% market share.

In contrast, the overall new-car market fell by 5.0% to 140,154 units, underlining that the shift to electrified powertrains is happening within a generally flat or declining market.

What this means for fleets:

• Electrified models are no longer a niche choice, they’re a third of all new cars sold.
• The faster growth of PHEVs suggests fleets are seeking a bridge solution where charging coverage is limited.
• Falling ICE market share points to a narrowing window to optimise procurement costs before supply and incentives shift.

Closing takeaway:

Electrified vehicles now represent one in three new UK cars, a strategic opportunity to lock in TCO savings while incentives and supply remain favourable.

Sources : SMMT (official UK data), Reuters (market analysis), EV Volumes / InsideEVs (trends and market share).