BEVs and PHEVs reach .% of UK market
Updated on

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).
Related reading
More fleet electrification analysis curated for this topic.
- HMRC AER Update 2026: 7p Home Charging, 15p Public Charging
28 Jun 2026
HMRC AER rates from 1 June 2026 are 7p per mile for home charging and 15p per mile for public charging. Here is the CFO checklist for UK EV fleets.
Read more - Ensure your EV mileage policy passes HMRC's split 7p/15p rate test
28 Jun 2026
HMRC now splits EV mileage reimbursement between home (7p) and public (15p). This guide shows how to update policy, payroll and audits to stay compliant.
Read more - Why Most EV Mileage Policies Fail HMRC Tests
28 Jun 2026
Many EV mileage policies unintentionally drift out of compliance with HMRC’s Advisory Electricity Rates. Here’s why it happens — and how Finance and Fleet teams can fix it fast.
Read more - Fleet Electrification Business Case Template: The CFO-Ready Framework
06 Mar 2026
Download the free fleet electrification business case template with pre-built TCO formulas, incentive checklists and a risk register. Then follow our section-by-section guide to build a CFO-ready case.
Read more - UK EV BiK Calculator: Company Car Tax from 3% to 9% (2025-2030)
06 Mar 2026
Calculate your EV company car tax from 2025 to 2030 with EVDC's free BiK calculator, covering employer NIC, VED and the full HMRC trajectory.
Read more