UK follows China in electric vehicle revolution

By City and Finance Reporter

Contents

UK follows China in electric vehicle revolution Share or comment on this article:

Updated: 19:05 EDT, September 17, 2023

The UK has ranked fifth in the world for its readiness in the transition to electric vehicles, but is still far behind China.

China topped the list in an Ernst & Young index, followed by Norway, the United States and Sweden.

Transition: China topped the list in an Ernst & Young index, followed by Norway, the United States and Sweden.

The index analyzes initiatives, objectives and strategies focused on facilitating a smooth and efficient transition to electric vehicles.

But despite its fifth place, the UK’s ranking for electric car supply and regulation around them fell year on year, EY said.

It comes as concerns continue to grow over Britain’s ability to meet its planned petrol car ban by 2030, as well as its inability to keep up with its Chinese counterparts.

Electric vehicle sales in the UK are expected to grow 36 percent year-on-year in 2023, which is lagging the projected average growth rate of 64 percent across the top 20 markets.

Some links in this article may be affiliate links. If you click on them, we may earn a small commission. That helps us fund This Is Money and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.