UK electric vehicle motor market is anticipated to grow at a CAGR of more than 16% during the forecast period, 2019-2025. As per the European Automobile Manufacturers Association, in 2019, the electric vehicle car sales augmented by 21.5% as compared to 2018 and reached to more than 72,800 in 2019 from around 60,000 in 2018. Favorable government policies and government subsidies are motivating the electric vehicle market in the country. A modification in company car tax will be applied in Britain as there will be zero company car tax in pure electric cars from April 2020. Moreover, from 2021 the average emissions of all newly registered cars from an automaker should be below 95 g/km CO2.

Brexit is one of the major restraints for the country for the electric vehicle motor market. Global companies are expected to prefer other European countries over UK for setting up their manufacturing plant. For instance, Tesla Inc. announced to build a new Gigafactory in Berlin in November 2019. Germany was preferred over UK due to Brexit as the company finds its more profitable to expand in the European market. 

UK electric vehicle motor market is segmented based on the basis of motor type, propulsion technology, and vehicle type. Based on the motor type, the market is analyzed into the AC motor and DC motor. AC induction motor or DC Permanent Magnet Synchronous Motor are some of the most commonly electric motors used in the EVs. By propulsion technology, the market is further divided into battery-electric vehicles and plug-in hybrid electric vehicles. Battery-electric vehicle is projected to show a considerable market growth in the country. By vehicle type, the market is analyzed into passenger cars, commercial vehicles, and others. The passenger vehicle segment will have a major market share during the forecast period. 

Key companies contributing to the market include ABB Ltd., Avid Technology Ltd., Continental AG, Magnetic Systems Technology Ltd., Nidec Corp., Parker-Hannifin Corp., Protean Electric, RETORQ Motors Ltd., Robert Bosch GmbH, Siemens AG, Valeo SA, YASA Ltd., ZF TRW Automotive Holdings Corp. Zytek Group Ltd. and others. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. UK Electric Vehicle Motor Market Research and Analysis by Motor Type
2. UK Electric Vehicle Motor Market Research and Analysis by Propulsion Technology
3. UK Electric Vehicle Motor Market Research and Analysis by Vehicle Type

The Report Covers

• Comprehensive research methodology of UK Electric Vehicle Motor Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting UK Electric Vehicle Motor Market.
• Insights about market determinants which are stimulating UK Electric Vehicle Motor Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.