Analysis of Electric Vehicle Popularity in the UK Market

This report provides an analysis of the increasing popularity of electric vehicles (EVs) in the United Kingdom. The report examines the background of the EV market, highlighting the rapid growth in EV registrations and the shift in consumer preferences. It discusses the features and government initiatives driving EV adoption, including financial incentives and infrastructure development. The methodology involves using secondary data from journals, books, and websites. The report explores consumer preferences, trends in the automobile sector, and the factors influencing the purchase of EVs. Key findings include the growing preference for EVs due to their eco-friendliness, affordability, and advanced features. The report also acknowledges challenges such as limited charging infrastructure and time constraints in data collection. The analysis references various sources to support the findings, emphasizing the positive impact of EVs on the UK market and the government's role in promoting their adoption. The report concludes by summarizing the key trends and insights related to the popularity of electric vehicles in the UK, including the projected growth in sales and the increasing consumer demand for EVs.

Research Skills and Using
Information

Contents
INTRODUCTION...........................................................................................................................1
Aims.............................................................................................................................................1
Objectives....................................................................................................................................1
Research questions.......................................................................................................................1
Background..................................................................................................................................1
DISCRIPTION OF LITERATURE AND DATA...........................................................................1
METHODOLOGY..........................................................................................................................2
SUMMARY OF LITEARTURE AND DATA...............................................................................3
Evaluation of the sources.................................................................................................................4
REFERENCES................................................................................................................................6

PART A
Slide 1
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Slide 3
The electric car market is growing quickly, with more than 164,100 pure-electric cars on UK
roads at the end of September 2020. It has become the most preferable vehicle and first choice
for the people living in UK. The registration rate for electric vehicles has been increased 127% in
the last year. Present report will lay emphasis on the background of problem related to research
topic. Assignment lay emphasis on summarising the literature and evaluating the relevance of
literature sources.
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Slide 4
So this issue will be covered in the present research.
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Slide 5
The popularity has been increased because of the unique features which is been put in EV’s. The
flexibility of users has been increased by making use of this type of vehicle. Britain has also
announced the green car revolution strategy. In this the government has made sure that they
provide adequate support to electric or hybrid vehicles. The mayor of London has thought of
100,000 vehicles in the street of London. By making use of the EV; s it has been analysed that
the Europe has improved driving range. The government initiatives are also one the major
reason because of which the popularity for EV’s has been increased. Most of the youngsters
prefer to buy EV’s only. The government also provides grant up to £5,000 to make more and
more electric vehicles.
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Slide 6
Like for example Tesla has released $25,000 car in the year 2020 which can be affordable by
people in United Kingdom. The companies are being involved in analysing the preferences of
consumers and then designing the Electric vehicles on basis of it. There are various segments of
electric vehicles such as luxury, medium and normal that can be explored and purchased by
consumers. EV’s are really close to be good enough as they provide value for the money that
has been invested by consumers. The only thing which company manufacturing electric vehicles
needs to focus on is the charging infrastructure that has way more to go.
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Slide 7
The government is working on the infrastructure sector so that more and more electronic
vehicles can be developed and prefer by consumers. It has also been analysed that the EV; s is
being selected because of the reason that they produce less carbon dioxide and is more
preferable. The parliament of UK has also taken the initiative to lower down the greenhouse
effect, so their main emphasis is being laid on the electric and hybrid vehicles. The EV’s are also
available at an affordable price. This is the main reason because of which liking for the electric
vehicles is been increasing among UK population. It has assisted in increasing the sales of the
electric vehicles in United Kingdom.
Secondary sources were being used as the methodology for collecting the data included in the
review of literature. It was also being analysed that the sources were been taken from relevant
journals, books and website. The key issues which was been faced in reviewing of literature was
time constraint. The time provided was limited for reviewing the sources. It was also being
analysed that the access to limited data was limited. These were the key issues that was been
faced in collecting based on analysing the popularity of EV. These issues have increased the
timing for gathering relevant information.
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Slide 8
It has also been analysed that the articles which are been selected for reviewing of the
literature were also reliable.
The data related to trends and patterns is been taken from websites with accurate information.
No work taken from authors is imitated and only original work is selected for the present study
to make it more relevant and authentic.
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Slide 10
PART B
INTRODUCTION
Aims
The aim is to evaluate popularity of electric vehicles in United Kingdom
Objectives
• To analyse the concept of electric vehicles and discussion of their popularity
• Trends and patterns followed by the automobile sector and especially electric vehicles
• To evaluate the preferences of consumers in purchasing automobiles
Research questions
 What is the concept of electric vehicles and discussion of their popularity?
 What are the Trends and patterns followed by the automobile sector and especially
electric vehicles?
 What are the preferences of consumers in purchasing automobiles?
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