Analysis: Rapid EV adoption could unlock £16bn boost to UK economy

Michael Holder
clock • 5 min read
Credit: iStock
Image:

Credit: iStock

But stalled investment in the UK's EV industry could see the UK lose £34bn in economy benefits, according to research from CBI Economics

The rate at which the UK transitions over to electric vehicles (EVs) will have major implications for the automotive sector, with tens of billions of pounds of economic opportunities on offer if the country...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

New EV charging hub to help drive income for West Sussex disability charity

New EV charging hub to help drive income for West Sussex disability charity

Four new chargers installed at Aldingbourne Country Centre in Chichester to provide accessible EV charging for visitors with share of resulting revenues directly supporting the charity

clock 01 May 2026 • 2 min read
EVs reach market 'tipping point' in Europe and China

EVs reach market 'tipping point' in Europe and China

Study suggests electric vehicles are on the cusp of irreversibly replacing internal combustion engine cars

clock 01 May 2026 • 3 min read
Poll: Voters want to see more EV charge points in response to soaring petrol prices

Poll: Voters want to see more EV charge points in response to soaring petrol prices

More in Common poll carried out on behalf of UKSIF shows most Reform UK voters want councils to ramp up support for rolling out public EV charge points

BusinessGreen staff
clock 30 April 2026 • 4 min read