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

'EV charging divide': Government urged to make it easier for drivers without driveways to charge EVs

'EV charging divide': Government urged to make it easier for drivers without driveways to charge EVs

New EVA England survey and consultation response warn millions of households risk missing out on affordable home charging without urgent planning reform

clock 23 January 2026 • 4 min read
Formula E wins race to become world's first B Corp certified sport

Formula E wins race to become world's first B Corp certified sport

B Corp Certification recognises Formula E’s leadership in using sport as a force to drive positive change and clean tech innovation

clock 23 January 2026 • 2 min read
Octopus Electric Vehicles and Admiral Pioneer team up for affordable EV insurance offer

Octopus Electric Vehicles and Admiral Pioneer team up for affordable EV insurance offer

Companies claim new offer can save EV drivers taking advantage of salary sacrifice scheme up to £550 on insurance costs

clock 22 January 2026 • 2 min read