Market Drivers

New £3,750 grant for EVs under £37,000
2030 ICE vehicle ban
Localised support for domestic production

World's largest EV market
Strong state support and subsidies
Robust local demand

Top Players

Vauxhall, Nissan (UK-made models), MG (with caveats), Stellantis group brands

BYD, NIO, XPeng, Li Auto, Geely, SAIC

Policy Tailwinds

Grant targets UK/EU-made EVs
Expansion of charging network (82,000+ points)

Massive government support
EV tax incentives and R&D subsidies

Export Potential

Limited—mostly domestic consumption-focused

High export ambitions (e.g., BYD, NIO expanding to Europe and Latin America)

Risks

Supply chain pressures
Infrastructure gaps
Political inconsistency

US/EU tariffs (Trump’s proposed 30% duties)
Regulatory scrutiny abroad

Share Price Sensitivity

Mid-term upside for UK-linked brands if uptake improves

Volatility tied to geopolitics, tariffs, and US/Europe relations

Growth Outlook

(12–24 mo)

Moderate to strong (pending consumer uptake of grants)

Strong but geopolitically vulnerable

Investor Strategy

Focus on UK/EU carmakers with qualifying EVs and battery tech firms

Monitor Chinese EV stocks for dips tied to tariff headlines—buy on weakness?

Key ETFs & Stocks

- iShares Electric Vehicles and Driving Tech (ECAR)
- Stellantis
- Glencore (battery metals)

- Global X China EV ETF
- BYD, NIO, XPeng, CATL (battery maker)