U.K. Electric Vehicle Battery Industry Analysis
Battery Insights
- Lithium-ion batteries will hold the largest market share, of 35%, in 2024, and it is expected to do the same in the coming few years.
- This is because they have high efficiency and performance in comparison to other batteries.
- In addition, the lithium-ion battery technology is evolving, making it superior to alternatives in terms of heat control and charging speed.
- Moreover, these batteries have a longer lifespan, which is crucial for electric vehicles.
The battery types included in this report are:
- Lead–Acid
- Lithium-Ion (Largest Category)
- Solid-State (Fastest-Growing Category)
- Nickel-Metal Hydride
- Sodium-Ion
- Others
Shape Insights
- The cylindrical category will hold the largest market share, of around 55%, in 2024 due to the stability and endurance of cylindrical batteries, which reduces the risk of deformity.
- These variants are cost-effective as they have lower production costs in comparison to other batteries.
- Moreover, many big companies, such as Rivian and Tesla, prefer cylindrical batteries as they have a high safety advantage.

The shapes included in this report are:
- Prismatic
- Pouch (Fastest-Growing Category)
- Cylindrical (Largest Category)
Capacity Insights
- The 50–110 kWh category will hold the largest market share in 2024 since these variants are easier and less expensive to manufacture than higher-capacity ones.
- The Nissan Leaf and Tesla Model 3, which are hugely popular in the country, mainly incorporate these batteries.
The capacities included in the report are:
- <50 kWh
- 50–110 kWh (Largest Category)
- 111–200 kWh
- 201–300 kWh (Fastest-Growing Category)
- >300 kWh
Propulsion Insights
- Battery electric vehicles will hold the largest market, of 45%, in 2024 due to their lower operating cost.
- Additionally, these vehicles have low fuel and maintenance costs, which makes them affordable in the long run.
- Moreover, the subsidies provided by the government, such as vehicle tax relief, are driving the demand for BEVs.
The propulsions included in the report are:
- Battery Electric Vehicles (Largest Category)
- Plug-In Hybrid Vehicles (Fastest-Growing Category)
- Hybrid Electric Vehicles
- Fuel Cell Electric Vehicle
Vehicle Type Insights
- Passenger cars will hold the largest market share, in 2024, and are expected to do the same in the coming few years.
- Many people are shifting toward electric cars due to the advancements in the battery technology.
- Additionally, their overall costs are reducing owing to the incorporation of low-cost lithium-ion batteries.
- With the increase in the number of home charging points, there is a growing demand for electric cars since owners no longer have to wait for their turn to charge their vehicles at public stations.
The vehicle types included in the report are:
- Passenger Cars (Largest Category)
- Light Commercial Vehicles
- Medium and Heavy-Duty Commercial Vehicles (Fastest-Growing Category)
- Two-Wheelers
- Off-Highway Vehicles
- Others
Geographical Analysis
England Is Largest Country
- England is leading the U.K. electric vehicle battery market by holding 45% market share in 2024.
- England is a base for several electric vehicle companies, such as Audi, Nissan, and MINI, which is helping in the rapid market growth as these electric vehicles require batteries.
- Further, it is the most populated of all the countries in the U.K. and also the one with the richest R&D culture.
The countries analyzed in this report are:
- England (Largest Country Market)
- Scotland (Fastest-Growing Country Market)
- Wales
- Northern Ireland