United Kingdom (UK) Electric Powertrain Market Overview, 2029

United Kingdom (UK) Electric Powertrain Market Overview, 2029

An essential part of the automotive sector, the UK Powertrain Market serves a broad range of vehicle types, including passenger automobiles and commercial vehicles. The evolution and improvement of internal combustion engines (ICE) powered by petrol and diesel have historically defined it. For many years, the industry was dominated by these conventional powertrains, which offered dependable performance but also added to environmental problems including air pollution and greenhouse gas emissions. Growing concerns about the environment and the demand for more environmentally friendly transportation alternatives fueled the UK Powertrain Market's growth. Developments in alternative powertrains, such as plug-in hybrid electric vehicles (PHEVs) and hybrid electric vehicles (HEVs), followed by battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs), were spurred by this change. The development of the UK powertrain market is reflective of larger worldwide patterns in automotive manufacture and engineering. British automakers were innovators in engine design and manufacturing during the 20th century, helping to create enduring powertrain innovations. Global supply networks and partnerships sped up innovation even further, enabling UK automakers to incorporate state-of-the-art technology into their cars. Due in large part to aggressive environmental goals and customer desire for more environmentally friendly automobiles, the industry has seen a revolutionary move towards electrification in recent decades.

According to the research report ""United Kingdom Electric Powertrain Market Overview, 2029,"" published by Bonafide Research, the United Kingdom Electric Powertrain market is anticipated to grow at more than 18.6% CAGR from 2024 to 2029. Government rules focused at lowering carbon emissions and worldwide environmental concerns are what are driving the trend towards electrification. The demand for hybrid and electric cars (EVs) has increased significantly in the UK, which has resulted in a boom in the electric powertrain market. Improvements in battery technology have contributed to this trend by increasing the efficiency and range of electric cars, which appeals to both companies and consumers. Tight emissions laws have a significant influence on the UK powertrain market. Increased limits on the amount of pollutants that automobiles can produce, including the impending Euro 7 demands and the Euro 6 standards, are pushing automakers to create cleaner, more effective engine technology. The present law motivates the allocation of resources towards the advancement of low-emission technologies, such as hydrogen fuel cells, hybrid systems, and enhanced internal combustion engine technology.

The UK Powertrain Market has a number of difficulties. The expensive expense of new technology, especially electric cars and the infrastructure that goes with them, is a major challenge. While prices are steadily falling as economies of scale and technology advance, affordability still prevents broad use. Creating a countrywide infrastructure for electric car charging is another difficulty. Adoption can be hampered by range anxiety among customers and companies, underscoring the significance of creating a strong network of easy, dependable, and quickly charging charging stations. The UK Powertrain Market is anticipated to be shaped by a number of significant trends. Among these are ongoing developments in battery technology, which will improve the efficiency and cost-effectiveness of electric cars. In order to promote innovation in connected cars, autonomous driving features, and smart mobility solutions, the industry is also expected to witness a rise in cooperation between automakers and tech firms.

A number of significant UK firms are actively influencing the electric powertrain sector. Tesla, a leader in electric cars (EVs), is growing its market share with cutting-edge battery systems and novel electric powertrain technology. Nissan is a major contributor to the expansion of the EV market in the UK, especially with models like the Nissan Leaf, for which it produces EVs in its Sunderland facility. Jaguar Land Rover represents British elegance and performance in electric cars with its dedication to electrification and the launch of models such as the Jaguar I-Pace. Important players in the UK market include BMW and Volkswagen, which use their extensive worldwide experience in electric mobility to influence the market with models like the BMW i3 and the VW ID.4.

The primary purpose of passenger cars, frequently referred to as automobiles or cars, is to carry people rather than commerce. These cars are meant for individual or family usage and are usually smaller than commercial vehicles. There are many distinct kinds of passenger automobiles, each meeting the demands and tastes of different customers. These include sedans, hatchbacks, SUVs (sports utility vehicles), and coupes. Passenger comfort, convenience, and safety are given top priority in its feature set. The widespread usage of passenger automobiles for long-distance driving, leisure and everyday commuting demonstrates their adaptability to a variety of transportation requirements. A broad variety of automobiles are referred to as commercial vehicles when they are utilised for the transportation of products or people for profit. This group include delivery trucks, trailers, coaches and other speciality vehicles in addition to trucks, vans and buses. Commercial vehicles, in contrast to passenger automobiles, are usually bigger, heavier, and built with sturdy engines and chassis to support huge loads and regular use. They are essential to many different industries, including construction, public transit, logistics, and products delivery. Depending on the demands of a given operation, commercial vehicles frequently have several designs that maximise fuel economy, seating capacity, and cargo space. The majority of vehicles in the UK market for electric powertrains are passenger automobiles. Growing consumer awareness of environmental problems and the availability of a vast selection of electric vehicle (EV) models from both local and foreign manufacturers are major contributors to this trend. In order to increase the acceptance of electric passenger vehicles, the UK government has also been aggressively pushing for their use through grants, subsidies, and infrastructural improvements.

The battery, which stores the electrical energy needed to power the car, is the central component of an EV's powertrain. The majority of contemporary EV batteries are lithium-ion based, providing a weight-to-energy density ratio that is balanced. The battery management system (BMS) controls the charging and discharging procedures and keeps an eye on cell conditions to guarantee maximum performance, longevity, and safety. By converting DC power from the battery into the AC power required by the motor, the power electronic controller (PEC) serves as an interface between the battery and the motor/generator. This controller controls power flow when the motor reverses direction to produce energy that is then returned to the battery through regenerative braking. Another crucial element is the motor/generator, which is in charge of using mechanical energy to create electricity during braking and turning electrical energy into mechanical energy (transportation) in acceleration. The converter's function provides excellent performance under all driving situations by facilitating effective power transmission between the battery, motor, and other vehicle components. If a gearbox is present, it optimises performance and efficiency by adjusting torque and speed from the engine to the wheels. Finally, while guaranteeing safety and effectiveness during charging cycles, the on-board charger controls the process of charging the electric vehicle (EV) from an external power source by converting AC current to DC for the battery. These parts work together to create an intricate system that specifies the power and efficiency of electric cars. Batteries are a prominent component that drives the electric powertrain sector in the United Kingdom. The battery technological breakthroughs have improved the driving range, economy, and cost of electric vehicles dramatically. Because of its exceptional lifetime and energy storage capacity, high-density lithium-ion batteries in particular have proven to be the preferred option for the majority of electric vehicle makers. In an effort to strengthen domestic production capacity and lessen reliance on imports, the UK has made investments in battery manufacturing facilities.

Within the automobile industry, plug-in hybrid electric vehicles (HEV/PHEVs) and electric vehicles (BEVs) have different applications. Rechargeable batteries are the only source of power for the electric motors of battery electric vehicles (BEVs), which have no exhaust emissions and a minimal environmental effect. While BEVs may be used for short-distance and urban transportation, longer use requires access to charging infrastructure. By contrast, hybrid electric vehicles (HEVs) cut pollution and improve fuel efficiency when driving on highways and cities by combining internal combustion engines with electric propulsion systems. Plug-in hybrid electric cars, or PHEVs, provide drivers with more range without requiring frequent stops for charging by enabling brief electric-only trips before transitioning to hybrid mode. By lowering dependency on fossil fuels, BEVs and HEV/PHEVs both help achieve sustainability goals. Their distinct advantages are tailored to meet varying driving requirements and the accessibility of infrastructure. In the UK market for electric powertrains, Battery Electric Vehicles (BEVs) are the most popular application category. Batteries are the only source of electricity used by BEVs, so they produce no pollutants at all from their exhaust. Fleet operators and customers alike are adopting BEVs more quickly because to advancements in battery technology and the expanding network of charging stations around the United Kingdom. Government rewards, such subsidies for buying electric cars and exemptions from traffic fines, have also encouraged the switch to BEVs.
Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Electric Powertrain market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Vehicle Type
• Passenger Car
• Commercial Vehicle

By Component
• Battery
• Power Electronic Controller
• Motor/Generator
• Converter
• Transmission
• On-Board Charger

By Application
• BEV
• HEV/PHEV

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Powertrain industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.