Qian Zhan Wang·2025-11-10 10:53Group 1 - The UK government plans to introduce a mileage-based tax for electric vehicle (EV) drivers, marking the end of the tax exemption era for EVs. This tax will be set at 3 pence per mile, which translates to an annual cost of £435 for drivers covering 8,000 miles, including the existing vehicle excise duty [2] - The new tax policy is expected to be officially launched in 2028 after public consultation, aiming to address the revenue shortfall from the transition from fuel vehicles to electric vehicles [2] - In the first five months of 2023, the UK saw a 37.6% year-on-year increase in new energy vehicle sales, with a penetration rate of 28.1%. Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) accounted for nearly 36% of total vehicle sales [3] Group 2 - China is the largest market for new energy vehicles, projected to sell over 11 million units in 2024, which would represent 66% of global sales, significantly outpacing Europe [3] - By the first three quarters of 2025, China is expected to contribute 68% of the global increase in new energy vehicle sales, with a penetration rate reaching 40.3% [4] - BYD's sales in the UK have surged, reflecting the global expansion of Chinese automotive brands. In Q2 2025, BYD is projected to hold a 22% market share globally, selling over 850,000 vehicles, which is more than three times the total annual sales of new energy vehicles in the UK [7] Group 3 - The UK faces challenges in its electric vehicle supply chain, with local battery production meeting only 10% of demand and over 95% reliance on imported raw materials. The impact of Brexit has further increased supply chain costs by 12%-18% [7] - The development of smart connected vehicles is seen as a key trend in the new energy vehicle industry, with China leading the way in proposing integrated vehicle-road-cloud solutions [10]