According to Eurostat, the UK ranks as the ninth-largest economy globally by GDP. The UK government has set ambitious goals to accelerate the adoption of electric vehicles, prompting the automotive industry to shift rapidly toward electric mobility. Increased investments in the development and production of electric vehicles, along with expanded EV infrastructure and enhanced consumer incentives, are fueling demand across the country. The Society of Motor Manufacturers and Traders (SMMT) reports that over 260,000 electric cars were sold in 2022, representing 16.6% of new vehicle sales and making EVs the second most popular fuel type after petrol. To ensure safety and durability, electric vehicles require high-performance materials. Composites, known for their outstanding resistance to extreme temperatures, chemicals, and environmental factors, are widely used for critical sealing and gasket applications in EVs.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook