The Future of Electric Cars: What’s Next for the EV Market?

The electric vehicle (EV) revolution is fully underway — and the market is about to get even more interesting. From government mandates and battery tech to brand-new competition from China, the future of electric cars is reshaping the way we drive, buy, and lease vehicles.

At National Vehicle Solutions, we keep our finger on the pulse of these developments so our customers can get the best deals, whether you're a personal driver or a business fleet manager. Let’s take a look at where the EV market is heading — and what that means for drivers across the UK.

📈 Global Electric Car Sales Are Accelerating

According to the International Energy Agency (IEA), global EV sales hit over 14 million units in 2023, and are on track for 17 million in 2025 (IEA). In the UK, EVs made up 16.5% of all new car registrations last year (SMMT) — and that share is rising fast.

Driven by tighter emissions laws and growing consumer demand, leasing an EV is becoming a no-brainer for drivers looking to future-proof their commute.

Chinese Brands Are Disrupting the Market

Here’s something the mainstream media is only just catching on to: Chinese EV manufacturers are entering the UK market — and shaking things up in a big way.

Who’s coming?

BYD (Build Your Dreams) — Already launched in the UK with models like the Atto 3 and Dolphin. Backed by Warren Buffett, this brand is rapidly gaining ground.
MG Motor — Owned by China’s SAIC Motor, MG is no longer a quirky British badge — it’s one of the UK’s top-selling EV brands.
ORA (by Great Wall Motors) — The funky ORA Funky Cat has hit UK roads with bold styling and a wallet-friendly price tag.
NIO & XPeng — These premium EV players are eyeing Europe aggressively and have already launched in other markets like Norway and Germany.

What does this mean for UK drivers?

More choice: Budget-friendly EVs with high tech and generous spec sheets.
Downward pressure on prices: Competition is heating up. Legacy brands like Volkswagen, Ford, and Stellantis will have to fight harder to justify their higher price points.
Faster innovation cycles: Chinese EV brands tend to roll out updates faster, with software-first platforms that rival Tesla.

While European manufacturers are scrambling to cut costs and speed up development, Chinese brands are already delivering impressive range, build quality, and tech — at lower price points.

At National Vehicle Solutions, we’re watching this closely because it opens up exciting new leasing opportunities for our customers who want maximum value without compromise.

🔋 Battery Technology: Faster, Cheaper, Greener

Solid-state batteries, lithium-iron-phosphate (LFP) chemistry, and faster charging speeds — all signs point to a smarter, more efficient future.

China currently dominates global battery production, with companies like CATL and BYD leading the charge. As their technology flows into new EVs entering the UK market, expect more competitive models with improved range and lower costs.

And if you're leasing? That means better spec for less money, with none of the long-term worries about battery degradation or resale.

🌍 Infrastructure Is Catching Up

By 2030, the UK aims to have over 300,000 public charge points installed (UK GOV). Rapid charging networks like Gridserve, Instavolt, and Tesla Superchargers are already transforming the long-distance EV driving experience.

Still worried about charging? Don’t be — the UK charging network is growing faster than most people realise, and many EVs now offer 250+ miles of range.

🧠 Smarter Cars, Smarter Driving

Electric cars aren’t just about clean energy — they’re about smart mobility.

Chinese brands in particular are leading with software-first platforms, offering features like:

In-car voice assistants
Facial recognition for driver profiles
OTA (Over-the-Air) software updates
Advanced driver-assist systems

This leap in digital tech is raising the bar for all manufacturers — and as a leasing customer, you benefit from constant innovation without the hassle of ownership or depreciation.

🤑 Lower Running Costs, Bigger Tax Benefits

Whether you’re a sole trader, company director, or personal driver, EVs offer:

Zero or ultra-low road tax
Business leasing BIK as low as 2%
Lower maintenance costs
Huge savings on fuel

When you lease through National Vehicle Solutions, you can take full advantage of EV benefits without a huge upfront payment.

🧩 What Does This Mean for You?

With increased competition, rapid innovation, and better pricing — especially from the influx of Chinese brands — now’s the best time to go electric.

If you’ve been sitting on the fence, leasing gives you the freedom to try an EV without long-term commitment. You’ll get the latest models, manufacturer-backed warranties, and often nationwide delivery — all from one straightforward monthly cost.

🚗 Ready to Make the Switch?

At National Vehicle Solutions, we offer a wide range of electric car lease deals — from budget-friendly Chinese brands like MG and ORA to established players like Tesla, BMW, and Audi.

👉 Browse the latest electric lease offers
👉 Compare EV running costs with our calculator

Not sure where to start? Give us a call or send us a message — we’re happy to help you find the perfect EV for your lifestyle and budget.