New findings from Electrify Research reveal strong latent demand for electrified power trains among homeowners, with two-thirds of current petrol/diesel owners planning to switch to a more electrified powertrain for their next car. The findings, based on a survey of 9,000 UK homeowners, point to a dramatic transformation in the car market over the next three years.
Alluvial chart showing homeowner car switching intention. From Electrify Research - Homeowner Electrification Tracker Study (HETS) 2023–’25. Based on nine waves of research (Aug ‘23–Aug ’25) each with 1,000 UK homeowners per wave (total 9,000). Base – homeowners who currently own a car and are considering switching (or staying with their current car) in the next 3 years. For each powertrain considered, we multiply the consideration percentage by the share who rate themselves as either “very likely” or “likely” to go ahead and switch. Those who say they won’t be changing cars are assumed to stay with the same powertrain, acting as a brake on shifting flows. Homeowners can express purchase likelihood for multiple powertrains, so the stated intentions reflect overlapping consideration sets rather than mutually exclusive choices. The flows shown represent the relative strength of demand across powertrain types.
This analysis measures latent demand – the underlying interest and purchase likelihood that homeowners express across different powertrain options. Because respondents can express interest in multiple powertrains (e.g., both a BEV and a PHEV), percentages reflect overlapping consideration sets and may add up to more than 100%.
Crucially, latent demand captures relative strength of market momentum, showing where homeowner interest is concentrating. It does not predict exact future sales, but it does reveal clear directional shifts in consumer preference that point toward rapid electrification.
(Note: Actual ownership changes will also depend on supply-side factors such as car purchase costs, vehicle availability and charging infrastructure over the next three years.)
If realised, these demand-side intentions could radically re-shape the UK homeowner car fleet within three years. The research points to:
These shifts in fleet composition are driven by the individual switching intentions outlined below.
Homeowners show clear pathways as they move up the “electrification ladder.” Many want a more electrified powertrain but very few want to go the other way. Please note - figures reflect overlapping consideration rather than exclusive choices, and therefore may exceed 100%:
The research also shows that BEV ownership acts as a catalyst for wider home electrification. Once households adopt a BEV, their likelihood of considering heat pumps and solar panels rises sharply. Each EV purchase, therefore, is not just a car sale - it’s a trigger for a broader energy transition at the household level. Please see earlier article on this here.
What this means for industry stakeholders:
These findings reflect demand-side intentions, not a full market forecast. Consumers often overestimate how soon they’ll replace their car: in our HETS study, around 75% expect to change within three years, but in practice only about 50% will.
Moreover, stated preferences assume certain conditions - for example, stable vehicle prices and improved charging availability - which may not fully materialise. As such, adoption may not follow the exact pattern shown by the stated-preference model.
This analysis draws on Electrify Research’s Homeowner Electrification Tracker Study (HETS), based on nine waves of research conducted between August 2023 and August 2025. Each wave surveyed a representative sample of 1,000 UK homeowners (9,000 total), including both those planning to switch and those with no intention to change their car. HETS is available as a dashboard, contact Electrify Research for more information and a demonstration.
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Electrify Research’s Homeowner Electrification Tracker Study (HETS) study is the world's largest, most up-to-date insight tracker tool covering homeowner adoption, attitudes and 'path to purchase' across: heat pumps, EVs, solar, batteries, finance and energy providers. Built from 32,000 interviews with homeowners plus an additional 4,000 interviews every quarter in the UK, France, Germany and the US, HETS turns complex consumer behaviour into clear, actionable insights, helping organisations leading the home electrification transition improve their products, pricing, marketing, communications and policy. HETS helps you size the market, measure market trends, target / segment audiences, understand the drivers and barriers to purchase, hit consumers’ ‘hot buttons’, measure network effects, assess impact of new tariffs, profile energy supplier brands’ customers.
Contact:
Ben Marks
Managing Director, Electrify Research
ben.marks@electrifyresearch.co.uk
www.electrifyresearch.co.uk