EVs now account for a quarter of all new models available

The UK new car market posted its longest uninterrupted period of expansion for eight years, as registrations grew 16.7% in May to reach 145,204 units according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Despite 10 consecutive months of growth, registrations remain 21.0% below pre-pandemic 2019 levels.

THERE are now zero emission options available in every single segment of the market, with more than 80 models – around a quarter of all new car models available – from which to choose.

Furthermore, these new BEVs have an average battery range of 236 miles, well in excess of UK drivers’ average weekly mileage of around 100 miles.

While billions of industry investment is delivering choice and growth, however, the speed of the shift needs to accelerate. From January the Zero Emission Vehicle Mandate comes into force, which will set a minimum quota for new battery electric vehicle registrations for every brand. While the models and volumes will be available, ensuring the market demand is there will require action from every stakeholder.

A supportive fiscal framework, simplified planning processes, faster grid connections and the provision of a nationwide network of reliable, affordable and sustainable charge points will give drivers considering the switch the confidence to purchase. Investments are coming but regulated public charger targets commensurate with those for new vehicle registrations would give drivers greater confidence and help accelerate the UK’s zero emission transition.

Despite 10 consecutive months of growth, registrations remain 21.0% below pre-pandemic 2019 levels.

John Wilmot, CEO, car leasing comparison website Leaseloco, added: “Although a 10th consecutive month of growth in new car registrations is encouraging, we shouldn’t forget that new car sales slumped in 2022, so we are comparing 2023 registrations with very low sales levels.

“Also, EV registrations are not spectacular and are struggling to increase market share – 16.9% seems reasonable on the surface, but in December market share was just under 33%.