Little cheer as new car market looks forward to 2025
Strong growth in EV sales but figures only tell half the story.
Strong growth in EV sales but figures only tell half the story.
EV sales surge but driven by discounts.
Electric sales only bright spot in depressed market.
SMMT and 12 manufacturers call on government to breathe life into consumer BEV market.
Incentives needed to encourage buyers into EVs.
Growing calls for Government action to stimulate private EV sales.
Car registration figures hit a million for the year in June, but study of the data indicates increasing issues.
Fleet sales produced a 22nd consecutive month of growth for the UK new car market in May, as private sales continued to nose-dive.
The Society of Motor Manufacturers & Traders has spelt out EV incentives it wants to see from the next Government, but should the focus be wider than on electric?
While battery electric vehicle (BEV) registration volumes were at their highest ever recorded levels, market share fell by one percentage point from the same month last year, down to 15.2%.
A faster, fairer market transition depends on more private buyers switching but the lack of significant incentives is holding back many. The Budget is an opportunity for the Chancellor to
Bucking the grey trend in the new market, black cars were the most popular used purchases, with more than 1.5 million buyers (21.4%) choosing the colour. Grey, however, increased its
Volatility in BEV supply has been expected and is likely to continue as manufacturers adjust product allocation following the last-minute resolution over UK-EU rules of origin, which had threatened to
Battery electric vehicle (BEV) uptake reached a record volume – up by almost 50,000 units with 314,687 new registrations. Indeed, 2023 saw more BEVs reach the road than in 2020
Of the 24,359 new BEVs reaching the road in November, 77.4% were taken on by fleets and businesses. While overall BEV volumes fell by 17.1%, leading to a reduced market
BEVs now represent 1.8% of the used market, up from 1.0% last year. Plug-in hybrids (PHEVs), and hybrids (HEVs) also grew, up 34.6%, and 46.4% respectively – resulting in combined
Hybrid electric vehicles (HEVs) grew 24.6% to reach 19,574 units, while plug-in hybrid vehicles (PHEVs) recorded the highest proportional growth, up 60.5% to 14,285 registrations. Battery electric vehicle (BEV) uptake
Battery electric vehicles (BEVs) recorded their 41st consecutive month of growth – with 45,323 drivers making the switch, an 18.9% uplift. Given this growth was less than the overall recorded
Prime Minister Rishi Sunak said the government is committed to reaching net zero by 2050 – but in a “more proportionate way”. A 2035 deadline is in line with EU
A used fully Battery Electric Vehicle (BEV) will be the choice for 4% and another 8% will seek a used Plug-in Hybrid Electric Vehicle (PHEV). At 12%, as many people
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