EV demand outpaces new car market but private buyers still a concern
- 5 August 2024
Registrations of new electric cars soared in July but concerns for private buyer demand remain paramount.
Registrations of new electric cars soared in July but concerns for private buyer demand remain paramount.
The UK new car market grew a modest 1.1% in June, driven yet again by robust demand from fleets while consumer take-up continued to drop off.
Five months into the new Zero Emission Vehicle (ZEV) mandate regime, there is little evidence of it yet igniting the LCV market, according to the Zero Emission Van Plan Coalition.
The UK new light commercial vehicle market posted its 17th consecutive month of growth in May, as registrations rose by 1.9% to reach 25,853 units.
New car registrations in the UK rose 1.7% in May, as soaring fleet and business demand continued to offset a fallback in the private consumer market.
Nearly a third (29.3%) of models on the new car market are available as zero emission, giving Brits the best-ever choice of ways to go electric.
The UK new van market has recorded its best April for three years but battery electric van (BEV) uptake continues to decline.
New van registrations soared past the 50,000 mark in a bumper March for fleet renewal.
The UK new car market rose 10.4% in March, clocking up its 20th consecutive month of growth on the back of soaring demand.
LCV registrations in the UK grew by 2.2% in February to 17,934 units, marking the 14th consecutive month of growth.
Demand for fully electric cars grew further in February as fleets continue to drive growth, but concerns mount for private EV uptake.
The UK automotive industry is urging the Chancellor to use next week’s Budget to make vital tax breaks to boost EV demand and drive net zero plans.
Rising electric van demand saw the 60,000th eLCV join UK roads in January, new figures from the Society of Motor Manufacturers and Traders (SMMT) reveal.
Registrations of new light commercial vehicles (LCVs) soared 21.0% in 2023, with record numbers of battery electric vans (BEVs) hitting the roads but no advances in BEV market share.
The UK new car market has recorded its best year since the pandemic on the back of surging fleet investment but BEV market share declined.
Registrations of new light commercial vehicles rocketed again in September, supported by surging e-LCV demand, but the industry continues to hammer home the need for a van-specific charge point rollout.
The UK new car market grew 21.0% in September on the back of surging fleet demand, but the industry continues to call for private motorist support for EVs as uptake declines.
Government-backed EV incentives targeted at consumers must be implemented to help ensure mass market take-up, according to the Society of Motor Manufacturers and Traders (SMMT).
UK registrations of new vans rose 5.0% to 16,303 units in August supported by rocketing demand for eLCVs and medium-sized vans.
The UK used car market continues to bounce back strongly from a challenging 2022, supported by recovering production levels and surging demand for EVs.