The UK has become Europe's biggest electric car market after overtaking Germany. The Society of Motor Manufacturers and Traders, an industry body, found pure battery electric new cars made up 19.6% of the new car market in 2024, with 381,970 purchased. Part of the reason for the uptick was the government's zero emission vehicles mandate, which required carmakers to ensure 22% of their sales were pure electric last year.
Failure to reach the target results in a £15,000 fine per polluting car sold above the limit. It's worth noting, however, that manufacturers can avoid penalties by using flexibilities, such as taking into account the sale of low emission petrol and diesel cars. In Germany, electric cars sold fell by 27.4% to 380,609 and a market share of 13.5%, data by the KBA regulator showed. The removal of purchasing incentives by the government in late 2023 is likely to have decreased appetite. Registrations in France also fell slightly to just under 300,000 units. This is the first time the UK was Europe's largest electric car market, independent European vehicle analyst Matthias Schmidt said. 'The market's performance during 2024 acted as a key market indicator for EU markets that collectively see regulatory changes from 2025 and suggests auto manufacturers are likely to hit targets when push comes to shove during the next 12 months,' he said
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