UK New Car Sales Rise for Second Consecutive Year Driven by Business Adoption of Electric Vehicles

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UK New Car Sales Rise for Second Consecutive Year Driven by Business Adoption of Electric Vehicles
Electric Vehicles,UK Car Sales,Business Fleets

New car registrations in the UK have increased for the second year in a row, primarily fueled by a surge in electric vehicle (EV) adoption among businesses and fleets. While only 10% of private car buyers chose pure electric vehicles, registrations by businesses and fleets rose by 64,000, accounting for 19.6% of the market. This growth comes despite challenges such as high investment costs and the need for continued consumer incentives. Overall, petrol and diesel car registrations declined, while hybrid and plug-in hybrid vehicles saw increases.

UK new car sales up for second year in a row as business buyers swap to electric vehicles, research shows

As a result, BEVs made up 19.6% of the market , up by more than a fifth from last year, but short of the 22% demanded by the mandate. Across the total market, petrol and diesel car registrations fell by -4.4% and -13.6% respectively as more buyers swapped either to BEVs, or to lower emission hybrid electric vehicles and plug-in hybrids .

Petrol remained the most popular powertrain among private buyers, taking up 61.0% of demand, with hybrid electric vehicles in second place at 16.0%.

 

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