UK auto industry body cuts 2023 sales outlook for battery electric vehicles

The Society of Motor Manufacturers and Traders downgraded its forecast for battery electric vehicles' market share to 18.4% of sales for the year, from a previous estimate of 19.7%.

While SMMT's outlook for BEVs softened, the sector recorded strong performance in April, with year-on-year deliveries of BEVs surging by more than half to 20,522 vehicles and market share jumping from 10.8% to 15.4%. "The broader economic conditions and charge point anxiety are beginning to cast a cloud over the market’s eagerness to adopt zero emission mobility at the scale and pace needed," SMMT Chief Executive Mike Hawes said in a statement.

New car registrations rose for the ninth consecutive month, jumping 11.6% in April from a year earlier, to 132,990 units, according to the industry data released by the Society of Motor Manufacturers and Traders . Hawes said the new car market was increasingly bullish as easing supply pressures provide a much-needed boost to sales.

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