EV Registrations Almost Triple as New Car Market Declines
According to a report by SMMT, the UK new car market declined again in July 2019. Falling by 4.1%, 157,198 vehicles left showrooms.
The reason for the decline is political, economic uncertainty and confusion over the different fuel type government policy.
Private demand fell 2.0%, deliveries for fleet and business customers were down 4.7% and 22.5% respectively.
- Diesel vehicle registrations were down 22.1%.
- Petrols remained stable with 2,646.
- Hybrid electric cars increased by 34.2%.
- Plug-in hybrid vehicles were down 49.6%.
- Battery electric vehicles were up 158.1%.
Mike Hawes, SMMT Chief Executive, said: “Despite yet another month of decline in the new car market, it’s encouraging to see substantial growth in zero emission vehicles. Thanks to manufacturers’ investment in these new technologies over many years, these cars are coming to market in greater numbers than ever before. If the UK is to meet its environmental ambitions, however, government must create the right conditions to drive uptake, including long-term incentives and investment in infrastructure. The fastest way to address air quality concerns is through fleet renewal so buyers need to be given the confidence to invest in the new, cleaner vehicles that best suit their driving needs, regardless of how they are powered.
For detailed information, head over to SMMT.