UK Electric Vehicle Market Share
The UK new car market remained stable in October, with registrations rising 0.5% to 144,948 units, according to the Society of Motor Manufacturers and Traders (SMMT).
Electrified vehicles were the only powertrain technologies to record growth, largely driven by battery electric vehicle (BEV) uptake, with registrations rising by 23.6%, equivalent to 7,028 additional units.
- BEVs took a 25.4% market share, the second highest recorded this year.
- Plug-in hybrid vehicle (PHEV) uptake rose 27.2% to account for 12.1% of the market.
- Hybrid electric vehicles (HEV) posted growth of 2%.
The 25.4% market share is still short of the 28% target set by the ZEV Mandate.
Registrations by fleets declined slightly, falling -1.5%, but the decline was offset by a small increase in registrations by private buyers, up 2.0%. Business registrations rose by 32.7%.
Author's summary: UK battery electric cars take over 25% market share in October.
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