New data from New Automotive indicates that UK new car sales experienced a notable surge in May, with a 6% increase compared to the same period last year, largely attributed to robust demand for plug-in vehicles. Battery electric vehicles (BEV) comprised 27% of all registrations during this time.
New car sales in the UK surged by 6% in May compared to the same month last year, fueled by a significant uptick in demand for plug-in vehicles, with battery electric vehicles (BEV) making up 27% of all new registrations, as reported by New Automotive on Wednesday.
Related ↗British companies halt recruitment amid Iran conflict impact, REC research indicates.Rising fuel prices, fueled by global oil market volatility and the ongoing conflict in Iran, are driving British consumers towards electric vehicles as a more cost-effective option. Meanwhile, the UK government's Electric Vehicle Incentive Scheme is further encouraging the shift towards eco-friendly transportation.
UK new car sales saw a significant boost in May, with BEV registrations skyrocketing 31% year-on-year, outpacing all other segments. Meanwhile, traditional petrol and diesel cars experienced declines of 14% and 6%, respectively, as the market shifted towards alternative fuel options.
Read next ↗Tate & Lyle accepts a £2.7 billion all-cash acquisition from Ingredion.UK new vehicle registrations saw a notable surge in May, with Tesla's market share unaffected by a 6% uptick in overall sales, totaling 152,331 units year-to-date.
Ginny Buckley, Electrifying.com's CEO, dismisses concerns about driver reluctance towards electric vehicles, citing lower running costs and reduced exposure to oil price fluctuations as key advantages.
Rising fuel prices, fueled by global oil market Europe and the ongoing conflict in Iran, are driving British consumers towards electric vehicles as a more cost-effective option. Meanwhile, the UK government's Electric Vehicle Incentive Scheme is further encouraging the shift towards eco-friendly transportation.
Tesla's new vehicle registrations saw a notable surge in May, with Tesla's market share unaffected by a 6% uptick in overall sales, totaling 152,331 units year-to-date.
