January 2024 UK new car market grew by 8.2% according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).

A total of 142,886 new cars were registered and this was mostly down to fleet registrations. Private retail demand is still down.  The best selling new car for last month was the Kia Sportage. 

Last month Britain reached its millionth battery electric registered car.

It’s taken just over 20 years to reach our million EV milestone – but with the right policies, we can double down on that success in just another two. Market growth is currently dependent on businesses and fleets. Government must therefore use the upcoming Budget to support private EV buyers, temporarily halving VAT to cut carbon, drive economic growth and help everyone make the switch. Manufacturers have been asked to supply the vehicles, we now ask government to help consumers buy the vehicles on which net zero depends.

Said Mike Hawes, SMMT Chief Executive.

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