New figures from the Society of Motor Manufacturers and Traders (SMMT) show that a total of 275,239 new 74 plate cars were registered last month. However, this is still -19% down from pre-COVID levels in September 2019.
Plug-in hybrids grew faster than any other fuel type, up 32%, representing a 8.9% share of the market. Battery electric vehicles registrations were up 24.4%, setting a new record, with fleet registrations accounting for 36.8% of that growth.
September’s record EV performance is good news, but look under the bonnet and there are serious concerns as the market is not growing quickly enough to meet mandated targets. Despite manufacturers spending billions on both product and market support – support that the industry cannot sustain indefinitely – market weakness is putting environmental ambitions at risk and jeopardising future investment. While we appreciate the pressures on the public purse, the Chancellor must use the forthcoming Budget to introduce bold measures on consumer support and infrastructure to get the transition back on track, and with it the economic growth and environmental benefits we all crave.
Said Mike Hawes, SMMT Chief Executive.
September best selling car was the Kia Sportage.
Figures from the Society of Motor Manufacturers and Traders (SMMT).
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