UK battery EV sales
The best January new car sales since 2020 occurred, with an 8.2% increase to 147,876 units overall, according to The Society of Motor Manufacturers and Traders (SMMT). This growth was driven mostly by the fleet market.
On Monday, An industry body announced that despite declining demand from private consumers, Britain sold its one-millionth battery electric vehicle Sales in January. The organization called on the government to offer buyers relief in the budget for the following month.
The Society of Motor Manufacturers and Traders (SMMT) said that overall new car sales in January increased 8.2% to 147,876 units, the highest level since 2020. The strong demand in the fleet market contributed to this growth.
The industry group demanded Britain help consumers by temporarily reducing the value-added tax (VAT) on new UK battery electric vehicle Sales ahead of the country’s budget next month.
In a statement, SMMT CEO Mike Hawes said, “Manufacturers have been asked to supply the vehicles, we now ask the government to help consumers buy the vehicles on which net zero depends.”
The forecast for total new car sales in 2024 has increased to 4,000 units, but the market share of UK battery electric vehicle Sales has decreased to 21% throughout the year, from the 22.3% predicted in October.