Plug-in vehicles now comprise 13.8% of new car registrations, up from 7.2% a year earlier, with the most rapid growth seen in plug-in hybrid (PHEV) derivatives, according to the latest figures for May 2021 from the Society of Motor Manufacturers and Traders (SMMT).
Battery electric vehicle (BEV), plug-in hybrid (PHEV) and Hybrid (HEV) new car registrations in May 2021 were up 822.4% compared to 12 months earlier, in lockdown; market share is 23.0%, compared to a 9.9% market share for new diesel cars.
In May 2021, 13,120 BEVs were registered, compared to 2,424 in May 2020, representing a 441.3% increase.
Against a more positive economic backdrop – including OECD forecasting a 7.2% increase in UK GDP during 2021 – fleet registrations grew more than twice as fast as private purchases in May. Large fleets accounted for 50.7% of all new vehicles hitting the road, demonstrating improving business confidence compared to the same month last year.