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Battery electric vehicle (BEV) uptake rose to reach 26.4% share of the market in November, just ahead of the 25.1% achieved in November last year.
More than one in four cars sold was an EV, while pure petrol and diesel cars together now account for less than one in three new cars sold.
Together with EVs, hybrid electric vehicle (HEV) uptake rose slightly by 1.3% to comprise 13.1% of the market and plug-in hybrids were up 14.8%, accounting for 11.9% of registrations. As a result, ‘electrified vehicles’ achieved a record market share for the year of 51.4%.
The Society of Motor Manufacturers and Traders (SMMT) comments: “While last week’s Budget provided some essential support to accelerate the transition to electric vehicles – including additional funding to extend the Electric Car Grant, an uplift in the threshold from which EVs would be subject to the VED Expensive Car Supplement, and more money for infrastructure rollout – plans to introduce a “pence per mile” electric Vehicle Excise Duty (eVED) will endanger the UK’s net zero transition. Current proposals will quash demand right when it is needed to rise steeply, leaving the market even further adrift of government goals.”
In 2025, the headline target for the Zero Emission Vehicle (ZEV) Mandate is 28%, with a 22.7% year-to-date market share, but industry as a whole can sell 21.7% EVs to meet this target due to flexibilities built into the mandate. It is currently at 22.4% for the year to date, so is on course to comply with the ZEV Mandate for the second year running.
