In March, electric cars accounted for 16.21% of all new car registrations in the UK, as the exponential growth in EV uptake seen in recent years begins to stabilise.
While demand for electric vehicles is still high, it is likely that slower rates of growth will continue until the ZEV Mandate is implemented in 2024, and supply is able to consistently match consumer demand.
Ben Nelmes, Chief Executive Officer at New AutoMotive, said, “March was a strong month for electric car sales, but the share of car sales that are fully electric is roughly the same as March last year.
“Consumer demand is strong, and the government needs to boost the supply of electric cars to the UK to enable more people to go electric.
“The government’s latest proposals for a California-style Zero Emissions Vehicle mandate are an important signal that the UK government is committed to its ambition to end the sale of petrol and diesel cars by 2035 and will make it cheaper and easier for British drivers to go electric.”
European manufacturers dominate in the brands that are quickest to electrify – including household names like Porsche, Volvo, BMW and Audi.
Regional highlights include Oxfordshire with 44% of all new cars registered being electric, Wimbledon at 31% and Bristol at 24%.
This month’s data includes a quarterly contribution of EV order data from Octopus Electric Vehicles, which shows that in Q1 of this year the MG 4 has taken the market by storm and that the Audi Q8 is dominating the premium SUV market – you can find more info on the above in the full release here.
Latest UK electric van data shows that e-vans held 5% of the market in March, with new registrations down to commercial fleets taking advantage of grants still available for businesses looking to make the switch. Hybrids continue to be unpopular, making up just 1% of the market.
