Are new electric car sales stalling in the UK?

Electric car sales to private buyers are 6.3% lower so far in 2024 despite £2 billion of manufacturers discounts

Electric car sales in the UK are facing challenges despite the growth in the number of electric vehicles (EVs) on the roads. The Society of Motor Manufacturers and Traders (SMMT) has indicated that the proportion of EV sales has not surpassed 18%, with the market mainly propelled by fleet operators, not private consumers.

It has been suggested that the industry will struggle to meet the government target of 22% of new car sale in 2024 being ‘zero-emission vehicles’.

Contributing factors to this slowdown include the high costs, a limited public charging infrastructure, and range anxiety.

Nonetheless, September 2024 saw a record number of new electric car registrations, exceeding 56,000. Yet, the long-term viability of these figures is uncertain, as they were bolstered by substantial discounts.

And yet the electric car still remains an equally expensive option by direct comparison.

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