"August was the best month yet this year for EV market share and while it is often volatile due to low overall volumes, the overall trend is positive. September will be critical, with the new number plate factor typically driving around one in seven new car registrations for the year. There is now a vast choice of electric models across all segments and many consumers will also, for the first time in three years, benefit from a grant to help them switch to electric."
"With more models being added to the Government's electric car grant each week, there is now every reason for drivers to make the switch, helping deliver both economic growth and decarbonisation. The Government's £650 million electric car grant helped reignite consumer interest for EVs, with advert views for new EVs under £37,000 virtually doubling overnight. Consumers are keeping a close watch and as more eligible models receive the grant, we're seeing them attract more attention on our platform."
Registrations of new cars fell by 2% in August to 82,908 units. Battery electric vehicles held a 36.5% share of the new-car market in August. August represented the strongest month so far this year for EV market share, though volatility exists because of low overall volumes. September will be important because the new number plate typically drives about one in seven annual registrations. A £650 million government electric car grant has boosted consumer interest, with advert views for new EVs under £37,000 nearly doubling. More eligible models are being added to the grant each week, expanding choice and shopper attention.
Read at London Business News | Londonlovesbusiness.com
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