"With a wave of new models, deeper discounts and lower running costs, more buyers are starting to see EVs as a way to take control of their energy costs."
"Much of March's performance will be from orders placed before the start of the Iran conflict. The Iran war threatens to raise the cost of living, undermining consumer confidence."
In March, electric vehicle registrations hit a record high of 196,059, driven by rising petrol and diesel prices. Battery electric cars saw a 24.2% increase, while plug-in hybrids rose by 46.9%. The UK new car market grew by 6.6%, the strongest since 2019. SMMT chief executive Mike Hawes noted that much of the growth stemmed from pre-war orders, warning that rising costs could affect consumer confidence. Autotrader's Ian Plummer reported a surge in inquiries for electric vehicles, indicating a shift in consumer priorities amid escalating energy prices.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]