"The UK's electric vehicle market hit the brakes in November, delivering its weakest growth in almost two years as the Chancellor's looming pay-per-mile tax sowed uncertainty among buyers, and left Tesla nursing the sharpest fall in registrations. New figures from the Society of Motor Manufacturers and Traders (SMMT) show that just under 40,000 battery-electric vehicles (BEVs) were registered last month - only a 3.6% rise on November 2024, and a dramatic slowdown for a sector expected to accelerate rapidly towards the government's net-zero goals."
"From April 2028, BEV drivers will pay 3p per mile and plug-in hybrid drivers 1.5p per mile, replacing the fuel duty revenue lost as motorists ditch petrol and diesel. For a typical BEV driver covering 8,500 miles a year, the charge equates to £255 in road tax, a significant shift from the current near-zero cost regime. The SMMT warned the move risks "endangering the UK's net-zero transition", adding that demand could collapse at the very moment it needs to surge."
Just under 40,000 battery-electric vehicles were registered in November, a 3.6% year-on-year rise and the weakest growth in almost two years. BEVs now hold a 26.4% market share, below the 28% benchmark for this stage of the transition. From April 2028, BEV drivers will pay 3p per mile and plug-in hybrid drivers 1.5p per mile, equating to £255 a year for a typical BEV driver covering 8,500 miles. The SMMT warned the change could endanger the net-zero transition, while the Office for Budget Responsibility estimates 440,000 fewer EV sales over five years. Tesla registrations fell sharply, down almost 20% month-on-month to 3,800 vehicles.
Read at Business Matters
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