"Electric vehicle (EV) sales in the UK hit a record high in September, boosted by new government subsidies that helped lure more buyers back into the market during the industry's most crucial month of the year. According to preliminary data from the Society of Motor Manufacturers and Traders (SMMT), sales of battery-powered cars rose by nearly a third compared with a year earlier, reaching 72,800 units."
"The renewed incentive also fuelled a sharp increase in plug-in hybrid sales, which surged 56% to 38,300, as carmakers pivoted toward models combining electric and petrol power to boost profitability amid fierce global competition - particularly from new Chinese entrants. Overall, pure electric and hybrid vehicles accounted for more than half of all UK car sales in September, helping total registrations climb 14% year-on-year to 312,900 - the strongest September since 2020."
UK electric vehicle sales reached a record in September after the reintroduction of a government electric car grant in July increased buyer demand. Battery-electric vehicle sales rose nearly a third year-on-year to 72,800 units, while plug-in hybrid sales surged 56% to 38,300 as manufacturers shifted toward electrified-petrol models to protect profitability amid global competition from Chinese entrants. Pure electric and hybrid vehicles made up over half of September car sales, lifting total registrations 14% year-on-year to 312,900. The revived grant offers up to £3,750 for eligible models, and analysts warn the £1.5 billion scheme could end sooner than planned.
Read at Business Matters
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