New data shows UK new car sales rise over 10% in March, but EV target unmet

New data reveals a significant surge in the UK’s new car sales, with an over 10% increase in March compared to the previous year. Despite this growth, the electric vehicle (EV) market fell short of its ambitious goal of achieving 28% of all new car registrations. Industry experts attribute the shortfall to supply chain challenges and consumer hesitancy towards adopting EVs. The rise in car sales signals a strong recovery from previous low periods endured during the pandemic, highlighting a renewed consumer confidence. However, the data indicates that more efforts are needed to bolster the UK’s transition to electric mobility. Incentives and infrastructure improvements are critical in meeting the set targets for EV adoption in the coming years. The report suggests a mixed outlook, with positive growth in general car sales but persistent obstacles for the EV market.

Reuters

more NEWS