UK plug-in car sales surge by 33% in October 2023

UK plug-in car sales surge by 33% in October 2023

The UK automotive market enjoyed a 14 per cent year-over-year increase in new passenger car registrations, with the plug-in electric car segment showing even faster expansion, indicating the continuous shift towards sustainable and electric mobility in the country’s automotive landscape. The latest data from the Society of Motor Manufacturers & Traders (SMMT) revealed a robust upswing in the UK's automotive sector for last month, as the number of new passenger cars registered in the country surged to 153,529 units, marking the fifteenth month of sustained growth in a row. Over the first ten months of this year, the total new registrations tallied up to 1,605,437, which marks a substantial year-over-year growth of around 20 per cent.

SMMT’s report further highlights the Northern European country’s thriving plug-in car market, with a total of 38,228 new registrations last month. This figure represents a remarkable 33 per cent year-over-year growth, making the segment to account for 24.9 per cent of the overall market. It is considerably up from 21.5 per cent in the corresponding month of last year.

Adoption of all-electric cars (BEVs) continued its impressive growth trend, achieving remarkable growth for the 42nd month in a row, with 23,943 units registered. It reflects a 20 per cent year-over-year increase. Notably, plug-in hybrid vehicles (PHEVs) also demonstrated substantial growth, surging by nearly 61 per cent to 14,285 units.

Moreover, the newly released report underlines the installation of a record-breaking number of new AC charging points during the last quarter, with a total of 4,753 units deployed across the country, signaling a significant obligation to supporting the EV infrastructure.

Thus far this year, the UK has witnessed an impressive increase in new passenger plug-in electric car registrations, with nearly 375,000 vehicles hitting the public roads. This figure marks a substantial 35 per cent surge year-over-year.

A breakdown of the year-to-date plug-in car registrations in the country reveals the following figures: the sub-segments of BEVs and PHEVs accounting for 262,484 new registrations (34 per cent growth with a 16.3 per cent market share) and 113,278 new registrations (up 37 per cent with 7.1 per cent market share), respectively. In total, the country witnessed 375,762 new plug-in car registrations, marking a surge of 35 per cent.

For reference, in the whole of 2022, the British automotive sector witnessed more than 368,000 new passenger plug-in car registrations, with an average market share of 22.8 per cent. The given stats underscore the significant ongoing expansion of electric mobility in the North European nation.

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