Saturday, July 27, 2024

UK Electric Vehicle Sales in March More Than the Whole of 2019

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There was interesting news from the sale of electric vehicles in the UK last March. Electric vehicle purchases in March 2022 exceeded overall electric vehicle sales in 2019.

In March 2022, there were 39,315 new battery electric vehicle registrations for a month. Meanwhile, in 2019, the total sales of electric vehicles in one year were 37,850 units. Data comes from the Society of Motor Manufacturers and Traders (SMMT).

This number according to analysts is a positive thing when Chip supply chain problems for one year.

Overall sales of electric vehicles and vehicles with internal combustion engines in the UK in March were the lowest in 24 years. Total new vehicle sales in 2022 fell 14 percent compared to the same month in 2021.

“The sector is now facing new economic challenges; especially with high inflation rates and pressures on the cost of living. Combined, these factors have contributed to a sharp decline in consumer confidence and the economy, reducing pent-up demand for new cars.” Said Jamie Hamilton, director of automotive and head of electric vehicles at consulting Deloitte,

Inflationary pressures occurred when world oil prices soared due to the Russian invasion of Ukraine. The same thing also makes consumers choose to buy electric vehicles because of the high price of fuel.

Diesel sales have halved over the year to less than 24,000 so far by 2022, said Ciara Cook, research and policy officer at thinktank New Automotive. English alone

“At current rates, sales of new electric vehicles will surpass sales of traditional gasoline and diesel by 2025,” said Ian Plummer, director at auto sales website AutoTrader.

The increasing demand for electric vehicles must also be followed by the addition of charging infrastructure.

The UK is serious about electrification. Most recently, the UK government plans to increase the number of electric vehicle charging points to 300,000 by 2030. That number is ten times the current number of electric vehicle charging points in the UK.

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