Automakers were forced to dish out EV incentives to hit UK government-mandated sales targets, a situation that will get "even more intense" in 2025.

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EV sales reached UK record in 2024, but came at a 'huge cost' and are 'unsustainable' industry warns

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The UK new car market recorded its second successive year of growth as electric vehicles (EVs) took a record annual volume and market share of 19.6%.

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Record EV sales in 2024 as mandated target looms

The UK automotive industry achieved a record-breaking year for fully electric vehicle sales in 2024. However, electric cars accounted for just 19.6% of total new car sales despite the milestone, falling short of the government-mandated target of 22%, according to the Society of Motor Manufacturers and Traders (SMMT). While the sales figure of 328,000 units marks significant growth, it highlights the challenge facing automakers in the UK to meet …

newmobility.news

UK EV sales hit record high but fall short of government target

EVs hit a record 19.6% market share in 2024 but missed the 22% government-mandated target, falling short of 2025 aims. Fleet sales and tax incentives boosted EV growth, while private adoption lagged due to costs and infrastructure issues. Meeting the 2025 target of 28% EV sales requires stronger government incentives and faster chargepoint expansion.  After a record year for the UK’s EV market, what more needs to be done to hit our 2025 targets?…

electricdrives.tv

EV market reaches record share in 2024, but how close are we to 2025 targets?

New car registrations reach 1.953 million in 2024 with market up 2.6% year on year. EVs take record annual volume and market share at 19.6%, but figure still below mandated levels. Private consumer demand contracts to levels last seen in pandemic with just one in 10 private buyers going electric in 2024. Industry welcomes review of mandate regulation but warns current demand will not deliver ambition without government support.  SEE CAR REGISTRA…

SMMT

Record EV market share but weak private demand frustrates ambition

Preliminary sales figures for December reveal sales hike for BEVs but driven by discounts that automakers cannot afford long-term.

wardsauto.com

Desperate U.K. Automaker BEV Discounts 'Unsustainable,' SMMT Says

The UK new car market recorded its second successive year of growth with 1,952,778 new cars reaching the road in 2024 – a rise of 2.6% on the previous year, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). In the final month of the year, the market remained flat […]The post UK: EVs take record annual volume and market share at 19.6% in 2024 appeared first on Electric Cars Report.

electriccarsreport.com

UK: EVs take record annual volume and market share at 19.6% in 2024

The UK new car market recorded its second successive year of growth with 1,952,778 new cars reaching the road in 2024 – a rise of 2.6% on the previous year, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). In the final month of the year, the market remained flat at 140,786 units, a marginal -0.2% decline, capping off a challenging year for the sector as manufacturers strove to create demand for electric…

FleetPoint

Record EV market share but weak private demand - FleetPoint

Registrations of new electric cars soared in December as EVs enjoyed a record year in 2024. The latest figures show that electric cars accounted for 31% of all new registrations in December 2024, with 43,656 new EVs hitting the road. That represents a 56.8% increase on December 2023. December’s data from the Society of Motor Manufacturers and Traders (SMMT) marks the fifth consecutive month of growth for electric cars while sales of petrol and d…

EV sales reached UK record in 2024, but came at a 'huge cost' and are 'unsustainable' industry warns

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