US EditionPublished • loading... • Updated
New electric car market suffers smallest growth since December 2023
- November marked the new electric car market's weakest growth in nearly two years, with 39,965 new pure battery electric cars registered, according to the Society of Motor Manufacturers and Traders .
- The year-on-year increase was only 3.6%, the smallest since December 2023, which saw a decline of 34.2% due to supply chain issues and a strong previous month.
- The overall new car market also declined by 1.6%, with significant drops in private buyer demand noted by SMMT Chief Executive Mike Hawes.
- Hawes emphasized that the lack of steady demand for electric vehicles should be a wake-up call amid the upcoming new tax on EVs, set to impact drivers from April 2028.
Insights by Ground AI
9 Articles
9 Articles
Evening Standard+8 Reposted by 8 other sources
New electric car market suffers smallest growth since December 2023
The overall new car market fell by 1.6% last month, with 151,154 new cars registered.
·London, United Kingdom
Read Full ArticleCoverage Details
Total News Sources9
Leaning Left3Leaning Right0Center3Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
