Electric car sales hit a record high in 2024 but fall short of government target
1 week, 2 days ago

Electric car sales hit a record high in 2024 but fall short of government target

The Independent  

Sales of electric cars hit a new high in 2024, according to official figures from SMMT. “This is unsustainable and, with the 2025 market looking under even greater pressure, it is imperative we get an urgent resolution.” open image in gallery Mike Hawes, CEO of SMMT, is calling for a halving of VAT on EVs to boost demand This year sees the target get tougher still at 28 per cent, which Hawes thinks is going to be near impossible to meet without government intervention. As part of its response to the government’s consultation, SMMT is calling for a halving in VAT to 10 per cent on new electric cars for three years, which it says would bring an additional 250,000 electric car sales over that period. open image in gallery The Ford Puma, Britain’s best-selling car of 2024, is set to go electric in 2025 Hawes puts private buyers’ reluctance to buy down to two things: “Perhaps confusion about what type of vehicle to buy and messages that have come out of government over the last two years.” The big winners in 2024 were Ford, with the Ford Puma taking top spot in the overall sales charts, Tesla, with the Tesla Model Y being the best-selling EV, and makers of SUVs, which overtook superminis as Britain’s favourite type of car for the first time last year. Electric car sales are unlikely to hit the government’s 28 per cent ZEV Mandate target, with sales forecast to increase to around 24 per cent.

London Cars Car Sales 2024 Cent Electric Mandate Ford Britain Target Zev Vat Smmt Zev Mandate Puma Hawes Electric Car Sales  smmt  short  zev  target  sales  high  cent  record  car  2024  electric  fall  cars  hawes  hit  mandate

History of this topic

RAY MASSEY: Electric dream could turn to a nightmare if the public don't buy it
4 days, 13 hours ago

RAY MASSEY: Electric dream could turn to a nightmare if the public don't buy it

Daily Mail  

Two guests chatting at a party. That's the conclusion of the UK's Society of Motor Manufacturers and Traders following damning annual new car sales figures published this week. Car sales last year rose 2.6 per cent year-on-year to 1.953million, with Ford's Puma crossover the biggest seller. The reality is EV sales depend on fleet and company car users – with …

Auto sales cool in December, but industry buoyed by overall performance in 2024
1 week ago

Auto sales cool in December, but industry buoyed by overall performance in 2024

Live Mint  

India’s automobile registrations accelerated by 9.1% in 2024 despite headwinds in the form of extreme weather, uneven monsoons and state elections, the Federation of Automobile Dealers Associations said. December, however, proved to be a disappointment, with overall retail sales declining 12.4% year-over-year to more than 1.7 million units as post-festive inventory build-up, delayed harvest payments, and weak consumer sentiment weighed …

Just one in ten private buyers purchased an electric car in 2024 after being put off by high prices and a lack of charging infrastructure
1 week, 4 days ago

Just one in ten private buyers purchased an electric car in 2024 after being put off by high prices and a lack of charging infrastructure

Daily Mail  

Only one in ten private buyers chose an electric vehicle last year despite an 'unsustainable' £4.5billion in price cuts offered by car makers. The lack of public demand for EVs has raised major concerns about manufacturers achieving government-mandated target for zero-emission car sales for 2025, which require 28 per cent of registrations to be battery-powered models. Just 10.1% – or …

Ford's UK boss demands 'substantial' taxpayer subsidies for electric vehicles as sales fall below 'aggressive' government targets to phase out petrol and diesel motors by 2030
1 month, 1 week ago

Ford's UK boss demands 'substantial' taxpayer subsidies for electric vehicles as sales fall below 'aggressive' government targets to phase out petrol and diesel motors by 2030

Daily Mail  

Ford's UK boss has demanded a return of subsidies for electric cars that were scrapped in 2022 - as new figures show manufacturers are not on target to hit the Government's 22 per cent sales goal for this year. Lisa Brankin, chair of Ford UK and Ireland, says the Government needs to introduce 'substantial' subsidies to drive sales of electric …

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting
Trending News
1 month, 1 week ago

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting

Daily Mail  

Electric vehicles accounted for more than a quarter of all new cars bought in the UK last month but demand is being propped up by 'unsustainable' manufacturer discounts, the trade body has warned. New car sales in the UK declined by 1.9 per cent in November, with 153,610 motors joining the road, latest figures from the Society of Manufacturers and …

The UK will consult on sales targets for automakers during the transition to electric vehicles
1 month, 2 weeks ago

The UK will consult on sales targets for automakers during the transition to electric vehicles

Associated Press  

LONDON — Britain’s new Labour government will launch a consultation on auto manufacturers’ sales targets during the transition to electric vehicles, following the decision by Stellantis, the owner of Vauxhall, to close its van factory in southern England at the potential cost of 1,100 jobs. Reynolds confirmed plans to review the ZEV mandate as part of a consultation on the …

Used electric cars save owners over £1,000 a year compared with petrol models, study finds
1 month, 3 weeks ago

Used electric cars save owners over £1,000 a year compared with petrol models, study finds

The Independent  

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Car makers slash new EV prices by up to a THIRD in desperate bid to meet binding end-of-year sales targets
2 months ago

Car makers slash new EV prices by up to a THIRD in desperate bid to meet binding end-of-year sales targets

Daily Mail  

Car makers are offering record discounts on new electric vehicles in a desperate bid to invigorate demand as binding end-of-year sales targets looming, data suggests. New data from Auto Trader suggests some car makers falling short of EV sales targets are slashing prices by amounts similar to fines they'll face it they don't meet the required quota The biggest discount …

Sales of new cars slump as drivers shun electric and diesel vehicles
Trending News
2 months, 1 week ago

Sales of new cars slump as drivers shun electric and diesel vehicles

Daily Mail  

Sales of new cars fell by 6 per cent last month. Industry body the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. Industry body, the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. SMMT chief executive Mike Hawes said: ‘Massive manufacturer investment in model choice and market support …

New car market fell 6% last month
2 months, 1 week ago

New car market fell 6% last month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “EVs already work for many people and businesses, but …

New petrol car sales tumble while EVs rise as manufacturers push electric vehicles with targets looming
Trending News
2 months, 1 week ago

New petrol car sales tumble while EVs rise as manufacturers push electric vehicles with targets looming

Daily Mail  

New car sales fell by 6 per cent in October, marking only the second time registrations have gone into reverse this year. UK new car sales fell by six per cent in October, the second time the new car market has shrunk this year In October, businesses, fleet and private buyers registered 144,288 new passenger cars, the latest figures from …

Car makers plea to Chancellor for incentives to help slash EV prices as 'demand isn't moving quickly enough'
3 months ago

Car makers plea to Chancellor for incentives to help slash EV prices as 'demand isn't moving quickly enough'

Daily Mail  

Bosses from 13 major manufacturers have written to the Chancellor pleading for a fresh wave of electric vehicle incentives to turbocharge floundering sales. Independent transport research organisation New Automotive tracks major car makers and their current sales performance in relation to meeting ZEV mandate targets. Stellantis - which is one of the world's largest car conglomerates - is predicted to …

EVs see record sales BUT 'untenable' big discounts are propping up the market
3 months, 1 week ago

EVs see record sales BUT 'untenable' big discounts are propping up the market

Daily Mail  

New car edged up 1 per cent in September – the ‘74’ plate change month – latest industry figures show. Inching ahead: The new car market rose 1 per cent in September – the ‘74’ plate change month – the latest industry figures show September is usually a bumper month for new car registrations due to it being plate change …

EV sales EXCEED government targets for the first time - but it comes amidst claims manufacturers are rationing petrol car availability to avoid fines
4 months, 1 week ago

EV sales EXCEED government targets for the first time - but it comes amidst claims manufacturers are rationing petrol car availability to avoid fines

Daily Mail  

Petrol sales last month fell by 10% - the equivalent of 5,000 fewer deliveries Comes against accusations that car makers are limiting petrol deliveries to boost EV numbers and escape financial penalties Sales of electric cars have exceeded binding Government targets for the first time this year with 23 per cent of all new models entering the road in August …

Buyers ordering new petrol cars won't receive them for months as manufacturers ration sales to avoid hefty net zero fines
4 months, 1 week ago

Buyers ordering new petrol cars won't receive them for months as manufacturers ration sales to avoid hefty net zero fines

Daily Mail  

Car manufacturers are having to ration the sales of petrol and hybrid cars in the UK to avoid falling foul of the government's rules on zero emission vehicle sales, according to the boss of one of Britain's biggest dealership chains. Vertu Motors CEO Robert Forrester claims car manufacturers' sales are being throttled in the UK because of new rules on …

Electric car sales set to miss a key Government target as demand slows
5 months, 1 week ago

Electric car sales set to miss a key Government target as demand slows

Daily Mail  

Sales of new electric cars will miss a key target this year. More importantly, it also falls short on the former Conservative government’s target for 22 per cent of vehicles to produce zero emissions this year. The Society of Motor Manufacturers and Traders expect electric cars to make up 18.5% of all new registrations by the end of 2024 Mike …

New car sales continue to rise but likelihood of achieving electric vehicle targets looks bleak
5 months, 1 week ago

New car sales continue to rise but likelihood of achieving electric vehicle targets looks bleak

Daily Mail  

Last month saw a 2.5 per cent increase in the numbers of new cars delivered to customers compared to July 2023 - the 24th consecutive month of growth for the sector as it continues on a road to recovery following the pandemic. But while registrations are continually growing, the likelihood of car makers achieving electric vehicle sales targets looks bleaker …

New car sales exceed 1m in 2024 at the halfway point - but private EV demand falls
6 months, 1 week ago

New car sales exceed 1m in 2024 at the halfway point - but private EV demand falls

Daily Mail  

The new car market has broken the million sales mark at the half year point for the first time in five years. June saw a 30 per cent increase in plug-in hybrid volumes – to reach a 9.3 per cent market share - and an almost equivalent growth in hybrid electric vehicle volumes of 27.2 per cent. HEVs now account …

Electric car sales sink again as industry calls for tax breaks
6 months, 1 week ago

Electric car sales sink again as industry calls for tax breaks

The Telegraph  

Household purchases of electric cars have gone further into reverse in the latest sign of trouble facing the market. The Society of Motor Manufacturers and Traders on Thursday called for incentives to “re-energise” sales, as figures showed just one in five new electric vehicles were bought by consumers in the first half of this year. Mike Hawes, the SMMT chief …

Electric car discounts now ‘unsustainable’ amid record price cuts
7 months, 1 week ago

Electric car discounts now ‘unsustainable’ amid record price cuts

The Telegraph  

Carmakers are racing to sell more EVs to meet net zero targets brought in by the Government in January. It added: “The market performance underlines the need for the next government to provide private consumers with meaningful purchase incentives.” It came as overall sales in the car market grew for the 22nd month in a row, with registrations rising by …

Car makers will miss Government target for electric vehicle sales this year, MPs told
7 months, 4 weeks ago

Car makers will miss Government target for electric vehicle sales this year, MPs told

Daily Mail  

Car manufacturers will miss a key Government target for electric vehicle sales for this year, MPs heard. At least 22 per cent of new cars and 10 per cent of new vans sold by major vehicle manufacturers in the UK in 2024 is required to be zero-emission – which in most cases means pure electric – under the Government's Zero …

Car makers slash EV sales forecast for 2024 as public demand plummets
8 months, 1 week ago

Car makers slash EV sales forecast for 2024 as public demand plummets

Daily Mail  

New car registrations in the UK grew for the 21st consecutive month in April, rising by 1 per cent, the latest figures from the Society of Motor Manufacturers and Traders show. While BEV growth helped new car registrations rise in April, new BEV sales forecasts for 2024 are below ZEV mandate requirements New car registrations continued to grow for the …

Ford warns net zero targets will push up petrol car prices
8 months, 1 week ago

Ford warns net zero targets will push up petrol car prices

The Telegraph  

A top executive at Ford has warned net zero targets could force the car giant to cut back sales of petrol cars in the UK, pushing up prices for drivers. Martin Sander, general manager of the company’s European electric car business, called on ministers to make sure the zero emissions vehicle mandate was “in line with consumer demand” amid new …

2024 sees record start to year for electric vehicle sales
8 months, 1 week ago

2024 sees record start to year for electric vehicle sales

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sales of electric vehicles have got off to a record start this year, the latest …

Electric cars sold at record discounts as demand plunges
8 months, 3 weeks ago

Electric cars sold at record discounts as demand plunges

The Telegraph  

It suggests dealers are being forced to slash prices to stimulate a significant number of sales, amid a slowdown in demand for electric vehicles globally. Under the so-called zero emissions vehicle mandate imposed by the Government, 22pc of vehicles sold by major car makers must be electric in 2024 – a proportion that will continue to rise until a complete …

Zero Emission Vehicle Mandate to force an increase in electric car sales in Britain becomes law TODAY
1 year ago

Zero Emission Vehicle Mandate to force an increase in electric car sales in Britain becomes law TODAY

Daily Mail  

Electric vehicles currently make up around just 18% of all registrations in the UK New laws have come into force today that mean car makers need to sell an increasing number of electric vehicles from this year until the ban on sales of new petrol and diesel motors in 2035. Dubbed by minsters as 'the world's most ambitious regulatory framework …

US electric vehicle sales to hit record this year, but still lag behind China and Germany
1 year, 1 month ago

US electric vehicle sales to hit record this year, but still lag behind China and Germany

Associated Press  

Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U.S. this year, according to Atlas Public Policy. The Inflation Reduction Act, which increased tax credits for qualifying new and used EV purchases, also helped bring EV costs down for buyers, by $3,750 or $7,500, depending on certain requirements. Electric car battery costs are …

Drop in households buying electric cars as ministers warned over lack of tax breaks
1 year, 3 months ago

Drop in households buying electric cars as ministers warned over lack of tax breaks

The Telegraph  

The number of households buying electric cars fell sharply last month, new figures show, as industry figures warned over a lack of tax breaks for motorists. The Society of Motor Manufacturers and Traders revealed private sales of battery-powered vehicles fell by more than 14pc in September, which the trade body said highlights a need for greater incentives to boost demand. …

Only a quarter of electric car sales this year have been to private buyers - despite Government's pledge for motorists to make the switch by 2030
1 year, 4 months ago

Only a quarter of electric car sales this year have been to private buyers - despite Government's pledge for motorists to make the switch by 2030

Daily Mail  

Officials have boasted that one in five vehicles sold last year was electric Just 24 per cent of sales in the first six months of 2023 were to private buyers Ministers were yesterday accused of 'misleading' the public over the popularity of electric vehicles as it emerged that less than a quarter are bought by private motorists. Howard Cox, founder …

Surge in used car sales as demand for EVs soars
1 year, 5 months ago

Surge in used car sales as demand for EVs soars

The Independent  

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Strong demand drives US new vehicle sales higher in the first half of the year
1 year, 6 months ago

Strong demand drives US new vehicle sales higher in the first half of the year

Associated Press  

Demand for new SUVs, trucks and cars in the U.S. picked up steam in the second quarter, but the stronger sales kept prices high for consumers. Electric vehicle sales continued to rise during the first half of the year to more than 557,000 vehicles, or 7.2% of all new vehicle sales. In all of last year, consumers bought just over …

Interest in new electric cars slumps, figures show
1 year, 8 months ago

Interest in new electric cars slumps, figures show

Daily Mail  

Buyer interest in new electric cars has slumped by nearly two-thirds since the start of last year, new figures released this morning suggest. Online vehicle marketplace Auto Trader said it recorded a 65 per cent drop in inquiries for electric cars last month compared with January 2022. Buyer interest in new electric cars has slumped by nearly two thirds since …

ZEV mandate takes a back seat in Government's 'green' announcements
1 year, 9 months ago

ZEV mandate takes a back seat in Government's 'green' announcements

Daily Mail  

Binding targets for car makers to increase electric vehicle sales have taken a back seat in its 'Powering Up Britain – The Net Zero Growth Plan' unveiled on Thursday, much to the frustration of manufacturers. A much-anticipated Zero Emission Vehicle mandate, which is due to set out strict requirements for car makers to sell an increasing share of electric vehicles …

Just one charge point installed for every 53 electric cars sold in 2022
1 year, 11 months ago

Just one charge point installed for every 53 electric cars sold in 2022

The Telegraph  

Just one new public charger was built for every 53 electric cars sold last year, putting the adoption of the green vehicles under strain. Only one charger was installed for every 62 new plug-in hybrid and battery-powered cars sold in the last three months of the year, SMMT said. Ginny Buckley, founder of electric car site Electrifying.com, said there were …

Electric car sales overtake diesels in 2022
2 years ago

Electric car sales overtake diesels in 2022

Daily Mail  

Sales of electric cars outstripped diesels for the first time last year – but the charging network needed to keep them on the road is failing to keep pace. The Society of Motor Manufacturers and Traders said the lack of chargepoints for drivers during long journeys was putting buyers off electric cars Electric overtakes diesel for the first time: Battery-powered …

New car market grows for fourth month in a row
2 years, 1 month ago

New car market grows for fourth month in a row

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s new car market …

UK car production levels rose for first time in 11 months, SMMT says
2 years, 6 months ago

UK car production levels rose for first time in 11 months, SMMT says

Daily Mail  

Car production levels across Britain grew for the first time in 11 months last month, fresh data from the Society of Motor Manufacturers and Traders has revealed. There was also good news in terms of green vehicle outputs, with battery electric car production levels more than doubled, rising 108.3 per cent, with 4,525 built. Output: UK car output rolling year …

Half of new car should be electric by 2028 under ZEV mandate proposals
2 years, 9 months ago

Half of new car should be electric by 2028 under ZEV mandate proposals

Daily Mail  

Minsters want more than half of all new cars sold in Britain to be fully electric by 2028, under new proposals for a zero emission vehicle mandate outlined in a new technical report released by the Department for Transport. Projection for year-on-year ZEV mandate targets 2024: 22% new car sales electric 2025: 28% 2026: 33% 2027: 38% 2028: 52% 2029: …

One in seven new cars bought in 2022 ‘will be a pure electric’
3 years ago

One in seven new cars bought in 2022 ‘will be a pure electric’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “This rapid growth is welcome news, but an additional 300,000 electric cars set against …

New car sales slump to lowest level since 1991
3 years, 2 months ago

New car sales slump to lowest level since 1991

Daily Mail  

Sales of new cars slipped to the lowest October level since 1991 as registrations were down by a quarter for the month, predominantly due to the ongoing lack of semiconductor chips crippling deliveries of the latest motors. New car sales slump in October: Motor registrations dropped by a quarter last month to the lowest level since 1991, official stats have …

Global electric car sales surged by 40% in 2020 despite pandemic, says IEA
3 years, 8 months ago

Global electric car sales surged by 40% in 2020 despite pandemic, says IEA

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Global electric car sales surged by 40 per cent in 2020 despite the economic downturn …

Petrol car sales 'peaked during coronavirus' as consumers shift to EVs
4 years, 5 months ago

Petrol car sales 'peaked during coronavirus' as consumers shift to EVs

Daily Mail  

A third of all new cars sold globally will be electric by the end of this decade as petrol and diesel vehicles 'likely reached their sales peak' during the pandemic, according to a new industry report. Electric car demand on the rise as petrol and diesel sales peaked: Deloitte claims there has been a shift in consumer sentiment that will …

Sales of electric vehicles rise by 144 per cent as diesel cars decline in popularity
5 years ago

Sales of electric vehicles rise by 144 per cent as diesel cars decline in popularity

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy In a depressed new car market, sales of electric vehicles …

How Volvo is helping to electrify the car market
5 years, 2 months ago

How Volvo is helping to electrify the car market

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

New car sales decline in April - including eco-friendly plug-in hybrids
5 years, 8 months ago

New car sales decline in April - including eco-friendly plug-in hybrids

Daily Mail  

Car sales remained in freefall in April as the ongoing decline in demand for new vehicles even hit eco-friendly hybrid models, latest statistics show. While alternative fuel vehicles are up by 14.3%, they still only represent 5% of the new-car market The government made the decision to axe the Plug-in Car Grant for plug-in hybrid models in October last year …

New cars sales rise 1.2% in July as motorists take advantage of deals
6 years, 5 months ago

New cars sales rise 1.2% in July as motorists take advantage of deals

Daily Mail  

Sales of new cars rose 1.2 per cent in July after motorists took advantage of ‘fantastic deals’ on offer as manufacturers tried to clear existing stock before new regulations on fuel economy and emissions take effect in September. Some 163,898 new cars were registered in July, up from 161,997 in June, as the market ‘stabilised’ following a ‘turbulent’ first six …

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