Plug-In Vehicle Sales In UK Exceed 2% Market Share In July!
The British car market, just like U.S. automotive sector, is rapidly shrinking this summer. In July, new registrations decreased by 9.3% overall to just 161,997 units.
A poor result for conventional petrol vehicles enabled alternatively fueled vehicles to take record high market share of 5.5% (8,871 deliveries):
“The demand for alternatively fueled vehicles (AFVs) soared 64.9% as consumers continue to invest in the latest low-emission fuel technology.
AFVs took a new record 5.5% market share1 in July, as 8,871 new units were driven off forecourts.
Nearly 70,000 new AFVs have joined UK roads this year. Meanwhile registrations for new petrol and diesel cars declined by -3.0% and -20.1% respectively.”
Breaking down that further…into things we actually care about, plug-in electric vehicle registrations increased by 54% to 3,503 deliveries, and for the very first time have crossed the 2% market share threshold (specifically 2.16%).
Breaking down the 3,503 registrations we find:
- 860 BEVs (up 105 percent year-over-year)
- 2,643 PHEVs (up 43 percent year-over-year)
In total, nearly 26,000 new plug-in electric cars were registered in the first seven months of 2017 (up 18.8% year-over-year).