15 Jul 2024
The voice of the independent garage sector

Gone in 60 seconds: One EV sold every minute through July

One EV was sold every 60 seconds in July, according to the latest new car sales figures from the SMMT. 143,921 new cars were sold in July, up 28.3% on the same month last year, making it the best July since 2020 when dealerships reopened after the first COVID-19 lockdown. Overall though, sales were still below the pre-pandemic period.

Electrified vehicles made up 35.4% of the total. While the number of hybrid sold grew, overall market share fell to 11.3%. In contrast, plug-in hybrid (PHEV) registrations went up 79.1% to 8.1% of the total. The biggest jump was in battery electric vehicles (BEVs), which saw a sales rise of 87.9%, making up 16% of the total. In fact, one BEV was effectively sold every 60 seconds through July, and this is expected to become one every 50 seconds by the end of the year, then every 40 seconds by the end of 2024.

According to SMMT Chief Executive Mike Hawes, the challenge now is to make sure that the infrastructure keeps up with demand: “The industry remains committed to meeting the UK’s zero emission deadlines and continues to make the investments to get us there. Choice and innovation in the market are growing, so it’s encouraging to see more people switching on to the benefits of driving electric. With inflation, rising costs of living and a zero emission vehicle mandate that will dictate the market coming next year, however, consumers must be given every possible incentive to buy. Government must pull every lever, therefore, to make buying, running and, especially, charging an EV affordable and practical for every driver in every part of the country.”

Overall car sales for 2023 are now expected to hit 1.847 million by the end of the year, 0.9% up on what was predicted in April.