September marks one million EV milestone
The UK new car market recorded its second successive month of growth in September, with registrations rising 4.6%, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). During what is typically the second biggest month of the year for the sector, 225,269 cars joined Britain’s roads. While this was a 9,957 unit increase on last year, when the industry recorded its weakest September since 1998,1 overall registrations for the month are still some -34.4% below pre-pandemic levels as the industry continues to battle issues constraining supply to fulfil a backlog of orders.
Electric vehicle uptake continued to rise, albeit at a slower rate of growth than seen earlier in the year, with the second highest monthly volume of battery electric vehicle (BEV) registrations in history, up 16.5% to 38,116 units.4 Although registrations of plug-in hybrid vehicles (PHEVs) declined by -11.5% to 12,281 units, overall plug-in vehicles accounted for more than one in five new cars joining UK roads in the month. As a result, almost quarter of a million (249,575) have now been registered in 2022 – meaning that UK drivers and fleets have now registered more than one million plug-in EVs, a quarter of which in this year alone.
Hybrid electric vehicle (HEV) registrations, meanwhile, grew by 16.5% to 29,088 units in the month, as petrol powered cars grew 4.3% to 126,873 units and diesels declined by -14.5% to 18,911.
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