New automobile market up by greater than 1 / 4 in June
T
he new automobile market has recorded its eleventh consecutive month of year-on-year development, figures present.
Some 177,266 new vehicles have been registered in June, up 25.8% from the identical month final 12 months, the Society of Motor Manufacturers and Traders (SMMT) stated.
The enhance has been attributed to an easing of worldwide provide chain shortages.
The new automobile market is rising again and rising inexperienced
Pure electrical new vehicles consolidated their place because the UK’s second hottest powertrain behind petrol.
An extra 31,700 went on the highway final month, up 39.4% on June 2022 to safe a 17.9% market share.
SMMT chief govt Mike Hawes stated: “The new car market is growing back and growing green, as the attractions of electric cars become apparent to more drivers.
“But meeting our climate goals means we have to move even faster.
“Most electric vehicle owners enjoy the convenience and cost saving of charging at home but those that do not have a driveway or designated parking space must pay four times as much in tax for the same amount of energy.
“This is unfair and risks delaying greater uptake, so cutting VAT on public EV charging will help make owning an EV fairer and attractive to even more people.”
VAT on home electrical energy is 5% whereas motorists utilizing on-street chargers pay 20%.
The sale of latest petrol and diesel vehicles might be banned within the UK from 2030.
Ian Plummer, industrial director at on-line car market Auto Trader, stated: “Our figures show the electric share of the new car market enjoyed a much-needed boost in June – taking 15% of new car advert views up from 11% in March – due to advertising by brands promoting electric models.
“After several months of low EV interest, this is welcome news and shows that the increasing array of deals from the likes of Tesla that have hit the market in recent weeks are already stimulating demand.”