Tag: SMMT
Tech Digest daily roundup: Jeff Bezos plans to give away most of $124bn fortune
Jeff Bezos plans to give away most of his $124bn (£110bn) fortune, he has told CNN. The Amazon founder, 58, is the world's second-richest man after Elon Musk, the Tesla boss and new owner of Twitter, according to Forbes. This is the first time he has said he plans to give away most of his…
October EV sales up but market share falls, SMMT figures show
The UK new car market recorded a third month of growth in October, with registrations rising by more than a quarter (26.4%) to 134,344 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Fulfilment of strong order books helped deliver the bounce-back, although the increase follows a particularly disappointing…
UK car registrations fall in June but battery EV sales up
The Vauxhall Corsa, above was the best-selling car in June 2022, ahead of the Tesla EV UK new car registrations fell by nearly a quarter (24.3%) in June, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). The month saw 140,958 new vehicles registered,…
Demand for EVs hits record levels, SMMT figures show
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021 with record sales for EVs, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Nearly 800,000 more cars (777,997) changed hands than in 2020, a year which was badly affected by Covid lockdowns and unsettled consumer and…
New car registrations fall again, but 1 in 6 sales now EV
New car registrations have fallen for the fourth consecutive month, with a decline of -24.6% to 106,265 units compared to October last year, according to new figures released today from the Society of Motor Manufacturers and Traders (SMMT). Plug-in vehicle uptake remained positive in the month before COP26, with battery electric vehicles (BEVs) equalling their…
Motor industry reacts to UK’s ‘Build Back Greener’ EV strategy
With the COP26 global climate summit around the corner, the UK government has announced another push towards electric vehicles (EVs) as part of an overall shift to a carbon-neutral economy. Ministers are investing £620m in grants for electric vehicles and street charging points. Car makers will also be forced to sell a proportion of clean…
UK car production down 14% in February – but EV sales up
UK car production fell -14.0% in February, with 105,008 units leaving factory gates, although growth of electric vehicles increased 25% in the same period, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Over 17,00 fewer cars were manufactured in February, representing an 18th consecutive month of decline and the…
More needed to encourage private EV take up, warns SMMT
The Society of Motor Manufacturers and Traders (SMMT) has called for greater support for private retail uptake of electric vehicles, following new figures showing businesses are twice as likely as consumers to make the switch from petrol or diesel. SMMT analysis of new car registrations in 2020 show that just 4.6% of privately bought cars…
Car production down 30% in 2020 but EV market share up
UK car production declined 29.3% in 2020, to 920,928 units, according to the latest figures issued today by the Society of Motor Manufacturers and Traders (SMMT). December output was down 2.3% to 71,403, with some firms affected by border closures and thus component supply issues. This rounded off a dreadful year, the worst since 1984…
Battery Electric Vehicle (BEV) sales to double in 2021
At least 200,000 new battery electric vehicles (BEVs) will be registered in the UK in 2021, twice as many as 2020, according to figures from EV leasing company DriveElectric. This figure is based on DriveElectric’s own forecasts, and it represents a significant increase from 108,205 - the number of battery electric vehicles registered in the…
