Though April 2021 trading performance has improved, overall market conditions continue to remain challenging. We do not expect a marked improvement in trading performance in 2021. Recovery is still at least 6 months away!
The electric driving sector in 2021 has already witnessed an interesting start. The UK government plug-in car grant (PiCG) was reduced in March 2021. The maximum grant now available is £2,500 (reduced from £3,000).
The government is keen to encourage the uptake of affordable electric cars. The criteria for an electric vehicle (EV) to qualify has been reduced from £50,000 purchase price (RRP) to £35,000 purchase price (RRP). A pure electric car like the SEAT Mii Electric city car is a good example of an affordable EV that the government is keen to support and encourage. Your can lease a SEAT Mii Electric hatchback via e-zoomed from £146.45 + VAT. Now that is a fantastic price!
Electric Cars: The Basics
For those of you new to zero-emission electric driving, we recommend a read of the following articles:
- Types Of Electric Vehicles: A Short Guide
- Should I Buy An Electric Car In 2021?
- Top 20 Jargons Used In The Electric Vehicle Industry!
- UK Plug-In Electric Car Grant 2021
- What Is The Difference Between Conventional Hybrids and Plug-In Hybrids?
- Electric Car Home Charging OLEV EVHS Grant
- Best Electric Cars 2021
- Electric Cars Range: What Is WLTP?
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Before moving onto the latest results i.e. the April 2021 new car registrations update, let us briefly remind ourselves of the March 2021 registrations update.
March 2021 remained upbeat for battery-electric vehicles (BEVs), despite an overall challenging trading environment. Registrations for BEVs increased by 88.2% in March 2021 compared to March 2020. However, internal combustion engine (ICE) vehicles performance continued to remain weak. Petrol new car registrations were down by 10% in March 2021, compared to March 2020. Diesel performed worse, with a 31.4% decline. Diesel market share decreased from 17.6% in March 2020 to 10.8% in March 2021. Petrol market share declined from 60.0% to 48.4% in the same period.
However, BEV market share increased from 4.6% in March 2020 to 7.7% in March 2021. PHEVs (plug-in hybrid electric vehicles) also witnessed a similar increase from 2.7% in March 2020 to 6.1% in March 2021.
April 2021 New Car Registrations (SMMT)
The April 2021 new car registrations update from The Society of Motor traders and Manufacturers (SMMT), is a continuation of the trend witnessed over the past 18 months i.e. the sales of plug-in electric cars continues to gain significant momentum. The registrations of pure electric cars (also known as battery-electric vehicles) has increased by a whopping 566.1% in April 2021, compared to April 2020 (9,152 BEVs registered in April 2021, compared to 1,374 in April 2020). The registrations of plug-in hybrid electric vehicles (PHEVs) has also increased, from 95 PHEVs registered in April 2020, compared to 9,600 PHEVs registered in April 2021.
Apart from an increase in customer confidence in electric driving, the increase in the availability of a larger portfolio of plug-in electric cars, has also fuelled the increase in registration of EVs. There is an abundance of EVs on sale to include, all-electric SUVs, all-electric hatchbacks, all-electric saloons and more. Similar models are also available as PHEV variants. The arrival of popular models like the all-electric VW ID.3 hatchback has certainly contributed to the increased momentum. You can lease the ID.3 via e-zoomed at a fantastic price.
Though the trading performance has improved, albeit, slightly (up 16.2%), we expect trading conditions to continue to remain challenging for the remainder of 2021. We expect recovery to take at least 6 months, if not longer. April 2021 performance is still below the 10 year average. The easing of lockdown restrictions will certainly help, but it is not a guarantee that we will return to normal in 2021. Another lockdown is possible.
The lack of zero-emission electric cars and plug-in hybrid electric cars on the April 2021 Best-Sellers list, is a firm reminder that much work needs to be done by all stakeholders to achieve a comprehensive migration to zero-emission electric driving in the UK.
For those of you seeking to buy EV home charging points, we offer a vast range of high quality and high performance electric car charging points at competitive prices. We also offer EV charging cables, EV leasing and green energy.