An Exciting Month As The UK Government Announces Its Intention To Bring Forward The Ban Of Petrol And Diesel Cars To 2030. The Beginning Of The End Of Internal Combustion Engine (ICE) Vehicles On UK Roads!
Before moving onto the latest results i.e. the November 2020 new car registrations update, let us briefly remind ourselves of the October 2020 registrations update.
October 2020 witnessed a continued increase in the registration of battery-electric vehicles (BEVs), despite a continued slowdown in the sales of petrol and diesel internal combustion engine (ICE) cars. Petrol new car registrations were down by 21.3% in October 2020, compared to October 2019. Diesel performed worse, with a 38.4% decline. Diesel market share decreased from 23.7% in October 2019 to 14.9% in October 2020. Petrol market share declined from 61.9% to 49.5% in the same period.
BEV market share increased from 2.2% in October 2019 to 6.6% in October 2020. PHEVs (plug-in hybrid electric vehicles) also witnessed a similar increase from 2.2% in October 2019 to 5.5% in October 2020.
With the ban of diesel and petrol new vehicle sales moved forward to 2030, we can expect a further fundamental shift in the UK transportation framework. We expect within the next 5 years, a significant further decline in diesel market share in the UK, with petrol also suffering a similar fate.
The November 2020 new car registrations update from The Society of Motor traders and Manufacturers (SMMT), is a continuation of the trend so far witnessed in 2020 i.e. diesel cars further declining in market share between November 2019 to November 2020 from 23.2% to 14.0%.
The same is the trend with petrol cars, witnessing a decline from 61.4% to 49.1% between November 2019 to November 2020. In terms of registrations, diesel registrations have declined by 56.2% in November 2020 compared to November 2019, with petrol registrations decreasing 41.9% in November 2020.
Overall the market was down 27.4% with 113,781 new car registrations. With the second lock-down and the ongoing pandemic, the UK automotive sector will continue to face significant challenges in the near and medium term.
BEV market share increased from 3.0% in November 2019 to 9.1% in November 2020. PHEVs also witnessed a similar increase from 2.8% in November 2019 to 6.8% in November 2020. 86,291 BEVs and 57,769 PHEVs have been registered to date this year, an increase of 162.2% from last year for BEVs. PHEV registrations year-to-date have increased 89.4% compared to the previous year. 144,060 BEVs and PHEVs have been registered so far this year!
Year-to-date the overall sector continues to face a challenging trading environment, with new car registrations down 30.7%.
The lack of BEVs and PHEVs on the SMMT November 2020 Best Sellers list, is a firm reminder that the despite all the progress, the adoption of electric vehicles is still requires much work!
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