An Excellent Month For Electric Cars Despite An Overall Challenging Trading Environment For The Automotive Sector. Electric Cars At A New High Of 10.5% Market Share!
Before moving onto the latest results i.e. the September 2020 new car registrations update, let us briefly remind ourselves of the August 2020 registrations update.
August 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 14.7% in August 2020, compared to August 2019. Diesel performed worse, with a 39.5% decline. Diesel market share decreased from 25.5% in August 2019 to 16.4% in August 2020. Petrol market share declined from 62.5% to 56.6% in the same period.
BEV market share increased from 3.4% in August 2019 to 6.4% in August 2020. PHEVs (plug-in hybrid electric vehicles) also witnessed a similar increase from 1% in August 2019 to 3.3% in August 2020.
The September 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 September 2019 to September 2020 from 22.2% to 14.3%.
The same is the trend with petrol cars, witnessing a decline from 65% to 53.8% between September 2019 to September 2020. In terms of registrations, diesel registrations have declined by 38.4% in September 2020 compared to September 2019, with petrol registrations decreasing 20.9% in September 2020.
September is the second most important month for new car registrations. Overall the market was down 4.4% with 328,041 new car registrations. With the potential of a second lock-down and the ongoing pandemic, the automotive sector will continue to face significant challenges in the near and medium term.
BEV market share increased from 2.2% in September 2019 to 6.7% in September 2020. PHEVs also witnessed a similar increase from 1.5% in September 2019 to 3.8% in September 2020. 66,611 BEVs have been registered to date this year, an increase of 165.4% from last year.
Year-to-date the overall sector continues to face a challenging trading environment, with new car registrations down 33.2%. Despite the continued increase of sales of electric vehicles, though new EV car sales are still below the 10% market share threshold (8.8%) year-to-date, we at e-zoomed expect it to cross it shortly.
The lack of BEVs and PHEVs on the SMMT September 2020 Best Sellers list, is a firm reminder that the despite all the progress, the adoption of electric vehicles is still requires much work!
We at e-zoomed are more than happy to assist you with all your EV needs to include:
- Compare and buy your next green car
- Compare and buy EV charging points
- Compare and buy best electric car insurance deals in the UK
- Compare and buy best electric car breakdown cover in the UK
- Compare and buy green electricity for your home and electric vehicle
- Compare and buy best priced electric car charging cables and EV accessories
- Compare and buy best e-scooters!
- Compare and buy electric kick scooters
- Compare and buy an e-bike