The UK new car market posted its longest uninterrupted period of expansion for eight years, as registrations grew 16.7% in May to reach 145,204 units according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Despite 10 consecutive months of growth, registrations remain 21.0% below pre-pandemic 2019 levels.
Taking a sample of 20 major UK cities, excluding London, and only looking at supermarket sites within a 12 mile radius of the city centre, LeaseLoco found a large number of charging devices were out of order.
While private buyers accounted for more than half of all registrations, fleets and business buyers were responsible for the lion’s share of BEVs, accounting for two thirds (66.7%) of all BEV registrations and 74.7% of the volume gain in 2022. Delivering the scale and speed of market transition required to meet climate change targets will require action to enthuse more private buyers to go electric.
