Reply To: EV Prices – Where To?

#305139
kezo
Participant

    Well put @MFillingham It seems as though there is significant disinformation and FUD being spread in the media regarding the sale of EVs. The SMMT (Society of Motor Manufacturers and Traders) New Car registration figures for March 2025 show a 43.2% increase in EV sales year on year. March 2025 New Car Registrations

    Source SMMT

    “While EV market share improved significantly on March 2024, at 19.4% it remains more than eight percentage points behind targets set by the ZEV Mandate. Furthermore, given the VED Expensive Car Supplement can now apply to eligible new EVs from 1 April – potentially raising ownership costs for most EV drivers by more than £2,000 over the next six years – the March EV performance will have been boosted by shrewd buyers seeking to get ahead of the taxation increase3. This underscores the challenge facing manufacturers whose 2025 EV sales must accelerate to 28% share over the course of the year. ”

    Whils’t Fleet still  remain by far the largest buyers of BEV’s, an artificial blip occured in March with private sales, as buyers chose to beat the introduction of VED, as outlined above. More realistic BEV still retain less than 20% share of the overall market.