Average discounts for new electric cars in the UK now exceed those for petrol cars – a watershed moment in the new car market’s race to hit a mandated 22% of sales as electric cars in 2024.
The recent half-year registrations data from the SMMT revealed a market share of 16.6% for electric cars so far in 2024 - just half a percentage point ahead of 2023 - although demand was stronger in June, at 19%.
However, the UK’s new car market must now overperform for the rest of the year to make up lost ground and hit that magical 22% mark.
