According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), hybrid electric vehicles (HEVs) recorded the most significant growth of all fuel types in February, up 40.0%. This was followed by petrol, up 35.8% with a 56.9% market share, while diesel registrations fell by -7.0%.
Zero emission capable vehicles, meanwhile, continued their upward trend, with plug-in hybrids (PHEVs) rising 1.0% and battery electric vehicles (BEVs) posting another strong month, up 18.2% to account for one in six new UK car registrations.
Combined, plug-ins accounted for almost a quarter (22.8%) of all deliveries in the month, with further growth anticipated. Indeed, nearly half a million (488,000) PHEVs and BEVs are expected to join Britain’s roads in 2023, as manufacturers bring more than 40 new plug-in electric models to the market. This will inevitably increase demand for charging infrastructure, however, and while the new £56 million LEVI capability funding is welcome, there remains a clear requirement for binding targets that ensure chargepoint rollout keeps pace.
Overall UK new car registrations grew by 26.2% in February as 74,441 new cars joined Britain’s roads.
Mike Hawes, SMMT Chief Executive, said: “After seven months of growth, it is no surprise that the UK automotive sector is facing the future with growing confidence. It is vital, however, that government takes every opportunity to back the market, which plays a significant role in Britain’s economy and net zero ambition. As we move into ‘new plate month’ in March, with more of the latest high-tech cars available, the upcoming Budget must deliver measures that drive this transition, increasing affordability and ease of charging for all.”
Keyword: Hybrids recorded highest growth of all fuel types in February