Yahoo Finance Millionth pure battery electric new car registered in the UK
The millionth pure battery electric new car has been registered in the UK, industry figures show.
This milestone was reached in January, the Society of Motor Manufacturers and Traders (SMMT) said.
Only around 674,000 pure battery electric cars were licensed for use in the UK by the end of 2022.
The SMMT expects pure battery electrics to account for more than one in five new cars registered this year.
The Government’s zero emission vehicles (ZEV) mandate means at least 22% of new cars sold by each manufacturer in the UK this year must be zero emission, which generally means battery electric vehicles.
This threshold will rise annually until it reaches 100% by 2035.
The SMMT is calling on the Treasury to temporarily halve VAT on new pure battery electric cars to encourage more people to make the switch from conventionally fuelled vehicles.
Mike Hawes, SMMT chief executive, said: “It’s taken just over 20 years to reach our million EV milestone but with the right policies, we can double down on that success in just another two.
“Market growth is currently dependent on businesses and fleets.
“Government must, therefore, use the upcoming Budget to support private EV buyers, temporarily halving VAT to cut carbon, drive economic growth and help everyone make the switch.
“Manufacturers have been asked to supply the vehicles. We now ask Government to help consumers buy the vehicles on which net zero depends.”
Ian Plummer, commercial director at online vehicle marketplace Auto Trader, said: “Britain’s millionth new electric vehicle sale is a real milestone moment for the market.
“Considering the pressure on car manufacturers to meet a 22% electric vehicle sales target under the ZEV (zero-emission vehicles) mandate this year, it’s a good time to be an electric vehicle buyer with some manufacturers offering EV discounts as high as 40%.
“Electric vehicles may account for one in five sales this year, but there is still more ministers can do.
“Equalising the VAT on private and public charging points would boost running-cost savings and encourage more people to make the switch to electric.”
With consumer demand flat, the UK auto industry is calling on govt to support private buyers by halving VAT on new BEVs for 3 years:
💷 would give consumers an additional £7.7bn in buying power⚡️encourage 270,000 new car buyers to go electric🚙 & put 1.9m new EVs on the road pic.twitter.com/QD3e2QZTik
— SMMT (@SMMT) February 4, 2024
SMMT figures show 142,876 new cars were registered last month, an 8.2% increase from January 2023.
The Government announced on Monday that schools in England will be able to apply for grants to buy and install electric vehicle chargers.
State-funded schools and other learning institutions will have access to a grant providing up to 75% of the cost to install chargers, with funding available for up to £2,500 per socket.
The chargers would be available for staff and visitors, but Department for Transport officials said the scheme could also help schools generate revenue by making the power outlets accessible to the public.
