UK experiences record EV market share but falls short of targets
The UK’s automotive landscape is undergoing a pivotal transformation as the push toward electric vehicles (EVs) gains momentum. In 2024, the new car market experienced its second consecutive year of growth, with nearly two million vehicles sold – a clear sign of recovery and resilience. Yet, beneath the surface of these positive numbers lies a complex story of ambitious zero-emission vehicle (ZEV) mandates, uneven consumer demand, and mounting pressure on manufacturers to deliver. As the EV market share continues to grow, driven by advances in technology and increasing government targets, the industry faces a critical juncture. Private buyers remain hesitant, infrastructure gaps persist, and the 2025 mandate looms with even more demanding requirements. According to the Society of Motor Manufacturers and Traders (SMMT), these challenges highlight the complex dynamics of transitioning to a zero-emission future. Mike Hawes, SMMT Chief Executive, commented: “A record year for EV registrations underscores vehicle manufacturers’ unswerving commitment to a decarbonised new car market, with more choice, better range and increased affordability than ever before. “This has come at a huge cost, …