Home Business NewsBusinessAutomotive NewsPetrol new car ‘sales are collapsing’

Petrol new car ‘sales are collapsing’

by LLB staff reporter
5th Nov 25 10:45 am

The Society of Motor Manufacturers and Traders (SMMT) said that 144,948 new cars were registered in October, battery electric vehicles had 25.4% share of the market.

Petrol cars declined by 11.6% and held a market share of 44.4%, down from 50.5% the previous year.

SMMT chief executive Mike Hawes said, “The Government has backed the UK automotive sector with EV incentives and global trade deals, helping drive growth and encourage decarbonisation.

“But scrapping ECOS would undermine that progress – penalising workers, reducing Exchequer income and putting green investment at risk.

“At a time when the Budget should fuel growth, the measure will do the exact opposite.

“It is time for a rethink.

Ian Plummer, chief commercial officer at online vehicle marketplace Autotrader said, “It is now up to the Chancellor to avoid own goals on growth in this month’s Budget and encourage adoption by refusing to slap business rates on public chargers and resisting the temptation to scrap the Employee Car Ownership Scheme.”

Tanya Sinclair, chief executive of lobby group Electric Vehicles UK, said, “Petrol sales are collapsing while electric vehicle sales continue to surge.

“Drivers have done their homework and they know there are more affordable models, better lease options and smarter charging choices than ever before.”

Leave a Comment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]