Menu
  • Home
  • London Exchange
  • Euronext
  • Australian Exchange
  • Wire
  • Contact Us
  • Business & Finance
NewsnReleases

British car sales up 20% in September 2023, but electric vehicles lag behind

Posted on October 5, 2023October 5, 2023

The latest data from the Society of Motor Manufacturers and Traders (SMMT) showed that new car registrations in Britain increased by about 20% in September compared to the same month last year. The growth was mainly driven by fleet buyers, while private consumers remained cautious.

The data also revealed that battery-electric vehicles (BEVs) saw an increase in volumes in September, but their market share declined among private buyers, who do not receive any purchase incentives from the government. This contrasts with other major markets, where electric car buyers benefit from subsidies and tax breaks.

SMMT had warned last month that the transition to electric cars in Britain would be hampered by any confusion over climate policy and the lack of adequate incentives for customers.

Electric car sales jump to more than 10 million last year with China leading the way

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Track all markets on TradingView

Investing.com .

Site Navigation

  • Home
  • Listed Companies
  • Contact Us
  • London Stock Exchange
  • Singapore Exchange
  • Canadian Exchange
  • Australian Exchange
  • Oslo Bourse
  • PSX
  • Ratings
  • Euronext
  • MENA
  • Nasdaq Nordic
  • Wire
  • Business & Finance
  • Gadget Reviews
  • About Us: A Comprehensive Financial News Database

All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

Listed Companies

Equity Markets and Stock Exchanges

NNR

©2025 NewsnReleases | WordPress Theme by Superb WordPress Themes