Over 50% of cars registered in February had an electric motor

Overall car market jumps up 26% year on year

The latest data from the Society of Motor Manufacturers and Traders shows that over half the vehicles registered in February 2023 had an electric motor onboard. There are four main types of vehicles that can be supplied with an electric motor. February’s figures show that the most popular version was Battery Electric, where the entire powertrain is electric and there is no hybrid component. This is great news for car makers who have embraced the transition, not so good for those who are still mass producing diesel cars.

Overall, the market recovered nicely on last year’s downturn, with an increase in registrations of more than 26% last month compared to February 2022. Looking at the year so far, the UK has already registered 32,349 cars more than it had in during the same period in 2022.

After lockdown and component shortages, this recent boost to the EV market has been well received by the industry. Gill Nowell, Head of EV Communications for Electrix told us, “With one in six people now choosing to switch to all-electric, these cars are starting to earn public trust – and rightly so. Battery range has improved, new public chargers are being rolled out at speed and drivers are getting used to a new way of driving. What’s more, the uptake of EVs through business leasing and salary sacrifice schemes is becoming more buoyant and these cars will eventually trickle down to the used car market, helping EVs become more affordable to more people, and driving the number of EV owners even higher.”

“We must not sit on our laurels though and whilst the latest SMMT figures are encouraging, we need to continue to work hard to help drivers switch to electric cars. In parallel, the ambition to install 300,000 public chargers by 2030 and improve the infrastructure needs to continue moving at pace. Ultimately, infrastructure must now uphold the trust the public has placed in electric cars.”

Jon Lawes, Managing Director of Novuna Vehicle Solutions also believes that the UK government needs to do more in order to avoid the UK falling behind its European neighbours: “With the budget fast approaching, it is clear that the Government needs to significantly pledge to ramp up investment in the UK automotive supply chain to meet industry demand or risk compromising its 2030 targets. Failure to intervene to adequately support the industry, notably to build a more robust supply of battery technology has stymied the UK's progress to date.”

While petrol and diesel are familiar terms for all motorists, the distinctions between vehicles with electric motors may not always be as obvious. The vehicles included in the SMMT data, will generally fit into one of four categories:-

Here at WhichEV, we're full expecting the price of EVs and to drop significantly around the end of 2025, as new technologies come into the market and competition starts to heat up.

WhichEV recently commissioned a survey that revealed that over 85% of UK drivers would feel pressure to move across to an electric vehicle sooner rather than later, if manufacturers were able to offer an EV that combined a WLTP range of around 300 miles with a price tag under £20,000.

Only one BEV made it into the February bestsellers on its own, however – the Tesla Model Y. It placed sixth overall.

Exit mobile version