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UK battery electric vehicles grow 185.9% in 2020 From SMMT

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According to the latest data released by the association of automobile manufacturers and traders (SMMT), the UK new car market will drop by one-third (- 29.4%) in 2020, and the annual registration volume will drop to 1631064 vehicles. In December, it fell by 10.9%, ending a turbulent 12-month period. Demand fell by 680076 vehicles, to the lowest level since 1992.

In the context of the blockade restrictions, sales of gasoline and diesel vehicles have accelerated to 2030, and the uncertainty of brexit has resulted in a total loss of about 20.4 billion pounds in the industry’s turnover. The overall demand for private cars fell by 26.6%, resulting in a vat loss of 1.9 billion pounds to the state treasury. In this year, the number of vehicles joining the fleet of large companies also decreased by 31.1%.

With the exception of professional sports (7.0%), demand declined in all segments. Although the most popular car category in the UK is still super sports cars, with a 31.2% market share despite a 25.9% drop in registration. Although gasoline and light hybrid (mhev) vehicles decreased by – 32.9% in total, accounting for 62.7% of the registered volume, diesel and mhev diesel vehicles decreased by 47.6%, accounting for almost 1 / 5 (19.8%) of the market.

2020 is also a year of vigorous development of battery and plug-in hybrid vehicles, with more than 1 / 10 of their total registration, higher than that in 2019. The demand for battery electric vehicles (BEVS) increased by 185.9% to 108205, and the registration of plug-in hybrid vehicles (PHEVs) increased by 91.2% to 66877. Encouragingly, there is more room for growth, as most of these registrations are corporate cars (68%), suggesting that private buyers need a stronger incentive to switch and invest more in charging infrastructure, especially public roadside charging.

There are now more than 100 plug-in models available to UK buyers. Manufacturers plan to launch more than 35 plug-in vehicles in 2021, exceeding the number of gasoline or diesel models planned that year.

Looking to the future, another blockade in England and continued severe restrictions elsewhere will further affect the entire industry, while online shopping can continue to provide a lifeline, but cannot offset the impact of closing showrooms. However, with the planned progress of vaccines, 2021 is likely to promote the recovery.

China EV100 & NRDC: how can China’s charging service market develop healthily (download attached) SMMT: new car registration in the UK will decrease by 4.4% in September 2020 SMMT: British car production will decrease by 27.3% in January 2021 SMMT: British car production will decrease by 29.3% in 2020 SMMT: Tesla Model in August 2019 30% one of the best selling models in the UK Accenture: global electric vehicles will reach 10 million in 2025 Tesla: 499 vehicles will be delivered in 2020, 550 EV volumes: global sales of plug-in vehicles will reach 3.24 million in 2020 Deliver 7225 electric vehicles to a new record EU: 30 million electric vehicles on the road by 2030 Tesla: 4q20 financial report teleconference record musk said Tesla is currently China’s electric vehicle market leader Credit Suisse: penetration rate of electric vehicles is expected to rise to 57% by 2030

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