Decline in market share of new electric cars
by Neil Lancefield
Apr 04, 2024
2 minutes
The automotive industry issued renewed pleas for electric car purchase incentives after new figures showed a decline in the vehicles’ market share.
Some 15.2% of new cars registered in March were pure electrics, down from 16.2% during the same month last year, the Society of Motor Manufacturers and Traders (SMMT) said.
The industry body urged the to halve on the purchase of new electric vehicles (EVs), amend plans to introduce vehicle excise duty for , and reduce VAT on public EV charging to bring it into line with home charging.
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