EV cars outsells Diesel (inc. MHEV) in October 2021 at 15% versus 11%.
The graph below analyses SMMT new car registration data in each October for the last 6 years by fuel type.
Interesting to note how petrol (again inc. MHEV) is hanging on it there. Increasingly we think this is about business versus retail sales, reflecting the effectiveness of incentives that focus on fleet customers?
Of course the market in 2020 and 2021 can hardly be described as normal, but it’s interesting how the trends seem clear. You might speculate, on just this basis, that EVs could be around 30% of the market in October 2022?