Latest news with #NewAutoMotive
Yahoo
07-07-2025
- Automotive
- Yahoo
UK electric car sales up by a third in first half of 2025, preliminary data suggests
British electric car sales rose by a third in the first half of 2025 after the strongest June for overall car sales since before the Covid pandemic. The number of battery electric car sales rose 34.6% to 224,838 units in the first six months of the year, according to preliminary data from the Society of Motor Manufacturers and Traders (SMMT), a lobby group. New car sales rose 6.8% year-on-year in June to 191,200 units, the best sales figures for the month since 2019. A quarter of all June sales, or nearly 47,400, were electric. Separate sales figures published by the thinktank New AutoMotive, suggested electric sales were buoyed in June compared with May by the launch of the new version of the Model Y from Tesla, which has remained the biggest electric car seller in the UK despite the controversy around the support for far-right politicians of its founder, Elon Musk. Ford achieved the fastest growth in UK electric car sales, New AutoMotive said. The UK car industry has struggled to increase sales to pre-pandemic levels as potential buyers have been hit by the cost of living crisis after Russia's full-scale invasion of Ukraine. British car factories have also had to contend with a major slowdown in response to extra US tariffs of 25% announced by Donald Trump in March. UK car production last month fell to its lowest level for May since 1949 as manufacturers cut back shipments. Those factories received respite on Monday when a lower tariff rate of 10% kicked in after a limited trade deal was agreed between the UK and US. The 10% rate will apply to the first 100,000 vehicles exported to the US. Despite these difficulties, car sales have been rising over the course of 2025, although the industry has said the numbers have been flattered by discounts which it says are unsustainable. Discounts have been targeted particularly at electric car buyers as manufacturers try to meet targets set under the government's zero-emission vehicle mandate. So far in 2025 electric sales have made up 21.6% of all sales, the SMMT's preliminary data suggested. That is below the 28% target, although 'flexibilities' in the rules mean the effective target is significantly lower. Dan Caesar, the chief executive of Electric Vehicles UK, a group lobbying for pro-electric vehicle policies, said the June figures were still encouraging. 'The robustness of battery EV sales as a percentage of the market demonstrates we're in a new phase of uptake,' he said. 'Savvy consumers see the trend, and the savings. Better and cheaper BEVs, in addition to genuine competition, should see sales in the second half continue to grow.' New AutoMotive's data also suggested that demand for electric vans had risen sharply. Electric van sales increased by 50% in the first half of 2025 compared with last year to account for one in every 10 sales. Sign in to access your portfolio
Yahoo
07-07-2025
- Automotive
- Yahoo
UK carmakers on track to meet EV sales target despite intense lobbying to lower quota
Carmakers are on track to meet existing UK electric car sales targets despite having successfully lobbied the government to water them down. Electric car sales made up 21.6% of sales in the first half of 2025, only marginally below the 22.06% share needed to meet existing rules once concessions are taken into account, according to an analysis by New AutoMotive, a thinktank. The Conservative government under Rishi Sunak brought in the zero-emission vehicle (ZEV) mandate. It forced carmakers to sell an increasing proportion of electric cars or face steep fines of up to £15,000 for every vehicle above their fossil fuel quota. Related: UK electric car sales up by a third in first half of 2025, preliminary data suggests However, in April the business secretary, Jonathan Reynolds, confirmed the Labour government would relax the rules after an intensive lobbying campaign by the UK car industry against the policy. The Vauxhall maker Stellantis blamed its decision to close its Luton van factory on the mandate, although earlier comments by executives appeared to undermine that argument. Carmakers are aiming for a headline target of 28% electric sales to avoid fines this year, but 'flexibilities' within the rules mean the effective target – as calculated by New AutoMotive – is much lower. That is because manufacturers are allowed to borrow electric sales from later years and to gain credit for cutting emissions by selling more hybrids. After the government climbdown manufacturers are to be given more freedom on how they meet their yearly targets and to face lower fines. Ben Nelmes, the chief executive of New AutoMotive, said: 'Carmakers are within touching distance of their targets for 2025 before taking into account the government's decision to weaken the targets for this year. 'This impressive progress should reassure ministers that ambitious targets spur the innovation and dynamism the UK needs to achieve net zero and get ahead in the global shift towards electric vehicles.' Weakening the rules could benefit individual carmakers in particular. New AutoMotive's analysis suggests the Japanese carmaker Nissan is the farthest away from what it needs to achieve in 2025, as it waits for its factory in Sunderland in northern England to start production of its new Leaf electric car. Toyota and JLR, maker of the Jaguar and Land Rover brands, are also well behind their effective targets. The decision to weaken the targets is expected to mean significant extra carbon emissions, despite government claims that the impact would be 'negligible'. The Society of Motor Manufacturers and Traders chief executive, Mike Hawes, said that with one in four new car buyers choosing an EV last month, the market was moving forward 'but not at the pace needed'. 'The headline figures belie the fact that just 13% of private buyers have gone fully electric this year, with growth driven by fleets which benefit from compelling fiscal incentives,' said Hawes. 'The lack of natural demand among private consumers has forced manufacturers into unsustainable discounting and led them to seek increased regulatory flexibilities to avoid the double whammy of having to incentivise sales and pay punitive fines.' Britons were wary of going electric for a number of reasons, including higher vehicle costs and an inconsistent and expensive array of public charge points, Hawes said, adding: 'The best way to encourage drivers to trade in their older, more polluting vehicles for new zero emission ones would be for government to emulate other countries and reintroduce the compelling purchase incentives it once provided.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-07-2025
- Automotive
- Yahoo
Tesla's UK sales jump in June from a year earlier, data shows
(Reuters) -Tesla's new car sales in Britain rose year-on-year in June amid a broader recovery in the electric-vehicle market, data showed on Friday, as the U.S. auto maker started deliveries of its updated Model Y last month. Overall, Britain's new car registrations grew 6.7% in June from a year earlier to 191,316 units, the Society of Motor Manufacturers and Traders (SMMT) said in a report, boosted by demand for battery electric vehicles. Though sales remained below pre-COVID levels, it was the best June since 2019. Battery electric car demand rose 39% to 47,354 units, with every one in four buyers going electric, the SMMT said. "That EV growth, however, is still being driven by substantial industry support with manufacturers using every channel and unsustainable discounting to drive activity, yet it remains below mandated levels," SMMT Chief Executive Mike Hawes said in the report. Tesla sold 7,719 units in June, up 14% from a year earlier, according to the SMMT. Data from research group New AutoMotive earlier in the day showed a 12% increase in June to 7,891 units. The SMMT and New AutoMotive use different sources of data and methods of calculation, explaining the differences in the figures published. Despite the growth in June, Tesla's UK sales are still down nearly 2% so far this year, while those of Chinese rival BYD have increased nearly four-fold to 2,498 units, according to New AutoMotive. US automaker Ford's EV sales grew the fastest among its rivals in Britain in the first half of 2025, rising more than four-fold from a year earlier, New AutoMotive said. "Further growth in sales, and the sector, will rely on increased and improved charging facilities to boost mainstream electric vehicle adoption," Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said. The US-UK trade deal lowering some tariffs on imports from Britain, including for British car manufacturers that will now be able to export to the U.S. under a reduced 10% tariff quota from an earlier 27.5%, came into effect this week.
CTV News
04-07-2025
- Automotive
- CTV News
Tesla's U.K. sales jump in June from a year earlier, data shows
Tesla's new car sales in Britain rose year-on-year in June amid a broader recovery in the electric-vehicle market, data showed on Friday, as the U.S. auto maker started deliveries of its updated Model Y last month. Overall, Britain's new car registrations grew 6.7 per cent in June from a year earlier to 191,316 units, the Society of Motor Manufacturers and Traders (SMMT) said in a report, boosted by demand for battery electric vehicles. Though sales remained below pre-COVID levels, it was the best June since 2019. Battery electric car demand rose 39 per cent to 47,354 units, with every one in four buyers going electric, the SMMT said. 'That EV growth, however, is still being driven by substantial industry support with manufacturers using every channel and unsustainable discounting to drive activity, yet it remains below mandated levels,' SMMT Chief Executive Mike Hawes said in the report. Tesla sold 7,719 units in June, up 14 per cent from a year earlier, according to the SMMT. Data from research group New AutoMotive earlier in the day showed a 12 per cent increase in June to 7,891 units. The SMMT and New AutoMotive use different sources of data and methods of calculation, explaining the differences in the figures published. Despite the growth in June, Tesla's UK sales are still down nearly two per cent so far this year, while those of Chinese rival BYD have increased nearly four-fold to 2,498 units, according to New AutoMotive. U.S. automaker Ford's EV sales grew the fastest among its rivals in Britain in the first half of 2025, rising more than four-fold from a year earlier, New AutoMotive said. 'Further growth in sales, and the sector, will rely on increased and improved charging facilities to boost mainstream electric vehicle adoption,' Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said. The U.S.-U.K. trade deal lowering some tariffs on imports from Britain, including for British car manufacturers that will now be able to export to the U.S. under a reduced 10 per cent tariff quota from an earlier 27.5 per cent, came into effect this week. (Reporting by Raechel Thankam Job and Yadarisa Shabong in Bengaluru; Editing by Leroy Leo and Subhranshu Sahu)
Reuters
04-07-2025
- Automotive
- Reuters
Tesla's UK sales rise 12% in June from a year ago, New AutoMotive data shows
July 4 (Reuters) - Tesla's (TSLA.O), opens new tab new car sales in Britain grew 12% year-on-year in June, data from research group New AutoMotive showed on Friday, as the U.S. automaker started deliveries of its updated Model Y last month. Overall, Britain's new car registrations in June grew 12.8% from the prior year to 187,655 units, led by a 45.5% growth in battery electric vehicle sales, the data showed. Tesla sold 7,891 units in June compared to 7,019 units in the prior year, according to New AutoMotive. Despite the rise in sales for June, Tesla's UK sales are still down nearly 2% so far this year, while Chinese rival BYD's ( opens new tab sales have increased nearly four-fold. BYD's June sales in the UK also rose nearly four-fold to 2,498 units. US automaker Ford's (F.N), opens new tab EV sales grew the fastest among its rivals in Britain during the first half of 2025, rising more than four-fold from the same period last year, according to the data.
