UK's new car registrations jump 26% YoY in February

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British new car registrations jumped 26% in February from a year ago, raising the prospect of nearly half a million plug-in cars joining the roads by the end of this year, according to industry data released on Monday.

The upcoming spring budget on March 15 should include setting out a long-term plan for investment in charging infrastructure to meet demand from battery electric vehicles and plug-in hybrid cars, the Society of Motor Manufacturers and Traders said in a statement.

The industry body also called for a review of the Vehicle Excise Duty premium that it said would unfairly penalise buyers switching to the more expensive electric vehicles. "As we move into ‘new plate month' in March, with more of the latest high-tech cars available, the upcoming budget must deliver measures that drive this transition, increasing affordability and ease of charging for all,” SMMT Chief Executive Mike Hawes said.

 

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UK new car market posts seventh straight month of growth 🚗 new car market rises 26.2% in February, 7th consecutive month of growth ⚡️Battery electric deliveries rise 18.2% 🔌Plug-in uptake set to near half a million units in 2023

Car makers finally started delivering orders after struggle with electronics eased.

No inflation there then eh

And they said economy is low 😂

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