Menu

Post image 1
Post image 2
Post image 3
1 / 3
0

UK electric car sales leap ‘could be hit by Iran war inflation and energy price rises’

Reading 0:00
15s threshold

A recent jump in electric car sales in the UK is likely to be “tempered” by worries over rising inflation and energy prices caused by the Iran war, a leading industry body has warned. New car sales in the UK rose by 24% year on year to 149,247 in April, according to the Society of Motor Manufacturers and Traders (SMMT). The trade body said battery electric vehicle (BEV) sales jumped 59.1% last month and the two millionth electric car had been registered. They accounted for more than a quarter (26.2%) of total car sales last month. Buyers’ interest in electric cars has risen across Europe since the start of the war in Iran, as the rising cost of petrol highlights the cheaper power available from a plug. However, the SMMT said on Tuesday that the full impact of the conflict on consumers is “yet to be seen, with rising interest in EVs potentially tempered by concern over inflation, higher energy prices and the resultant negative impact on the cost of living”.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More