UK EV registrations up 185% in 2020, despite impact of Covid-19
Despite new car registrations falling to their lowest in nearly 30 years in 2020, the proportion of the market accounted for by electric vehicles (EVs) grew significantly, according to new figures from the automotive industry s trade body.
Automakers are now planning to launch more EVs than petrol models in the UK market in 2021
Data published today (6 January) by the Society for Motor Manufacturers and Traders (SMMT) reveals that 1.63 million new cars were registered in the UK during 2020, compared with 2.3 million in 2019. The 29% year-on-year decline is the steepest seen since World War 2, according to the body. The last time that just 1.63 million new cars were registered was in 1992.
These charges are now likely to be avoided which the SMMT claimed will help protect jobs in the industry.
However, the SMMT warned the deal does not deliver on cumulation with trading partners such as Japan, South Korea and Turkey while still offering technical barriers to trade .
They said the arrangement will lead to “increased administration” and the possibility of friction at the border as the UK leaves the single market.
The SMMT warned the automotive industry was worth up to 10 percent of the country’s GDP with every £1 generated by the sector contributing £3 to the UK economy.
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