In recent months, the UK's electric vehicle (EV) market has been making significant waves. According to a transportation research group, one in four new cars registered last month were fully electric. This remarkable figure represents the highest monthly market share for EVs in nearly two years. New AutoMotive, which published the data, has highlighted this as evidence that the country's EV sales mandate is indeed working.

Boosting the Clean Energy Movement

The November results have further strengthened the case made by clean-energy advocates like New AutoMotive. These advocates have been firmly opposed to auto-industry efforts to weaken the UK's EV mandate. The government's decision to review the rules following an outcry from carmakers shows the importance of this mandate. As Ben Nelmes, the Chief Executive Officer of New AutoMotive, rightly said, "Ministers must not pull the rug from under this progress as they revisit UK policy on electric vehicles."

Business Secretary's Support

Shortly after Stellantis NV announced plans to close a van factory in the country that has produced Vauxhalls for 120 years, Business Secretary Jonathan Reynolds vowed to support the sector. This shows the government's commitment to the growth of the EV industry.

Outperforming the EU

While the 25% share of EVs in the UK outstrips the country's target for 2024, it's important to note that the year-to-date figure is still lagging. However, EV sales have held up better in the UK this year compared to the European Union. In the EU, the removal of incentives has stifled demand in key countries like Germany. The UK's introduction of rules requiring 22% of new car sales to be zero-emission this year and rising to 80% by the end of the decade has set a clear direction for the industry. Automakers face fines of up to £15,000 ($19,100) per vehicle if they fail to comply, but they can avoid penalties by using a credits-trading system and exceeding requirements in later years.

Dealer Incentives and ZEV Credits

Some dealers have taken the initiative to introduce steep discounts to boost EV demand. This has had a positive impact on the market, as seen by the robust EV sales. New AutoMotive has stated that there are enough Zero-Emission Vehicle (ZEV) credits, ensuring that no manufacturers will have to pay fines this year. Fiona Howarth, the Chief Executive Officer of EV leasing firm Octopus Electric Vehicles, emphasized, "The ZEV mandate is working, delivering affordability and choice for drivers, and huge private investment in public chargers."