By WhichEV
January 2024, the UK automotive sector marked a significant milestone with the registration of the country’s millionth battery electric vehicle (BEV), highlighting a growing trend towards greener transportation. This achievement coincided with an 8.2% increase in new car registrations, totalling 142,876 units, marking the strongest start to a year since 2020 and continuing an 18-month streak of growth.
However, this rise was predominantly seen in the fleet market, which surged by 29.9%, in contrast to a 15.8% decline in private retail sales.
BEVs accounted for 20,935 of the new registrations in January, up 21% from the previous year, bringing the total BEV registrations to 1,001,677 since records began. Despite this growth, the BEV market share of 14.7% for January was slightly lower than the overall performance in 2023. The industry also saw an increase in plug-in hybrid (PHEV) registrations by 31.1%, while hybrid vehicle (HEV) registrations experienced a minor decrease.
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