Motor Trade Insurance
Menu

Increase In Market Share Of New Electric Cars Sold In 2020

January 7, 2021 by mti

In the main, 2020 was a very disappointing year for many people involved in the motor trade industry including motor traders. However, according to figures published by the Society of Motor Manufacturers and Traders (SMMT), the sale of new electric cars was a positive factor last year.

In 2020, the number of new Battery Electric Vehicles (BEV) sold amounted to 108,205 whereas in 2019 the figure was 37,850 – an increase of 185.9%. The market share in 2020 was 6.6% whereas in 2019 the figure was 1.6%.

In 2020, the number of new Mild Hybrid Electric Vehicles petrol (MHEV petrol) sold totalled 119,179 compared to 41,955 in 2019 – a rise of 184.1%. The market share in 2020 was 7.3% whereas in 2019 the figure was 1.8%. The number of new Mild Hybrid Electric Vehicles diesel (MHEV diesel) sold amounted to 60,953 in 2020 compared to 33,931 in 2019 – an increase of 79.6%. The market share was 3.7% in 2020 whereas in 2019 it was 1.5%.

In 2020, the number of new Plug-in Hybrid Electric Vehicles (PHEV) sold amounted to 66,877 whereas in 2019 the figure was 34,984 – a rise of 91.2%. The market share in 2020 was 4.1% whereas in 2019 the figure was 1.5%.

In 2020, the number of new Hybrid Electric Vehicles (HEV) sold totalled 110,117 whereas in 2019 the figure was 98,237 – a rise of 12.1%. The market share in 2020 was 6.8% compared to 4.3% in 2019.

Apparently in excess of 100 plug-in models are presently available in the UK with at least 35 more to be introduced in 2021. You may find it interesting to read that is more than the number of new models of petrol and diesel vehicles expected to be introduced in 2021. It is also interesting to hear that 68% of new PHEVs and BEVs sold in 2020 were as company vehicles.

There can be no doubt that the pandemic has had a significant impact upon the sale of new electric cars in 2020 so it is pleasing to see their market share increase. It will be interesting to see what happens in 2021 especially following this week’s announcement by the government of a further tightening in the pandemic tiering system.  

Motor traders and others operating within the motor trade industry will be hoping that there is an easing of the measures put in place to reduce the number of people getting the coronavirus and the number of deaths as soon as is safely possible with a view to getting back to some form of normality.


No Comments »

No comments yet.

Leave a comment

Mailing List

To get the latest news and offers from MTI, enter your email below.

Subscribe to the Mailing List
FacebookTwitterGoogle PlusLinked In