Electric Car Sales Fall as Manufacturers Threatened With Government Fines

Published on January 5, 2024

The number of UK consumers buying electric vehicles (EVs) fell for the first time last year, with the latest figures announced just as the government threatened manufacturers with hefty fines if they fail to meet minimum sales targets. Electric cars made up 16.5 percent of the new vehicle sales last year, while the total new car market grew by almost 18 percent, according to figures released by the Society of Motor Manufacturers and Traders [SMMT]. While overall sales of EVs reached a new high of 315,000 units, their market share was down slightly from 16.6 percent during the previous 12 months to 16.5 percent. Purchases of electric vehicles plummeted sharply by 34.2 percent in the last month of 2023, but the SMMT attributed this to an “abnormal” December in the previous year when a very high number of sales were made....

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