Discounts drive EV growth amid wider market contraction

SMMT: EV uptake rises as manufacturers continue discounts totalling £4 billion this year

Deliveries of new cars fell by -1.9% in the UK during November with 153,610 joining the road, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). It is the second consecutive monthly decline, and the third decline in four months, as the market contracts amid the race to meet tough EV market share targets.

Demand from private buyers, among whom uptake has waned for two years, dropped by -3.3% to 58,496 units, accounting for fewer than four in 10 (38.1%)...