Live Updates > Live Update Details
2026-04-07 12:31:06
[UK new car registrations rose by about 6% in March, but electric vehicle share remains far below 2026 target] (1) Preliminary industry data released on Tuesday showed that new car registrations in the UK rose by about 6% year-on-year in March. March is typically the month with the highest number of vehicle registrations in the UK. (2) Battery electric vehicle (BEV) sales hit a record high this month, according to data from the Society of Motor Manufacturers and Traders (SMMT), but their overall market share is only about 23%, still far below the government’s target of 33% for 2026. (3) The industry has intensified its calls for an urgent review of the UK’s electric vehicle transition plan and warned that the Iranian crisis has exacerbated consumer uncertainty. Gas prices have soared due to the conflict in the Middle East, pushing up electricity prices in Europe, including the UK.
