Published by Global Banking & Finance Review®
Posted on December 5, 2024
1 min readLast updated: January 27, 2026
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UK car sales fell 2% in November. Battery electric cars exceeded targets due to discounts. Final figures from SMMT are pending.
(Reuters) - New car registrations in Britain fell about 2% in November, according to preliminary industry data released on Thursday.
The Society of Motor Manufacturers and Traders (SMMT) said the overall market share for battery electric cars exceeded the mandate target for the first time in November due to record levels of discounting.
Britain's strict Zero Emission Vehicle (ZEV) mandates demand that automakers sell a higher proportion of EVs each year or face fines per non-compliant vehicle sold.
Year-to-date demand for battery electric cars remains at around 19%, according to the preliminary data.
SMMT will provide final figures for November at 9:00 a.m. GMT.
(Reporting by Raechel Thankam Job; Editing by Shreya Biswas)
The main topic is the decline in UK car sales by 2% in November and the rise in battery electric car sales.
Record levels of discounting and Zero Emission Vehicle mandates influenced the rise in electric car sales.
The preliminary data was provided by the Society of Motor Manufacturers and Traders (SMMT).
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