Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Electric vehicles drive UK new car market to best September since 2020
    Finance

    Electric Vehicles Drive UK New Car Market to Best September Since 2020

    Published by Global Banking & Finance Review®

    Posted on October 4, 2025

    1 min read

    Last updated: March 1, 2026

    Add as preferred source on Google
    The image illustrates the ongoing anti-government protests in Moldova, where fugitive tycoon Ilan Shor offers $3,000 monthly to participants. This controversial move aims to destabilize the pro-European government ahead of elections.
    Moldovan anti-government protests funded by Ilan Shor - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityAutomotive industryUK economyconsumer perception

    Quick Summary

    The UK car market experienced its best September since 2020, driven by a surge in electric vehicle registrations, which accounted for over half of new registrations.

    UK New Car Market Sees Record September Boost from Electric Vehicles

    Electric Vehicles Transforming the UK Car Market

    (Reuters) -Britain's new-car market logged its best September in five years, industry data showed on Saturday, as the crucial "new numberplate" month delivered record electric-vehicle uptake after a summer slowdown.

    September Registration Statistics

    The strong September performance, which typically accounts for about one in seven annual registrations, offers a boost to Britain's automotive sector as it races to meet government targets for electric-vehicle adoption amid concerns over weak private-buyer demand.

    Impact on the Automotive Sector

    UK new car registrations rose 13.7% in September to 312,887, with electrified vehicles making up more than half of the registrations for the first time, according to preliminary figures from the Society of Motor Manufacturers and Traders (SMMT).

    Insights from Industry Leaders

    "Electrified vehicles are powering market growth after a sluggish summer," SMMT Chief Executive Mike Hawes said in a statement, adding that the Electric Car Grant would help break down affordability barriers for drivers.

    A report from New AutoMotive published on Friday showed nearly flat year-on-year growth for Tesla in the UK.

    (Reporting by Yamini Kalia in Bengaluru; Editing by Tasim Zahid)

    Table of Contents

    • Electric Vehicles Transforming the UK Car Market
    • September Registration Statistics
    • Impact on the Automotive Sector
    • Insights from Industry Leaders

    Key Takeaways

    • •UK car market saw best September in five years.
    • •Electric vehicles accounted for over half of new registrations.
    • •September is a crucial month for new car registrations.
    • •Government targets are pushing electric vehicle adoption.
    • •Tesla showed nearly flat year-on-year growth in the UK.

    Frequently Asked Questions about Electric vehicles drive UK new car market to best September since 2020

    1What is an electric vehicle?

    An electric vehicle (EV) is a type of vehicle that is powered entirely or partially by electricity, using electric motors instead of traditional internal combustion engines.

    2What is the Society of Motor Manufacturers and Traders (SMMT)?

    The Society of Motor Manufacturers and Traders (SMMT) is a UK trade association that represents the automotive industry, providing insights and statistics on vehicle registrations and market trends.

    More from Finance

    Explore more articles in the Finance category

    Image for Hapag-Lloyd faces $40-50 million costs weekly due to Iran war, CEO tells ntv
    Hapag-Lloyd Faces $40-50 Million Costs Weekly Due to Iran War, CEO Tells Ntv
    Image for Endesa CEO to leave position after 12 years
    Endesa CEO to Leave Position After 12 Years
    Image for UK and Turkey sign multi-billion-pound air defence deal
    UK and Turkey Sign Multi-Billion-Pound Air Defence Deal
    Image for ECB still set to hold interest rates through 2026, most economists say: Reuters poll
    ECB Still Set to Hold Interest Rates Through 2026, Most Economists Say: Reuters Poll
    Image for Italy revises enhanced voting rights rules in listed firms to prevent misuse
    Italy Revises Enhanced Voting Rights Rules in Listed Firms to Prevent Misuse
    Image for Shipbuilder Fincantieri's profit soars 150%, confirms 2026 targets
    Shipbuilder Fincantieri's Profit Soars 150%, Confirms 2026 Targets
    Image for Telecom Italia weighs early exit from INWIT contract, sources say
    Telecom Italia Weighs Early Exit From Inwit Contract, Sources Say
    Image for Libya's coast guards tow damaged Russian LNG tanker away from its shores
    Libya's Coast Guards Tow Damaged Russian Lng Tanker Away From Its Shores
    Image for UK supermarket Morrisons sales growth improves, alert to impact of Iran war
    UK Supermarket Morrisons Sales Growth Improves, Alert to Impact of Iran War
    Image for Germany unveils climate plan to cut emissions, fossil fuels
    Germany Unveils Climate Plan to Cut Emissions, Fossil Fuels
    Image for Sterling steady as traders remain cautious about efforts to end Iran war
    Sterling Steady as Traders Remain Cautious About Efforts to End Iran War
    Image for Dutch gas storage levels hit lowest level in years
    Dutch Gas Storage Levels Hit Lowest Level in Years
    View All Finance Posts
    Previous Finance PostMunich Airport to Resume Flight Operations After Drones in Airspace Caused Delays
    Next Finance PostFactbox-How Hedge Funds Performed in September