EV sales in UK increased 11% year-on-year in 2018 Q1: CAM Report

EV sales in UK increased 11% year-on-year in 2018 Q1: CAM Report

According to the latest worldwide electric-vehicle registrations data compiled by the Centre of Automotive Management (CAM), the share of EVs has increased in developed automotive markets across the world. The report also suggests that new vehicle registrations in the UK increased to 2% in 2018 first quarter.

Despite the increase, EV registration figures in the UK are significantly lower than those in Norway, Western Europe and China.

Going by the data compiled by CAM, there has been an 11% year-on-year increase in EV sales in the UK in the first quarter of 2018. As a result of the increase, UK has now become one of the leading countries in which consumers are ditching petrol and diesel cars in favour of electric cars.

In comparison to the UK, electric vehicles comprised 48% of the new vehicle registrations in Norway in the 2018 first quarter, as against 35% in the same quarter last year. Norway is the world leader in electric vehicle acceptance among consumers, with the EVs running almost exclusively off the country’s hydropower resource.

In China, meanwhile, the total market share of EVs was just 2% of new registrations in 2018 first quarter; but the raw numbers are highly impressive. The EV sales in the country touched 142,445 units during the quarter; thereby marking a whopping 154% year-on-year increase.

Highlighting the fact that Norway and China are “exceptional in e-mobility,” CAM’s Stefan Bratzel said, “The lead market remains China, where substantial industrial policy motives are driving battery-electric vehicle technology forward.”