Bridle Blog

Electric car sales increase significantly

The first month of 2019 has resulted in a substantially greater number of electric and hybrid registrations, with a 26.3 percent increase when compared to January of last year. The news comes from the latest figures that are released on a monthly basis by the Society for Motor Manufacturers and Traders.

 

Despite less registrations being made this January than years previous – the sales of alternative fuel vehicles including hybrids, plug-in hybrids and electric cars – grew to remarkable 6.8 percent of all vehicle sales. It has been forecast that this is just the start of a surgence in electric vehicle sales in the coming year.

 

 

In the SMMT UK new car registrations outlook, their analysts have predicted that this sector should rise by more than a quarter towards the end of 2019, for a total of around 177,000 vehicles. 86,00 of these units are predicted to be ultra low emission plug-in hybrids or battery electric vehicles.

 

Mike Hawes, SMMT chief executive, said of the latest findings that: “It’s encouraging to see car registrations in January broadly on par with a year ago as the latest high tech models and deals attracted buyers into showrooms.”

 

 

Summary

Bridle Vehicle Leasing is part of the Bridle group of companies, providing vehicle leasing, fleet management, and insurance services to companies and private individuals across the UK. If you are looking at an electric vehicle for you or your business please do not hesitate to get in touch!

News and advice

If you’ve got any questions about something you’ve seen in the press and are not sure how it affects your drivers or your business, why not give us a call and we’ll be happy to talk it through.

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