UK new car sales recover in May as EV discounts attract buyers, SMMT data shows

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UK new car sales recover in May as EV discounts attract buyers, SMMT data shows

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UK new car sales recover in May as EV discounts attract buyers, SMMT data shows

//automotive-transportation.news-articles.net/co .. ev-discounts-attract-buyers-smmt-data-shows.html

Published in Automotive and Transportation on Thursday, June 5th 2025 at 20:21 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Britain's new car sales rose from a year earlier in May, marking the second month of recovery in 2025, amid heavy discounting by electric vehicle makers, a report by the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday.

In May, UK new car sales showed signs of recovery, increasing by 1.7% to reach 144,487 units, driven by a surge in demand for electric vehicles (EVs) due to attractive discounts, according to data from the Society of Motor Manufacturers and Traders (SMMT). The EV market saw a significant boost, with registrations rising by 6.2% to 26,031 units, largely due to price cuts and incentives offered by manufacturers. Despite the overall growth, the market remains 19.6% below pre-COVID levels, with challenges such as supply chain issues and economic uncertainty continuing to impact the industry. The SMMT emphasized the need for continued government support to maintain the momentum in EV adoption and to help the sector fully recover.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/other/uk-new-car-sales-recover-in-may-as-ev-discounts-attract-buyers-smmt-data-shows/ar-AA1G8jd1 ]

Publication Contributing Sources

Reuters

N🟁N

UK new car sales recover in May as EV discounts attract buyers, SMMT data shows