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EV Sales Hit Record High in UK

People in the United Kingdom (UK) are buying more electric vehicles (EVs) than they did before.

EV and hybrid car sales in the UK hit a record high in May, according to the Society of Motor Manufacturers and Traders (SMMT). The data shows that 11,240 units were bought, which is 36.1% more than in 2017. The market share increased to 5.8% from 4.4% in 2017.

Plug-in hybrid cars grew 72.7% and were the biggest drivers of growth. Hybrids were up 22.6% and zero-emission battery electrics grew 18.7%.

Another report by Emu Analytics says that the increasing popularity of EVs will trigger a shortage of electric charging points. The report suggests that the UK needs to build 83,500 charging points by 202o to keep up with demand.

More hikes in EV car sales are expected to follow because of political changes in Europe. The Five Star Movement strongly supports a reduction in the use of vehicles powered by diesel and petrol engines.

The new government in Spain promises to transition toward green energy and is likely to push EV sales in Europe. Moreover, the Paris Agreement states that Europe needs to cut total emissions by 40% by 2030.

In fact, the stats look promising all over the world. New electric car registrations worldwide increased 54% in 2017, according to the International Energy Agency (IEA).

“Looking ahead, the strongest current policy signals emanate from electric car mandates in China and California, as well as the European Union’s recent proposal on carbon dioxide (CO2) emissions standards for 2030,” wrote the IEA.

The IEA adds that the rise in sales of electric vehicles is a positive sign. The agency reports that over one million electric vehicles were sold all over the world in 2017.

People in Norway bought the highest number of electric vehicles with 39.2% of total sales. Iceland and Sweden were next with 117% and 6.3% of total sales, respectively. They were followed by China with 2.2% and Germany with 1.6% of the sales.

Company Spotlight – American Lithium Corp.

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