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Discounting lifts registrations of new electric vehicles

SMMT: Automotive sector calls for VAT cuts on EV purchases and home charging plus VED reform

Mark Moran
05 June 2025

 

Fleet sale drove new car market growth in May as as registrations rose 1.6% to 150,070 units, according to the latest data published by the Society of Motor Manufacturers and Traders (SMMT). 

It was the best May performance since 2021, but still -18.3% lower than in pre-pandemic 2019 and only the second month of growth this year. The SMMT says this reflects brittle consumer confidence and economic turbulence.

Fleets and businesses drove the growth, up 3.7% and 14.4% respectively and...

+83% more

 

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