Newcastle is UK’s EV hotspot

Electric car sales have risen tenfold since pandemic, says Volkswagen Financial Services UK

Mark Moran
27 September 2022
 

The UK’s journey to mainstream adoption of electric cars is accelerating fast, with annual EV sales surging tenfold in the wake of the COVID pandemic, says Volkswagen Financial Services UK.

The car finance specialist reports that annual finance cases for all forms of electric vehicles (BEV, PHEV and HEV) surged 1,062% between July 2019 and July 2022.

The percentage of electric vehicles financed by the car finance company as a proportion of all vehicles in its parc has increased from 1% in...

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