UK electric car sales leap ‘could be hit by Iran war inflation and energy price rises’
Summary
Electric car sales in the UK rose sharply in April, with battery electric vehicles making up over a quarter of all new car sales. However, concerns about inflation and higher energy prices linked to the Iran war could slow future growth in electric vehicle demand.Key Facts
- New car sales in the UK increased by 24% in April compared to last year, reaching 149,247 vehicles.
- Battery electric vehicle (BEV) sales jumped 59.1% in April and accounted for 26.2% of total new car sales.
- The UK registered its two millionth electric car recently.
- Rising inflation and energy costs related to the Iran conflict may reduce consumer interest in electric cars.
- Car tax rules changed last year, adding a luxury tax on electric cars costing over £40,000.
- Electrified cars (battery electric, plug-in hybrids, and hybrids) made up over half of the new car market in April.
- The Society of Motor Manufacturers and Traders expects total UK car sales to rise in 2026 but forecasts a lower electric vehicle share than originally planned.
- The price of new electric cars in the UK has fallen below that of petrol cars for the first time.
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