UK car sales hit post-Covid high as Chinese EV makers gain ground
Summary
Car sales in the UK rose in May to their highest level for that month since before the Covid pandemic. This growth was helped by strong sales of electric vehicles, especially from Chinese manufacturers like BYD and Chery, alongside increased demand from British buyers.Key Facts
- UK car sales in May increased by 7% to 160,662 vehicles.
- Sales of battery electric cars grew the fastest, making up over 27% of the market.
- Chinese car brands Chery and BYD sold 8,200 and 5,200 cars respectively in May.
- BYD’s sales doubled, and Chery’s sales increased four times in the first five months of the year.
- MG, owned by China’s SAIC, also saw sales rise 13% to almost 7,500 cars.
- Tesla’s UK car sales increased by 45% in May, although yearly sales growth was only 3%.
- Increased fuel prices and government grants have boosted electric car demand in the UK.
- Industry groups want the UK government to reconsider electric car sales targets to help manufacturers meet net zero goals.
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