* New car registrations rose to 215,921 units in June, New
AutoMotive said
* Battery electric vehicle registrations rose 38% y-o-y
* Tesla‘s UK battery car registrations climbed 42%, while
BYD’s rose 9%
(Adds industry commentary in paragraph 4, details and context
throughout)
July 3 (Reuters) – British new car registrations rose 15% in
June from a year earlier, with battery electric vehicles
accounting for nearly 30% of the market, as higher fuel prices
boosted demand for EVs, New AutoMotive data showed on Friday.
BEVs made up nearly one in three new car registrations in
June, their strongest monthly performance outside seasonal
peaks, helped by government grants and a wider range of
lower-cost models, the industry body said.
EVs have been gaining ground in Europe as rising fuel costs,
largely driven by global oil shocks from the Iran war, steer
customers toward alternatives.
“EVs have gone mainstream because the case is clear: many
new models are now at price parity with petrol cars, while
second-hand EVs are often even cheaper,” Gurjeet Grewal, CEO of
Octopus Electric Vehicles, said.
Carmakers are racing to meet Britain’s zero-emission vehicle
mandate, which sets annual targets for the share of new vehicles
sold that must be electric, while tougher European Union trade
rules due from 2027 add to the pressure.
The Society of Motor Manufacturers and Traders has warned
British electric vehicle makers could face £1.4 billion in
tariffs from January if post-Brexit local content rules are not
resolved with the European Union.
The European Union remains Britain’s largest export market
for vehicles.
For the year-to-date, BEVs accounted for 24.9% of all new
car registrations in the United Kingdom, according to New
AutoMotive data, but are still below the government’s 33%
target.
In Britain, new car registrations totalled 215,921 units in
June, while battery electric vehicle registrations rose 38% to
64,440 units.
Tesla registered 12,403 battery electric cars in June, up
42% from a year earlier, signalling the carmaker’s recovery in
the European market, while BYD registered 2,999, up 9%.
(Reporting by Yamini Kalia and Nithyashree R B in Bengaluru;
editing by Philippa Fletcher)
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