Car Sales Increased by 28% on EV Demand in UK

BUSINESS

In the month of January 2022, the car sales in the United Kingdom has registered high growth because of the increasing demand for the electric vehicles, and one in five purchases has now opted for a car with a battery along with the shipments of the fully electric vehicles that has been more than doubling and the plug-in hybrids has been increased by 47 percent.

According to the data from the Society of Motor Manufacturers and Traders, in January 2022, the registrations of new cars has been increased by 28 percent, and in the performance of January 2022 has been comparing favourably to the period in the previous year when the dealerships had been closed because of the measures of the corona virus lockdown.

Mike Hawes, chief executive officer of SMMT said that, in the month of January 2021 impacted by the covid-19 lockdown, and the figures had always been going to be an improvement bit it has still be reassuring for seeing a strengthening the market. Once again it been the electric vehicles that are now driving the growth of the sales and in spite of then ongoing headwinds of the shortages of the chips along with the increasing inflation and also the cost of living.

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The SMMT has also decreased the sales forecast for the year 2022 to 1.9 million vehicles from the previous 1.96 million as the SMMT has been expecting the inflation of the living-cost along with the higher rates of the interest.