Commentary | New car registrations November 2024
Electric vehicles took a near-record share of the new car market in November, putting it above the Zero Emissions Vehicle mandate of 22% for the month, although EV share remains behind the target for 2024 overall. “The rise in share is a clear indication of the collective efforts from manufacturers and retailers who are providing substantial incentives to buy electric. However, to sustain this momentum, it’s crucial that we continue to strengthen consumer confidence in EVs. “Fleet registrations continue to drive the new car market but there is still a reasonable level of demand from private retail, reflecting the decent availability and increasingly attractive offers.”
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