The UK auto market saw plugin electric vehicles take 16.7% share in July, down from 17.1% year on year.
“Ongoing global supply chain issues, predominantly the lack of semiconductors, continued to frustrate order fulfilment, exacerbated by Covid lockdowns in key manufacturing and logistics centres in China, plus disruption from the war in Ukraine, all of which restricted production output and thus supply into the UK new car market.” .
No mention here of the UK experiencing the highest inflation since the 1970s, caused largely by energy and food supply issues. This is causing economic uncertainly and dampening consumer confidence, as well as the noted effects on supply chains.relatively attractive . It’s hard to say what’s behind the drop in PHEV sales and share ; whether due to supply or demand.
BEVs however are still growing at a decent clip in both volume and share. There’s also still a long order backlog for the most popular BEVs, which will keep their sales moving in the months ahead, to the extent that disrupted supply chains can keep up. What are your thoughts on the UK’s auto market in the months and years ahead? Please join in the discussion in the comments section below.
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