What happened: Battery electric vehicle (BEV) sales in the UK rose nearly 60% in April, pushing total electric car registrations past 2 million. However, the Society of Motor Manufacturers and Traders (SMMT) warns that inflation and energy price increases linked to the Iran war could slow this growth.
Why it matters:
- Rising costs may reduce consumer demand for electric vehicles, affecting the automotive market.
- Higher energy prices impact both manufacturers and drivers, potentially slowing the transition to cleaner transport.
MNN Take: While electric car sales are growing strongly, external economic pressures like inflation and energy costs could limit further expansion. The industry remains cautious about how geopolitical events might influence consumer behaviour.
Sources: Guardian UK