UK new car sales hit four year high as electric vehicle demand soars

• The UK's new car market recorded its best month for registrations since 2019, with 380,627 vehicles registered in March, a 6.6 per cent increase year-on-year.
• Growth was primarily driven by a 10.1 per cent rise in retail registrations from the private sector, alongside increases in fleet and business registrations.
• March also marked the best month on record for all types of electrified vehicles, with full electric vehicles reaching a new high of 86,120 registrations, up 24.2 per cent.
• Despite record electric vehicle sales, their market share of 22.6 per cent in March remains significantly below the 33 per cent Zero Emission Vehicle Mandate target for 2026.
• Conversely, demand for diesel cars continued to decline, falling by 11.4 per cent compared to the previous year.