October marks the third consecutive month that electric vehicle (EV) sales have hit the 20% mark and places the car industry well above the 2024 targets set by the UK’s Zero Emission Vehicles (ZEV) mandate, according to New AutoMotive.
According to its latest Electric Car Count, EVs represented the fastest-growing fuel category of the month, accounting for a 20.8% market share. (SMMT figures: 20.7%).
Petrol and diesel vehicle sales continued to decline, representing less than 40% of the market for the second month straight. The petrol market alone has fallen by 14% compared to the first 10 months of 2023, even as the broader car market has grown by 3.5% during the same period.
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