The UK auto market saw plugin electric vehicles take 27.7% share in November, down from 28.1% year on year.
Some of these moves may be temporary ones, based on batch manufacturing of RHD variants of models for the UK, and thus shipment irregularities. If RHD batch manufacturing comes less frequently than once per 3 months, market share will take an occasional dive. We thus can’t necessarily read too much into the results, but it’s clear that the Tesla brand for now maintains a crushing lead in the UK BEV market.
BMW saw good growth, climbing from 5th place to 3rd, and from 8.7% share, to 12.5%. Hyundai Motor Group reduced share dramatically, from 16% to 9.7%, and fell from 3rd to 5th. Stellantis reduced share from 14.2% to 9.5%, and dropped from 4th to 5th. They also urge government measures to encourage more investment in EV changing networks, to encourage more EV adoption in the years ahead., including a continuing fall in consumer spending. On the bright side, the CBI expects that inflation has now peaked at 11.1% and may fall from now on, though will remain near 4% over the course of 2023.“Britain is in stagflation – with rocketing inflation, negative growth, falling productivity and business investment.
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