UK Starts 2022 Above 20% Plugin EV Share — May End Close To 50%

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UK Starts 2022 Above 20% Plugin EV Share — May End Close To 50%
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The UK saw plugin electric vehicle share hit 20.4% in January 2022, up from 13.7% in January 2021. Full battery electrics almost doubled their share year-on-year, to 12.5%.

Diesels continued their retirement walk, with just 5.2% share, from 12.3% year-on-year. Overall auto volumes recovered slightly from last year, but were still down by around a quarter from long term seasonal norms, at 115,087 units.January’s combined plugin result of 20.4% comprised 12.5% full battery electrics and 7.9% plugin hybrids .

Smoothing out the monthly variance, the trailing quarter’s plugin share stands at 27.1% . BEVs alone constitute over two-thirds of that, at 18.2% . Petrol-only powertrains had a slight reprieve in January, but have still lost a relative 10% of their share YoY . As diesels get out of the way, we can expect the continued growth of plugins to eat into petrol-only share ever more strongly over the next couple of years.

In a RHD market like the UK, there’s plenty of variability to monthly delivery shipments, across many brands, so the above shares alone don’t reliably indicate long-term patterns.

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