Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said:
"The strong growth in new car registrations in August is another encouraging sign for the UK automotive market. Despite continued pressure on household budgets, consumers are still demonstrating a willingness to invest in newer vehicles, supported by greater choice, competitive pricing and improving consumer confidence.
"While potential changes to the UK zero emission vehicle mandate remain on the cards, consumers continue to carry momentum in the transition to electric. As manufacturers bring more affordable models to market at pace, and consumers become increasingly comfortable with the new technology, demand is expected to strengthen further. However, maintaining this trajectory will require ongoing investment in charging infrastructure and continued efforts to make electric vehicles accessible to a broader range of buyers. Further clarity on long term policy will help to support the wider sector, particularly the used car market, to create certainty around affordable supply."
ENDS
About Deloitte
In this press release references to Deloitte are references to Deloitte in the United Kingdom. The information contained in this press release is correct at the time of going to press.
In the United Kingdom, Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.
Deloitte LLP’s affiliate (Deloitte Management Services Limited) is a shareholder in Deloitte EMEA BV (Deloitte EMEA). Deloitte EMEA is a member firm of Deloitte Touche Tohmatsu Limited (DTTL). DTTL and Deloitte EMEA do not provide services to clients. Services may be provided by other Deloitte entities within the global network of member firms, each of which are separate and independent legal entities. Please see www.deloitte.com/about to learn more about our global network of member firms.