Deloitte comments on SMMT car reg figures for February 2025

Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said:

“A slowing in vehicle production and weaker consumer demand in UK and Europe has led to another dip in vehicle sales in February. This will further compound pressures for manufacturers who are already facing cost increases due to National Insurance Contributions. However, it’s encouraging to see the continued growth of battery electric vehicles increasing market share.

“Pent up demand for the ’25 plate and ongoing incentives should provide a boost to new car registrations in March but wider economic pressures could temper expectations.

"There is hope that the government's recent consultation on the Zero Emission Vehicle Mandate will deliver clarity for the industry. However, successfully navigating the next phase of the mandate and beyond will require a coordinated approach - manufacturers, charging point operators, finance providers, and government bodies must be enabled to work together in addressing the remaining barriers to EV adoption. This will ensure a smooth transition to a cleaner, more sustainable future for the UK automotive sector."

ENDS