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Deloitte comments on SMMT November car registration figures

05 December 2023

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

“In a month where we’ve seen significant announcements in the UK supporting electric vehicle (EV) production, the decline in sales of battery electric vehicles in November is a reminder that we also need to think about demand and the underlying charging infrastructure that’s required for consumer adoption.

“More clarity on residual values and better second hand car market for EVs will also help boost demand for new cars.

“Despite the decline in sales of EVs in November, year-to-date sale of EVs have remained strong and it is encouraging to see major manufacturers step up to the plate and show increasing confidence in the sector through new investment in EV production.

“The announcement in the autumn statement of £2billion in grants for the auto industry should also give manufacturers further confidence in the sector. This long-term commitment provides certainty to markets and will boost investment in UK manufacturing of zero emission vehicles, batteries and the supply chain.”