Electric Vehicle Sales Surge Amid Significant Price Cuts

Discounting drives a 24.5% increase in EV sales despite a 6% overall decline in the UK car market.

Electric vehicles were the only segment to see sales growth in October, with a year-on-year increase of 24.5%, while overall car sales fell by 6%.
Heavy discounting by manufacturers, averaging £5,500 per car, has made one in five EVs cost-competitive with petrol equivalents.
Petrol and diesel vehicle sales plummeted by 14% and 20.5% respectively, as manufacturers focus on meeting government zero-emission targets.
The UK's zero-emission vehicle (ZEV) mandate requires 22% of new car sales to be electric this year, rising to 28% in 2025.
Despite Tesla's sales drop, BMW and other brands are gaining ground, with the UK poised to become a leading market for EVs in Europe by 2025.