Electric Vehicles Drive Growth in UK and US Auto Markets in 2024

UK car registrations rose 2.6% while GM led US sales with a 4% increase, as EV adoption reached record levels in both countries.

The UK saw a 2.6% rise in new car registrations in 2024, driven by fleet purchases, while private buyer demand fell by 8.7%.
Electric vehicles (EVs) accounted for 19.6% of new car sales in the UK, with manufacturers meeting the government's 22% EV sales target under the Zero Emission Vehicle (ZEV) mandate.
General Motors (GM) topped US auto sales in 2024 with a 4% year-over-year increase, selling over 2.7 million vehicles, including 114,432 EVs—a 50% jump from 2023.
Chevrolet's Trax SUV and new EV models like the Equinox EV and Blazer EV contributed significantly to GM's strong performance, while Cadillac's EV sales surged with the Lyriq seeing a 210% increase.
Automakers in both countries face challenges in meeting ambitious future EV targets, with UK manufacturers calling for more government support and US brands scaling up EV production on new platforms.