Electric vehicle (EV) sales reached record levels during lockdown. June saw the second-highest month of EV registrations ever recorded, with 8,903 new vehicle registrations.
Resilient demand for EVs appears to be driven by four key factors.
From 6 April, changes to the Benefit in Kind company car tax means zero-emission vehicles pay no tax in 2020-2021, providing an incentive for businesses to transition their fleets.
Also, there have been changes to the Plug-in grant in the March 2020 Budget, meaning that hybrid cars with fewer than 70 zero-emission miles are no longer eligible for funding.
Katie Hickford, Analyst
