Engerati | European electric car sales are predicted to triple by the end of 2020

Electric car sales are expected to be triple what they were in 2019 by the end of 2020 in Europe. Our research into the Society of Motor Manufacturers & Traders (SMMT) vehicle registration data suggested Covid-19 could positively impact future EV sales in the UK.

Battery electric vehicles (BEVs) in 2020 have already grown 76.1% on the whole of 2019. SMMT recorded the lowest September car sales this century at 328,041 vehicles, down 4.4% on September 2019. Despite this, BEV September registrations reached 21,903 vehicles, almost double the previous record of 11,694 vehicles in March 2020.

During Covid-19 lockdown there has been a backlog of already ordered vehicles that will have contributed to this increase. It is also likely that EV sales have been bolstered over the summer months by pent-up demand.

However, this is not the only factor allowing us to see such a growth in BEV sales, with the Benefit in Kind company car tax change, making BEVs more financially attractive.

Katie Hickford, Analyst