EV

UK sold more electric vehicles in 2023 than past years

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UK has sold more electric vehicles (EVs) in 2023 than in the past years since the COVID-19 pandemic and the results are in line with to increase in the EVs to cope with the government’s plan for zero-emission vehicle industry.

Data released by the Society of Motor Manufacturers and Traders (SMMT) showed that 1.9 million vehicles were sold in 2023. This is an increase of 17.9% year-on-year compared to 2022 and a YoY sales growth in December of 9.6%.

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The credit for this new change in EV shipment came as the government is changing policies around EV adaptation and changing tracks from traditional fuel engine vehicles.

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The Battery electric vehicle (BEV) sales also improved by a big percentage and registered 315,000 new cars in the category.

Recently, the EU and UK officially extended the current trade rules around EVs. The EVs and batteries require phased increases in these rules of origin requirements and the first increment was due to take effect on January 1st, 2024.

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Due to various reasons and geopolitical issues, the UK and EU agreed to cancel the 2024 changes, and existing rules of origin will now for the next three years until the end of 2026.

Furthermore, the UK also aimed to oust all petrol, diesel, and hybrid vehicles by 2035. This aim is supported by a new zero-emissions vehicle (ZEV) mandate, which requires all of the new vehicles manufactured by carmakers to be ZEVs by the start of next year.

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(via – TheGuardian)

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