5.1.2017Electric car market up 30% in 2016
The electric car market has seen another year of significant growth in 2016, after Society of Motor Manufacturers and Traders registration figures show that sales of Plug-in Car Grant (PiCG) models increased 31.4% compared to 2015.
Helping drive the market forward is the continued high sales of PHEVs, with 2016's registrations totalling 26,643, up 41.9% against 2015's figures.
EVs haven't performed badly either, with 3.3% growth vs 2015 thanks to sales of 10,264 in 2016 - ahead of both petrol and diesel growth of 2.7% and 0.6% respectively.
In total, 35,447 PiCG eligible cars were registered in 2016, representing 1.3% of sales, with the UK car market seeing the highest ever numver of registrations in the past 12 months, at more than 2.69 million units, the fifth fifth consecutive year of growth.
These year end figures are more impressive considering that December 2016 was a poor month by electric car sales standards. Registrations were -7.5% for PiCG eligible cars compared to Dec 2015, with pure EVs down almost a quarter at -23.7%. Even PHEV growth of 12.5% is low compared to the average seen throughout the year.
However, last year's December EV registrations were particularly strong, and the plug-in market share for the month is 1.6%, the second highest ever behind December 2015's record of 1.7%.
Average monthly PiCG registrations for 2016 ended up at 2,950 units, with the annual average market share of 1.3% ahead of 2015's 1.1%.