Hello and welcome back to The Fast Charge, a weekly British EV newsletter.
In this morning’s edition… EV sales are up, PHEV sales are down, and Tesla delivers huge orders while its competitors struggle.
As ever if you have any questions or comments, please do drop me a line (tomrileylondon@gmail.com) or simply reply to this email.
In the last week…
CAR SALES: New figures out this morning from the Society of Motor Manufacturers and Traders (SMMT) have revealed the weakest sales for March in the UK since 1998. However, EVs provide hope as their sales were up by 79% compared to this time last year (39,315 last month compared to 22,003 in March 2021). In total, year-on-year EV sales are up 101%. According to Auto Trader, the rate of EV sales is now “even stronger” in part due to huge fuel costs. The overall cause of low car numbers leaving showrooms this month is likely the cost of living crisis and continued semiconductor shortage. Elsewhere, an interesting outtake from SMMT’s data, it seems…
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