Year on year growth for battery electric vehicles

The latest Society of Motor Manufacturers and Traders (SMMT) new car market data for January brings encouraging news! Battery electric vehicle (BEV) registrations have grown by an impressive 41.6% year-on-year, now making up 21.3% of the market. 🚀 While there’s still progress to be made to meet future targets, this continued growth shows that more drivers and businesses are making the switch to electric.

So, what does this mean for the EV industry, and how do we keep up the momentum?

More Drivers Are Choosing Electric
Despite economic challenges, EV adoption is moving in the right direction. The rise in BEV registrations reflects growing consumer confidence, but affordability remains a key barrier for many. With the Vehicle Excise Duty ‘Expensive Car Supplement’ (ECS) set to apply to EVs from April, there are concerns about its financial impact on buyers. However, the arrival of more budget-friendly EVs – like the upcoming Renault Group Renault 5 – could make switching to electric more accessible.

Charging Infrastructure is Key
As EV adoption accelerates, reliable, convenient, and ultra rapid charging is more crucial than ever. That’s why we’re committed to installing 10,000 charge points by 2030, ensuring drivers – whether commuting, managing fleets, or travelling long distances – can charge with ease, wherever they are.

Looking Ahead
With continued investment in EV infrastructure and technology, the transition to electric is becoming more seamless. At InstaVolt, we’re playing our part by rolling out more ultra rapid charging hubs across the UK, giving businesses and drivers the confidence to make the switch.