Smart Energy International | Could COVID-19 positively impact future EV sales?

Our research into the Society of Motor Manufacturers & Traders (SMMT) vehicle registration data shows battery electric vehicles in 2020 have already grown 76.1% on the whole of 2019.

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

Smart Energy International