Finance

Electric vehicles drive UK new car market to best September since 2020

Published by Global Banking & Finance Review

Posted on October 4, 2025

1 min read

· Last updated: March 1, 2026

Add as preferred source on Google
Moldovan anti-government protests funded by Ilan Shor - Global Banking & Finance Review
The image illustrates the ongoing anti-government protests in Moldova, where fugitive tycoon Ilan Shor offers $3,000 monthly to participants. This controversial move aims to destabilize the pro-European government ahead of elections.
Global Banking & Finance Awards 2026 — Call for Entries

(Reuters) -Britain's new-car market logged its best September in five years, industry data showed on Saturday, as the crucial "new numberplate" month delivered record electric-vehicle uptake after a

UK New Car Market Sees Record September Boost from Electric Vehicles

Electric Vehicles Transforming the UK Car Market

(Reuters) -Britain's new-car market logged its best September in five years, industry data showed on Saturday, as the crucial "new numberplate" month delivered record electric-vehicle uptake after a summer slowdown.

September Registration Statistics

The strong September performance, which typically accounts for about one in seven annual registrations, offers a boost to Britain's automotive sector as it races to meet government targets for electric-vehicle adoption amid concerns over weak private-buyer demand.

Impact on the Automotive Sector

UK new car registrations rose 13.7% in September to 312,887, with electrified vehicles making up more than half of the registrations for the first time, according to preliminary figures from the Society of Motor Manufacturers and Traders (SMMT).

Insights from Industry Leaders

"Electrified vehicles are powering market growth after a sluggish summer," SMMT Chief Executive Mike Hawes said in a statement, adding that the Electric Car Grant would help break down affordability barriers for drivers.

A report from New AutoMotive published on Friday showed nearly flat year-on-year growth for Tesla in the UK.

(Reporting by Yamini Kalia in Bengaluru; Editing by Tasim Zahid)

Key Takeaways

  • UK car market saw best September in five years.
  • Electric vehicles accounted for over half of new registrations.
  • September is a crucial month for new car registrations.
  • Government targets are pushing electric vehicle adoption.
  • Tesla showed nearly flat year-on-year growth in the UK.

Frequently Asked Questions

What is an electric vehicle?
An electric vehicle (EV) is a type of vehicle that is powered entirely or partially by electricity, using electric motors instead of traditional internal combustion engines.
What is the Society of Motor Manufacturers and Traders (SMMT)?
The Society of Motor Manufacturers and Traders (SMMT) is a UK trade association that represents the automotive industry, providing insights and statistics on vehicle registrations and market trends.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category