Dec 4 (Reuters) - Britain's new car market is expected to fall by around 1% in November, ahead of the UK's budget which introduced new taxes on electric cars from April 2028, according to preliminary
UK Car Market Faces Slight Decline in November, SMMT Data Shows
Dec 4 (Reuters) - Britain's new car market is expected to fall by around 1% in November, ahead of the UK's budget which introduced new taxes on electric cars from April 2028, according to preliminary industry data released on Thursday.
Electrified vehicles are set to mark their third consecutive month with over 50% share of the total vehicle market, although EV uptake records its weakest growth in almost two years, data by the Society of Motor Manufacturers and Traders (SMMT) showed.
The final figures for November will be published at 0900 GMT.
Britain will levy a pay-per-mile tax on electric and plug-in hybrid vehicles from April 2028, Finance Minister Rachel Reeves said in her budget in the previous week, to offset some of the fuel duty revenue that will be lost as drivers switch to cleaner cars.
(Reporting by Nishara K.P in Bengaluru)
