Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

UK new car registrations jump as EV demand accelerates

(Sharecast News) - UK new car registrations rose sharply in August as demand for electric and hybrid vehicles strengthened, industry data revealed on Friday, although September is expected to provide a more meaningful test of underlying demand. According to the Society of Motor Manufacturers and Traders (SMMT), registrations increased 13.7% year-on-year to 94,236 units, marking a ninth consecutive month of growth and the strongest August since the introduction of the biannual number plate change.

Private registrations jumped 19.0%, while fleet demand rose 10.1%. Business registrations, which account for a much smaller part of the market, increased 14.5%.

Electrified vehicles recorded the strongest growth. Plug-in hybrid registrations surged 39.8%, battery electric vehicle sales rose 27.7%, and hybrids increased 26.3%.

BEVs accounted for 29.8% of the market during August, their second-highest monthly share of 2026, although the SMMT noted that August is traditionally a low-volume month and therefore tends to exaggerate percentage movements.

At the same time, petrol registrations fell 3.5% compared with last year, while diesel sales rose 4.0%.

Across the first eight months of the year, total new car registrations were up 9.8% at 1.39m, while BEV demand rose 28.6% and accounted for 25.6% of the market. That remained below the government's 33% headline zero-emission vehicle mandate target.

SMMT chief executive Mike Hawes said: "August was a bright spot for the new car market and another strong month for electric car uptake, showing that motorists are responding to the huge choice and compelling offers available. But August is a low-volume month, so September will be the acid test."

Share this article

Related Sharecast Articles

RBC Capital downgrades Lloyds to 'sector perform'
(Sharecast News) - RBC Capital Markets downgraded Lloyds Banking Group on Friday to 'sector perform' from 'outperform' and cut the price target to 115p from 124p.
Canaccord Genuity starts Pulsar Helium at 'speculative buy'
(Sharecast News) - Canaccord Genuity initiated coverage of Pulsar Helium with a 'speculative buy' rating and a 150p target price on Friday, noting the group was advancing a major primary helium resource at its Topaz project in Minnesota.
Nordex boosts guidance, shares charge ahead
(Sharecast News) - Shares in Nordex Group soared on Friday, after the European wind turbine manufacturer boosted annual guidance on the back of forecast-beating quarterly numbers.
Wise lifts full-year revenue outlook
(Sharecast News) - Wise lifted its full-year outlook for revenue growth on Friday as it posted a jump in second-quarter revenue.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.