“The yearly decline in new car registrations reflects the current challenges the UK automotive sector faces, with economic uncertainty continuing to weigh on consumer confidence. While EV adoption maintains steady growth, private buyers remain cautious. This highlights the pressing need for significant support and incentives to accelerate adoption, especially as new consumer data from Cox Automotive and Regit highlights that 86% of drivers don’t think there are sufficient incentives to support EV adoption in the UK. The industry has made significant investments to drive the shift, yet many consumers still need reassurance on affordability and infrastructure before switching.
Philip Nothard - Insight & Strategy Director
Updated: 10/02/25