Branch2 Intelligence
Electric car sales hit a seven-year high thanks to a surge in demand but still fall behind government targets
Key takeaway
UK electric car sales hit a seven-year high in June 2024, up 35% YoY with 30% market share.
- Step 11st-order: UK EV sales surge 35% YoY in June 2024, market share reaches 30%.
- Step 22nd-order: Higher EV adoption increases demand for charging points and grid capacity, straining infrastructure.
- Step 33rd-order: Traditional auto dealers face declining ICE vehicle sales, while EV manufacturers and charging firms benefit.
Source: This is Money
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