The UK electric vehicle market rebounds strongly, with Tesla's sales surging 14% in June
With the electric vehicle market rebounding, Tesla's sales in the UK in June increased by 14% year-on-year, reaching 7,719 units. Although sales are still below pre-pandemic levels, this marks the best June performance since 2019. The demand for pure electric vehicles surged by 39%, becoming the main driver of growth. The SMMT report indicates that the growth of electric vehicles relies on industry subsidies and promotions. Tesla's cumulative sales have declined by nearly 2% this year, while BYD's sales have surged nearly fourfold. Future growth will depend on the popularization and upgrading of charging facilities
According to the latest data obtained by Zhitong Finance APP, as the overall electric vehicle market rebounds, Tesla (TSLA.US) saw a year-on-year increase in new car sales in the UK in June. The American automaker began delivering the upgraded Model Y last month.
The Society of Motor Manufacturers and Traders (SMMT) reported that new car registrations in the UK increased by 6.7% year-on-year to 191,316 units in June, with demand for pure electric vehicles being the main growth driver. Although sales are still below pre-pandemic levels, it marked the best June performance since 2019. The data showed that demand for pure electric vehicles surged by 39% year-on-year to 47,354 units, with one in four car buyers choosing electric vehicles.
"However, the current growth of electric vehicles still relies on substantial industry subsidies, and manufacturers are stimulating sales through omnichannel promotions and unsustainable discounts, which remain below the levels required by policy," said SMMT CEO Mike Hawes in the report.
According to SMMT statistics, Tesla's sales in June reached 7,719 units, a year-on-year increase of 14%. In contrast, data released earlier by research firm New AutoMotive indicated a growth rate of 12%, with sales at 7,891 units. The two organizations reported different statistics due to variations in data sources and calculation methods.
New AutoMotive noted that despite the strong performance in June, Tesla's cumulative sales in the UK this year have still declined by nearly 2%, while its Chinese competitor BYD (01211) saw sales surge nearly fourfold to 2,498 units.
The agency also pointed out that in the first half of 2025, Ford Motor Company (F.US) will lead the market in electric vehicle sales growth in the UK, with an increase of over four times year-on-year.
Jamie Hamilton, Deloitte's automotive partner and electric vehicle leader, stated, "Future growth in the industry will depend on the proliferation and upgrading of charging facilities, which is key to driving electric vehicles into the mainstream."
It is understood that the US-UK trade agreement that came into effect this week has reduced tariffs on certain UK imports, with tariffs on UK automotive exports to the US dropping from the previous 27.5% to a quota rate of 10%
