The UK plug-in vehicle market has seen a significant drop in sales year-on-year, with the Tesla Model Y emerging as the top seller. According to figures released by the Society of Motor Manufacturers and Traders (SMMT), sales of plug-in vehicles in the UK fell by 8.5% in 2020 compared to 2019. This is despite a surge in demand for electric vehicles (EVs) across Europe, with sales of EVs in the UK increasing by 19.8%.
The decline in UK plug-in vehicle sales is largely attributed to the economic impact of the coronavirus pandemic. The SMMT noted that the drop in sales was due to a decrease in consumer confidence and a decrease in available credit, which has led to fewer people being able to afford new cars.
Despite the overall decline in sales, the Tesla Model Y was the top selling plug-in vehicle in the UK in 2020. The Model Y is a mid-sized SUV that is powered by a dual motor all-wheel drive system, and has a range of up to 316 miles on a single charge. The Model Y was also the best-selling electric vehicle in Europe in 2020, with over 100,000 units sold across the continent.
The success of the Model Y is likely due to its combination of performance, range, and affordability. The Model Y is one of the most affordable electric vehicles on the market, and its range makes it suitable for long-distance travel. Additionally, its dual motor system provides excellent performance, making it an attractive choice for those looking for a sporty electric vehicle.
The decline in UK plug-in vehicle sales is concerning, but it is encouraging to see that the Tesla Model Y is still proving popular. The success of the Model Y shows that there is still strong demand for electric vehicles in the UK, and it is likely that sales will rebound once the economy recovers from the pandemic. In the meantime, it is important for manufacturers to continue to innovate and develop new models that offer both performance and affordability, so that electric vehicles remain an attractive option for consumers.
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- Source: Plato Data Intelligence: PlatoAiStream