UK’s Petrol and Diesel Sales Eroded as Electric Vehicles Make Inroads
Electric vehicle adoption is increasingly eating into road fuel demand around the world.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Surging electric vehicle sales are helping to darken the outlook for road fuel demand in the UK.
While the nation’s automakers reported their worst overall sales year in three decades in 2022, electric vehicles bucked the trend with shipments surging 40% from a year earlier. That drove up their share of the nation’s new-car market to 17% from 12%, data from the Society of Motor Manufacturers and Traders show.