Electric car sales in UK surge tenfold since Covid pandemic

Written By Joe Fogel

New research from Volkswagen Financial Services UK shows a huge post-pandemic demand for electric cars, with annual finance cases for electric vehicles (EVs) rocketing a massive 1062% from July 2019 to July 2022

Furthermore, the percentage of electric vehicles financed by the car finance company as a proportion of all vehicles in its parc has increased from one percent in 2019 to seven percent this year.

This trend is all the more impressive considering the level of volatility the automotive industry has faced in recent times. EV sales have increased despite of Brexit, the Covid-19 pandemic and the semiconductor shortage.

Joe Fogel https://www.hgdevelopments.co.uk
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