The UK new car market fell by almost a third (-29.4%) in 2020, with annual registrations dropping to 1,631,064 units, the lowest total since 1992. In contrast, registrations of electrified vehicles bucked the wider trends and reported record volumes and market shares, largely due to a surge in new product offerings.
In 2020, battery electric vehicle (BEV) registrations rose by 185.9% to 108,205, to take a 6.6% share of the market (from 1.6% in 2019). This increase was reflected in a 44% increase in the number of BEV models available on the market. In the same period, plug-in hybrid electric vehicle (PHEV) registrations increased by 91.2%, after the number of models offered rose by more than 90% to 66,877 units and a 4.1% market share. Hybrid electric vehicles (HEVs) have seen a 12.1% rise in registrations in 2020 to push their market share from 4.3% to 6.8%. Mild hybrid electric vehicle (MHEV) registrations took an 11.0% share of the
market in 2020.