Electric vehicles roar up Britain's sales rankings
EV sales are rising in the UK as political changes in Europe help fuel the transition away from fossil-fuel engines
Sales of hybrid and electric vehicles in the UK hit a record high in May as buyers turned their back on diesel cars. Data for May released by the Society of Motor Manufacturers and Traders (SMMT) this week showed that 11,240 units were sold last month, a 38% increase on 2017, while the market share for EVs and hybrids also increased to 5.8% on the previous year's figure of 4.4%. So far, in the first five months total sales are at 57,000, representing a rise of 19.5%. Political shifts in Western Europe in recent weeks are also expected to support momentum towards faster adoption of electric vehicles. The populist Five Star Movement that has become the majority partner in a new Italian coali
Also in this section
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
