Home » Market News » DirectorsTalk Highlights » Electric vehicle sales surge in UK as fuel prices rise
Ilika Plc

Electric vehicle sales surge in UK as fuel prices rise

Sales of electric vehicles reached a record high last month, accounting for one in every 12 new cars purchased in the UK.

The Society of Motor Manufacturers and Traders said hybrid, plug-in hybrid and pure electric cars made up 8% of the overall market.

The number of total vehicles registered was up 23% on the same period in 2017.

But SMMT’s chief executive warned “it would be wrong to view the market as booming”.

 

Ilika plc (LON: IKA) is a pioneer in materials innovation and has been inventing new materials for energy and electronics applications for over a decade, including in automotive, aeronautical and electronic components sectors. Global brands such as Rolls Royce and Toyota have long term collaborations with Ilika’s development teams.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.