By Ian Walker
U.K. car registrations plunged 29% in 2020 to the lowest level since 1992, an industry body said Wednesday.
The Society of Motor Manufacturers and Traders reported that registrations of new vehicles fell by 680,076 units to 1,631,064 against the backdrop of coronavirus-related restrictions, an acceleration of the end of sale date for petrol and diesel cars to 2030 and Brexit uncertainty.
Chief Executive Mike Hawes called it a "lost year" for the sector, but hoped 2021 will see a recovery driven by the rollout of vaccines and clarity over the country's relationship with the European Union.
On the bright side, the SMMT highlighted a strong increase in demand for eco-friendly cars. Registrations of battery-electric vehicles more than doubled to 108,205 units, and plug-in hybrids soared 91% to 66,877 during 2020. The combination of both categories expanded its market share to almost 11% in the year.
"With manufacturers bringing record numbers of electrified vehicles to market over the coming months, we will work with government to encourage drivers to make the switch, while promoting investment in our globally-renowned manufacturing base," Mr. Hawes said.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
01-06-21 0447ET
