American EV giant Tesla Inc. witnessed a significant increase in new car registrations in the UK in February, with 3,852 new registrations, marking a 21% growth from the corresponding month of 2024.
What Happened
According to data from the Society of Motor Manufacturers and Traders (SMMT), Tesla registrations rose, as did overall battery electric vehicle registrations. Some key highlights include:
- BEV registrations jumped by nearly 42% last month
- BEV registrations grabbed a nearly 25% market share
- Petrol and diesel vehicle registrations fell 17% and 15%, respectively
- Overall, new car registrations fell by 1% to 84,054 units
Top Car Brands and Models in the UK
The most popular car brand in the UK continued to be Volkswagen in February, seconded by BMW. While over 8,000 vehicles of Volkswagen were registered, BMW registrations in the month neared 5,000 units. The top car model in February was the Mini Cooper, followed by the Tesla Model 3 and Model Y.
Why It Matters
The rise in registrations for Tesla in February follows a slump in January in both the EU and the UK. Tesla witnessed a drop of over 50% in new car registrations in January, despite battery electric vehicle registrations rising during the period. In the UK, Tesla had 1,458 registrations in January, down from the 1,581 registered in the corresponding month of 2024.
Key Statistics
- 3,852 new Tesla car registrations in the UK in February
- 21% growth from the corresponding month of 2024
- 42% increase in BEV registrations last month
- 25% market share of BEV registrations
- 17% and 15% fall in petrol and diesel vehicle registrations, respectively
Conclusion
The surge in Tesla registrations in the UK in February is a positive sign for the American EV giant, following a decline in January. With the rise of battery electric vehicle registrations, Tesla is well-positioned to capitalize on the growing demand for eco-friendly vehicles.