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New Car Sales by Fuel Type
by aaaa710
(Source: VFACTS)
The 2022 result saw all fuel types except petrol post sales increases. This demonstrates that at this moment in time, EV and Hybrid sales are primarily replacing petrol alternatives. Looking to the future, this will change as more electric Light Commercial options are brought to market, with Diesel then also likely to face declining sales
Looking at EV sales, whilst the fuel category continues to see rapid growth (549% YoY), it sill only accounts for 3.1% of total sales (excluding PHEV). Despite this, factors such as government incentives, charging infrastructure and public awareness will all lead to this figure to grow year on year for the foreseeable future.
With that said, EV sales are expected to lag Hybrid vehicle sales over the short to medium term.
