Bridgestone: 20% of OE deals EV tyres by 2024
The past two years have given plenty of reason to be optimistic about the speed of the electrification of the car parc. In the UK plug-in electric vehicle sales have grown market share quickly, rising to 18.5 per cent of new car registrations in the UK in 2021, according to figures from the Society of Motor Manufacturers and Traders. Add in hybrids, and this figure was over a quarter (27.5 per cent) last year. The new car market has faced severe headwinds with component shortages and other effects of the pandemic, leading to only one percent growth compared to the year of the most severe pandemic restrictions in 2020. Meanwhile EVs have benefitted from favourable consumer perception and government-backed schemes, leading to growth where other segments have faltered. With schemes due to expire and bottlenecking in the rollout of chargepoints, there could be more turbulence for new EV sales coming, yet current projections show that confidence in the EV segment is relatively high.