UK Registered An EV Every 60 Seconds In July As Tesla Slips In Bestseller Rankings
Portfolio Pulse from Anan Ashraf
The UK registered an electric vehicle every 60 seconds in July, with registrations jumping 87.9%, according to the Society of Motor Manufacturers and Traders (SMMT). Gas vehicles remain the most popular fuel choice. The Ford Puma was the bestseller last month, while Tesla's Model Y was the tenth bestseller. SMMT expects the popularity of EVs to further accelerate, reaching one BEV registered every 50 seconds by year-end.
August 07, 2023 | 1:24 pm
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POSITIVE IMPACT
Ford's Puma was the best-selling vehicle in the UK in July, indicating strong demand.
The news of Ford's Puma being the bestseller in the UK in July indicates strong demand for the vehicle, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla's Model Y was the tenth best-selling vehicle in the UK in July, indicating a slip in its ranking.
The news of Tesla's Model Y slipping to the tenth place in the UK's bestseller rankings in July indicates a decrease in demand for the vehicle, which could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80