Electric car sales soar ahead of pay-per-mile tax raid [Yahoo! Finance]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Yahoo! Finance
The number of EVs sold last year grew by 26pc, with a record 499,000 battery-powered and hybrid cars sold overall, according to data from Benchmark Minerals Intelligence. The surge is the highest rate of annual growth since 2022. Charles Lester, from Benchmark, said sales had been boosted by government subsidies – like the EV grant scheme and the zero emission vehicle (ZEV) mandate – with manufacturers under pressure to hit electric car sale quotas to avoid fines. He said: “A big driver of this is the ZEV mandate. But then, also towards the latter half of 2025, we saw battery electric vehicles added to the list of vehicles that can get a subsidy.” Mr Lester added: “What we're expecting in 2026 is for those subsidies to drive sales further.” The rise comes despite fears that a 3p per-mile-tax on EVs announced by Rachel Reeves in November will put off potential buyers, with the Office for Budget Responsibility (OBR) estimating it would lead to 440,000 fewer sales in the next fi
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