The automotive industry is critical to the efficient running of the country’s private and commercial vehicles – it literally keeps the wheels of industry turning.
The increasing numbers of electric and hybrid vehicles in the national fleet has been a major development for the automotive industry over recent years.
In 2018, just over 1 per cent of all new cars registered were electric. In 2023, the market share (determined by new car registration) of battery-electric, plug-in and hybrid cars was almost 45 per cent. This growth corresponds with a decline in demand for petrol-only cars.