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11.11.2024
Hot Selling 26 Gauge G350 G550 Dx51d Z100 Gi Coil Zinc Coating Galvanized Prepainted Hot Dipped Galvanized Steel Coil
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Angel Bar Hot Rolled carbon Steel 50*50*5 Q235 Q345C St235jr grade angle iron ASTM Equal and Unequal Angle Steel
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High quality C75200 C7521 BZn18-18 Nickle silver bar zinc copper rod
07.11.2024
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Galvanized Steel Sheet 12202440 MM Galvanized Steel Plate Galvanized Sheet Steel Gl Plate Hot Sale
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ASTM A36 SS400 Q235B Q355B ST37 S235JR S355JR Steal Wear Sheet carbon steel plate
Battery Metals
- United Kingdom -

UK March EV Sales Remain Sluggish Due to Weak Private Demand

UK EV sales in March were driven by fleet demand, despite a decline in private car sales compared to the same period last year. The Society of Motor Manufacturers and Traders (SMMT) reported that sales of hybrid EVs, plug-in hybrid EVs, and battery EVs all increased in March, with firms' fleet sales up by 29.6% on the year and consumer sales down by 7.7%. However, market participants have downplayed the results for the EV market, citing weak private demand and a focus on the growing second-hand market. The average price of BEVs is typically higher than the average price of all cars, which has impacted consumer demand despite carmakers' attempts to cut prices. The UK government has been urged to introduce incentives for private buyers, such as temporarily halving VAT on EV sales, to support the transition to electric vehicles. Despite the challenges, total new car registrations in March increased to 317,786, the highest since 2019, and aggregate car sales have continued to edge up year-to-date. Chinese electric carmaker BYD has also begun to establish a presence in the UK market, with sales in March jumping to 759 from 34 units a year earlier.

Chinese EV and Battery Producers Remain Cautiously Optimistic Amid Trump’s Second Presidency

Japan's Electric Vehicle Sales Plunge for Twelfth Month as Domestic Demand Wanes

DOE Allocates $44.8 Million for Electric Vehicle Battery Recycling Projects to Enhance Domestic Supply Chain

Weak Demand for Graphite Fines Leads to Supply Tightening of Large Flake Graphite in China

Eramet Reclaims Full Ownership of Centenario Lithium Project in Argentina for $699 Million

Farasis Energy and JMEV Partner to Advance Solid-State Battery Technology for Electric Vehicles

Copper Demand in Electric Vehicles Expected to Surge Despite Efficiency Cuts

CME Group to Launch China Spodumene Futures Contract

Middle Eastern Steelmakers Accelerate Green Steel Initiatives

Fastmarkets Proposes Discontinuation of Technical Grade Lithium Hydroxide Price Assessment Due to Market Illiquidity

SK On Implements Voluntary Redundancy Programs Amid Declining EV Demand

Global EV Tariff Tracker 2024 Reveals Complex Import Duties Landscape

China's Lithium Hydroxide Production Declines 3.4% in August

POSCO Invests $40 Million in Tanzanian Graphite Mine to Secure Supply for EV Batteries