EV - UK Car Sales Leap 28% in January Thanks to Surging Electric Vehicles Demand

UK car sales jumped 28% in January 2022, the biggest rebound in seven months thanks to rising demand for battery-powered vehicles. According to the Society of Motor Manufacturers and Traders, one in five buyers opted for a car with a battery, with shipments of fully electric vehicles more than doubling and plug-in hybrids rising 47%. Globally, EV sales are continuing to rise in 2022 after more than tripling their market share between 2019 to 2021. The increased adoption of electric vehicles in the UK and across the world is beneficial for companies like EV Technology Group (NEO: EVTG), ...