Industry trade body expresses ‘overriding concern’ as forecast for electric car sales drops

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The Society of Motor Manufacturers and Traders (SMMT) has revised its forecast for electric car sales in the UK this year, citing weaker demand as the reason for the change. According to the trade body, pure electric vehicles are now expected to hold an 18.5% market share in 2024, down from the previous estimate of nearly 20%. Mike Hawes, the SMMT’s chief executive, expressed concerns over the…

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