UK car registrations are expected to hit two million this year, reflecting improving confidence in the market despite weaker expectations for electric vehicle demand, the Society of Motor Manufacturers and Traders said Tuesday.
Total new car registrations are expected to rise 3.6 percent to 2.093 million in 2026, up from January's 2.048 million outlook. However, the outlook for the battery electric vehicle share was downgraded to 26.8 percent from 28.5 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.