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Investment into alternative fuel can offer glimmer of hope as car market declines again

07 August 2019
Jonathan Moss, head of the Transport sector at global legal business DWF comments on the latest SMMT figures for July 2019:

"The latest release from the Society of Motor Manufacturers and Traders (SMMT) shows once again a market in turmoil with the new car market declining by -4.1% to 157,198 registrations. 

"However the figures also demonstrate that while diesel cars have continued to depreciate in popularity, low emission hybrid electric cars increased by 34.2%, with 7,758 new car registrations and battery electric vehicles rose by 158.1%, offering a glimmer of positivity to the car industry. 

"Despite their relatively small market share, the uptick in sales of AFVs is a welcome development, particularly following the dip reported in last month's figures for AFVs. To ensure continued growth, long term investment incentives for car manufacturers are needed as well as innovative plans focusing on more R&D for alternative fuel transportation."

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