Business
Electric car sales hit record high in September
Electric vehicle (EV) sales in the UK hit a record high last month, according to the latest industry figures.
Sales of pure battery electric vehicles (BEV) grew by almost a third to 72,779 in September, according to the Society of Motor Manufacturers (SMMT), while sales of plug-in hybrid cars grew even faster.
It means sales of fully electric or hybrid vehicles made up more than half of all new car registrations in the UK last month.
The SMMT said sales were driven by carmakers offering discounts, a larger choice of models, and the introduction of the government’s grant scheme.
While registrations of BEVs rose last month, the overwhelming majority – 71.4% – were bought by businesses or to be used in fleets.
However, the number of private buyers of fully electric cars has risen in the past year, and the SMMT said zero-emission vehicles now accounted for more than one in five (22.1%) new cars registered so far in 2025.
SMMT chief executive Mike Hawes said electrified vehicles were “powering market growth after a sluggish summer”.
Industry investment in electric vehicles was “paying off”, he said, despite consumer demand “trailing ambition”.
Mr Hawes added the government’s electric car grant scheme, in which eligible vehicles get a discount of up to £3,750 as part of efforts to encourage drivers to move away from petrol and diesel vehicles, would help “break down one of the barriers” holding back people making the switch.
Overall, the number of new vehicle registrations – 312,887 – marked the best performing September since 2020, which despite the Covid lockdown restrictions, remains the best so far this decade, according to the SMMT.
The strong month comes as the UK car industry navigates the economic impact of US tariffs and Jaguar Land Rover’s shutdown of production due to a major cyber-attack.
The Kia Sportage, Ford Puma and Nissan Qashqai were the best-selling cars in September, but two Chinese models including the Jaecoo 7 and BYD Seal U were in the top 10.
The government said more than 20,000 people had benefited from EV grants to date, which apply to models from several well-known brands such as Ford, Toyota, Vauxhall and Citroen.
Under the scheme, the discount applies to new eligible car models costing up to £37,000, with the most environmentally friendly ones seeing the biggest reductions. Some 36 models have been cleared for discounts of at least £1,500.
Ian Plummer, Autotrader’s chief commercial officer, said the grant scheme had given a “real lift to the market”.
“Since July, enquiries for new electric vehicles on Autotrader are up by almost 50%. For models eligible for the grant, interest has more than doubled.”
Business
Top stocks to buy today: Stock recommendations for April 24, 2026 – check list – The Times of India
Stock market recommendations: Bharat Electronics, and Colgate-Palmolive (India) have been recommended as the top stocks to buy today (April 24, 2026) by Bajaj Broking Research. Take a look at the target prices and expected returns:Bharat ElectronicsBuy in the range of ₹ 440.00-450.00
The stock is in structural up trend forming higher high and higher low in all time frame signaling strength and continuation of the uptrend. The entire up move of the last 8 months is in a rising channel as can be seen in the chart highlighting sustained demand at an elevated level.On the smaller time frame, the stock is at the cusp of generating a breakout above the bullish Flag like formation as post a sharp up move in the first 3 weeks of April the stock went into a consolidation phase in the last four sessions. It is seen resuming up move and is at the cusp of generating a breakout above the bullish Flag formation highlighting continuation of the up move and offers fresh entry opportunity.We expect the stock to extend the up move and head towards 495 levels in the coming months being the confluence of the 123.6% external retracement of the previous decline 473 – 400 and the upper band of the rising channel of the last 8 months.Colgate-Palmolive (India)Buy in the range of 2120-2160
The share price of Colgate-Palmolive has generated a breakout above bullish Flag pattern signaling continuation of the up move and offers fresh entry opportunity.We expect the stock to head higher towards 2330 levels in the coming months being the measuring implication of the bullish flag breakout.The daily 14 periods RSI is in buy mode thus supports the positive bias in the stock.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Business
Global stock markets are too high and set to fall, says Bank of England deputy
It is unusual for a senior figure at the Bank to be so forthright on market movements.
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Business
Consumer confidence falls as rapid price rises give households the ‘jitters’
Consumer confidence has fallen for the third consecutive month amid household “jitters” over rapid price rises, figures show.
GfK’s long-running consumer confidence index fell four points to minus 25 in April, following falls of two points and three points in March and February respectively.
The deepening concern was driven by perceptions of the UK economy, with a six-point slide in confidence for the next 12 months to minus 43, its lowest level since February 2023.
Confidence in personal finances over the coming year fell five points to minus four – one point lower than this time last year.
The major purchase index – an indicator of confidence in buying big ticket items – held steady, albeit at minus 18 but one point better than last April.
The only measure to improve was the savings index – often an indication that households are concerned about their finances and looking to build contingency funds – which is up five points to 32.
Neil Bellamy, consumer insights director at GfK, said: “Consumers really do have the jitters now.
“It is a year since we last saw a monthly drop of this size, and we have to go back to October 2023 to find the last time consumer confidence was lower.
“Everyone is grappling with rapid price rises, especially at the fuel pumps, which are taking a dent out of household budgets, and people know further price hikes are coming.
“Consumer confidence is deteriorating sharply, with fuel prices and threats of more energy price increases acting as constant reminders of inflation.
“While the Gulf crisis is intensifying pressures, much of the current strain reflects earlier domestic cost increases.
“How long can all this disruption and pain continue?”
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