British New Car Registrations Expected to Reach 2.1 Million in 2026

The Society of Motor Manufacturers and Traders (SMMT) now expects British new car registrations to reach nearly 2.1 million units in 2026. The trade body downgraded its forecast for zero-emission vehicle (ZEV) market share to 26.8% after weaker-than-expected demand in Q1, signalling a slower EV uptake than previously anticipated. The update may temper investor enthusiasm for UK-focused EV plays, charging infrastructure and suppliers while supporting broader auto sector recovery expectations. Overall the revision highlights shifting market dynamics in Britain’s transition to electric vehicles and could influence sector earnings and policy discussions.