Tag: rises

  • UK electric car sales set to halve as rate rises bite, OBR warns

    The forecast for UK electric vehicle sales in the coming years has been halved on the expectation that higher interest rates will dampen demand, the Office for Budget Responsibility (OBR) has said. Roughly 38 per cent of new car salesĀ in 2027 will be electric vehicles, down from a previous March forecast of 68 per cent,…