This marks a turnaround from earlier this year, when the growth in demand for electric vehicles (EVs) fell due to high energy costs and concerns over insufficient charging infrastructure.

According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), the new car market grew 28.3 per cent in July, with 143,921 new vehicles registered.

Despite challenging economic conditions, the market has enjoyed non-stop growth for a full year as supply chain challenges have eased, production has increased and deliveries have been fulfilled.

In 2021, the sector saw its worst July output since 1956 as it struggled with ongoing staff shortages associated with the ‘pingdemic’, on top of strained semiconductor supplies. A year later, though, the chip shortage began to ease, leading to an uptick in production from UK car manufacturers.

The SMMT said that the latest growth was driven by company registrations, with uptake by large fleets increasing...