22% of UK cars sold fully or partially electric

From InsideEVs

More than 15,600 new plug-ins sold in a single month is the second-best result ever. 

After several weak months, passenger car sales in the UK, finally returned to growth in July (174,887 and up 11.3% year-over-year), while the plug-in segment nearly quadrupled!

In total, 15,609 plug-in cars were registered last month, which is 286.8% more than a year ago. Thanks to an outstanding rate of expansion, the market share was close to 9%.

The plug-in hybrids are expanding quicker than all-electric, but BEVs are still slightly more popular.

Plug-in Electric Car Registrations in the UK – July 2020 

BEVs: 8,162 (up 259% year-over-year) at market share of 4.7%

PHEVs: 7,447 (up 320% year-over-year) at market share of 4.3%

Total: 15,609 (up 287% year-over-year) at market share of over 8.9%

In fact, in the year to date (YTD) period, i.e. January to July, cars with an electric engine, ranging from fully electric to mild-hybrids, made up 22.6% of all cars sold.  In the equivalent period last year, they made up just 8.8%.  Because battery costs continue to decline, this percentage will just keep on rising.  Moreover, the kind of electric vehicle will shift towards those with lower fuel consumption.  So HEVs (hybrids) will become PHEVs (plug-in hybrids).  Mild hybrids will become full hybrids or PHEVs.  And the percentage of pure electrics will keep on rising. Mild hybrids reduce petrol/diesel usage per km by 10-ish%, full hybrids by 40-50%, PHEVs by 80%, and full EVs by 100%.

Can anybody doubt that as this trend is replicated in Europe, N America, and China, oil demand will fall more and more rapidly?  Have we not seen the beginning of peak oil?