The Society of the Irish Motor Industry (SIMI) today released their official 232 new vehicle registrations statistics for September. While the new car market has shown strong growth so far this year, the drop in new car registrations for September, a 10.3% decrease on the same month last year, is a concern. New electric vehicle registrations declined by nearly a fifth when compared to September 2022, and while some of this is due to changing supply chain dynamics, there is a fear that there could be a softening in EV growth. As the demand curve for EVs is moving out of the early adopter phase, the next cohort of EV buyers will inevitably be more price conscious. With Budget 2024 only a week way, SIMI again calls on the Government to maintain EV incentives at current levels.