A price war is looming in the ev sector which will benefit buyers but hit dealers and fleets, an analyst said this week. This week, as Tesla cut prices again and the number of cheaper Chinese-made models are coming into Britain, the European motor industry and trade is seriously worried about how they will make money as spending tightens. Early this year, the UK Government introduced the Zero … [Read more...]
Wales trails by a long way in EV charging
Manchester topped the electric vehicle home charger installation charts during 2023 according to data from home EV charge point installers Smart Home Charge. The West Midlands was a close second with South West London in third place, whilst Northern Ireland had the lowest percentage of home EV chargers installed – just 0.11% of the overall total and in South Wales, just 1.69% of motorists have … [Read more...]
Call for end to hybrid vehicles
Hybrid vehicles are an expensive farce rather than a stepping stone to electrified transportation, says the director of a charging point company. "Hybrid vehicles are undermining the important environment work to electrify the UK transport network," says Jack Parsler, Development Director of nationwide electric vehicle charge point installer Crystal EV. "Hybrid vehicles were heralded … [Read more...]
Plate change boosted by fleet registrations
The 24-plate change boosted new-car registrations in March, according to SMMT figures. But private buyers have put the brakes on pure electric purchases and the car makers want Government incentives to be increased to meet emissions targets.. March signals a twentieth month of consecutive growth for the automotive sector, a remarkable milestone for the industry, said Sue Robinson, Chief … [Read more...]
Company car drivers need convincing of EV benefits
It's becoming a grind convincing company car drivers to switch to electric models, admits Paul Hollick, chairman of the Association of Fleet Professionals. Pushing back against “scare stories” about electric vehicles (EVs) is becoming a key task for fleet managers, he said and pointed to a flood of misinformation appearing in both traditional and social media. “Sadly, it seems to have become … [Read more...]
EV prices are stabilising after steep fall
Falling electric vehicle values are stabilising once they reach price parity with their internal combustion engine equivalents, March’s meeting of the Vehicle Remarketing Association was told. Andy Shields, global business unit director, of Indicata, presented data for a variety of EVs that showed this trend, following on from the dramatic price falls seen in 2023. “This effect appears to have … [Read more...]
Increase taxes on bigger private cars, says T&E
The UK could be using its tax system to discourage the growth of large new SUV sales, which recent T&E analysis found had grown by 23% between 2022 and 2023. With the Budget due next week, the environmental group said that the UK has shown some leadership with its tax system, however as company car drivers in the UK are benefiting from a progressive tax system, otherwise known as the … [Read more...]
Reselling rates for EVs close to petrol and diesel models
Disposal conversion rates for electric vehicles were very close to their petrol and diesel equivalents over the course of 2023 and beat plug-in hybrids, reports epyx. In total, 91% of EVs found buyers when made available through trade sales to dealers, compared to 94% for petrol and diesel, and 87% for PHEVs. However, EVs did sell more slowly - at an average of 12.5 days compared to around 7-8 … [Read more...]
Tradelines 7 February
A strong 2.9% organic fleet growth during 2023 has been announced today by Arval UK, in a challenging market constrained by new car supply and inflation. The figure brings the total UK fleet size to 192,068 at the end of December 2023 and much of the rise has been powered by the ongoing transition towards battery electric vehicles as Arval’s UK fleet now includes 44,021 BEVs which account for a … [Read more...]
EV sales are trickling ahead of last year
Five of the largest EV manufacturers in UK market increased their sales last month compared to 12 months ago, according to the latest data from New AutoMotive’s Electric Car Count. The monthly report is the most up-to-date and comprehensive electric vehicle sales data in the UK, and reveals that 15 out of 20 manufacturers are selling more EVs than they did a year ago. Despite Toyota’s CEO … [Read more...]