Motoring experts at DriveElectric predict a significant rise in EV sales in 2023, after supply issues hindered EV sales growth in 2022. The figure is based on DriveElectric’s own forecasts and is a significant increase from the 267,203 battery electric vehicles registered in the UK in 2022. Mike Potter, CEO at DriveElectric said, “We have seen … [Read more...]
Finance News
Funky Cat will make feathers fly
The feathers are about to fly in Britain’s all-electric car market after the entry of a new Chinese brand this spring. The GWM ORA Funky Cat First Edition is being imported from £31,995 by a part of the IM Group, which is already well known through its Subaru and Isuzu distribution and its supply of assured parts for the Mitsubishi marque, which pulled out … [Read more...]
UK Automotive crashes to 66 year low
UK car production last year fell to its lowest level since 1956, according to annual statistics from the Society of Motor Manufacturers and Traders. It said a total of 775,014 cars were built in 2022 – a 9.8 per cent slump on the 859,575 made during the previous year, when the recession and pandemic were still gripping businesses. The industry blamed the … [Read more...]
Newslines 27 January: Ford to make big job cuts
A massive jobs cull in Germany and other European countries is expected by the union representing Ford workers. Some positions are expected to be axed in the UK as well while the US car maker transitions towards a fully electric range from 2025, initially slashing over 3,200 jobs in Ford of Europe, and realigning with R&D in America. Bentley Motors … [Read more...]
MoT test extension roundly criticised
Extending the time before a vehicle faces its first MoT test proposed by the Department of Transport has been criticised as dangerous for high mileage models of cars, vans and commercial vehicles. Following the announcement of a new government consultation on possible changes to the MOT, RAC head of roads policy Nicholas Lyes said,“While we’re not opposed … [Read more...]
Little vans in short supply
Throughout 2022 franchised dealers have reported strong demand for light commercial vehicles under 3.5 tonnes, but the continued restrictions to component supply have frustrated manufacturers in their ability to produce sufficient new vehicles to match orders, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. In … [Read more...]
The shock of ev prices falling after Tesla cut
Over priced electric cars are seeing values collapse. Electric car drivers need to protect themselves from volatility in the used car market, following Tesla’s dramatic decision last week to slash the prices of its two best selling cars, the Model 3 and Model Y, by up to £8,000. Steve Tigar, CEO and Founder of loveelectric, said cuts on this scale could … [Read more...]
Tradelines 25 January: Make or break year for EVs
It could be a make or break year for smaller ev makers, reports Reuters UK. Tesla's 20% price cut worldwide last week has led to surge in demand from its German factory supplying Europe but at the same time put pressure on main rivals to reduce prices while some ev startups may be unable to match them and risk losing investments and sales, or worst still, … [Read more...]
Buses need more Welsh investment and planning
Wales can only contribute to the UK’s 2050 Net Zero target if there is long-term investment in the funding of services and infrastructure, so that bus and coach travel can become people’s preferred transport of choice, according to Joshua Miles, Director at the Confederation of Passenger Transport in Wales. “These policies are not designed to bash … [Read more...]
Newslines 23 January: Aston’s Ultimate
As its name suggests, the DBS 770 Ultimate is an emphatic last word. The most powerful production Aston Martin ever, extensive design and engineering enhancements ensure the 211mph DBS 770 Ultimate is an unforgettable and highly-collectible celebration of Aston Martin’s flagship Super GT and already sold-out in 300 Coupe and 199 Volante styles. The … [Read more...]
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