The balooning sales of electric cars could be about to burst.
High costs of the models with the majority over £30,000 combined with escalating electricity costs make them far less attractive than the current petrol cars and more economical diesel models and British sales of evs has stalled in recent months.
The stark reality of Britain’s cost of living crisis has been revealed as new research shows that one third of Brits will not be able to afford their commute if the cost of fuel keeps rising.
A new study by Volkswagen Financial Services UK has found that 32% of the nation will be priced out of driving to work if petrol and diesel prices continue increasing as they have done this year.
Porsche and Red Bull have ended talks about the supply of engines to the F1 team.
Discussions are reported to have failed around how much control would be held by each side in the racing programme.
Mercedes-Benz nnd Rivian are reportedly in talks to develop a pure-electric light van.
The oldest motor manufacturer in the world has been discussing the project with one of the newest entrants to the industry and they plan to make a model for the European market, possibly including the UK, and which would be additional to MB’s own model range in future.
The UK light commercial vehicle market fell by -24.6% to 15,520 units during what is traditionally one of the quietest months of the year ahead of the September plate change.
The SMMT said this performance means LCV registrations have declined every month of 2022, with August registration volumes the lowest recorded for the month since 2017.