The cost of car insurance for young drivers has jumped by £644 on average in the past year, according to new Young Drivers research from Compare the Market. Car insurance premiums for motorists aged under 25 have reached £2,009 in January 2024, compared to £1,365 in the same month last year. Car insurance now represents 66% of the total car running costs for young drivers. Young drivers are … [Read more...]
Car makers Budget plan to overcome stalling EV sales
The automotive industry is calling for the Chancellor to use this week's Budget to put the UK’s shift to electric vehicles back in the fast lane. Research commissioned by the Society of Motor Manufacturers and Traders from Savanta has revealed that rising numbers of would-be EV drivers are now likely to delay their switch to a battery electric car – but a three-point plan of tax reform would … [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...]
Makers are building the ‘wrong’ cars for ev buyers, says executive
Cheaper electric cars are urgently needed for motorists to accelerate their switch away from petrol and diesel models, says an industry financial expert. Fleets need to be able to buy electric vehicles now that used car buyers will want in four years’ time – but are being hampered by a lack of choice, FleetCheck is warning. Peter Golding, managing director at the fleet software company, said … [Read more...]
EV van makers ‘misrepresent’ real range, says trade body
Van drivers are being misled over the true range of their new electric models, says a trade body. A better labelling system for the range of electric vans is becoming “critical to adoption”, says the Association of Fleet Professionals. The organisation first highlighted the inadequacies of the existing WLTP figures last year and, says chair Paul Hollick, this winter has only made the problem … [Read more...]
Turning the corner with an electric classic car
Since the government’s announcement to ban the sale of new petrol or diesel vehicles by 2035 and as more electric and hybrid cars start to roll off production lines, converting classic cars to electric powered motors is increasing. In fact, searches for ‘electric classic cars’ have increased by 40% in the past month as the rising popularity of converting classic cars to electric power goes … [Read more...]
Renewable fuels are answer to ev shortcomings
Climate protection solutions are urgently needed in road transport and politicians must make a clear commitment to renewable fuels, according to a learned German body. Slumping new registration figures, consumer reluctance and increasing doubts among vehicle manufacturers indicate the all-electric approach to passenger cars promoted by European and German legislators has failed, accoding to … [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...]
Call for incentives for retail buyers to switch to EVs
There are currently no financial incentives for private car buyers to switch to an EV, says specialist leasing company DriveElectric. So, unless the government changes its policy on consumer purchase incentives or reduces taxes in the run-up to a general election, or there’s a new government with a more pro-EV policy, sales of new EVs are likely to continue to be mainly to businesses and … [Read more...]