More than four out of 10 dealers think used car buyers will stick with petrol and diesel cars for longer following the government’s decision to delay the new car electrifcation deadline to 2035. Startline’s November Used Car Tracker also shows that 29% believe the move will mean the used electric vehicle (EV) market will take longer to develop while 19% forecast that consumer demand for EVs will … [Read more...]
Dealers putting brakes on buying EVs
Dealer margins are being squeezed as despite strong demand it is proving difficult to push retail prices up, according tp CAP HPI. This is due to consumers cost-of-living concerns and high used car prices from increases since the start of COVID, and especially in 2021 when values increased by c.30% on average. Plus there is strong competition from other physical and online retailers. When you … [Read more...]
Drivers may delay EV purchases for five years
As many as 14% of drivers – more than ever before – say their next car will be electric, but the proportion of those expecting to be in an EV in the next five years has reduced in the last year, shows new RAC research with more than 3,000 drivers. While figures for the RAC Report on Motoring 2022 indicate the number of drivers planning to change their vehicle in the near future has declined … [Read more...]
Britain unprepared for ev switch in eight years
Rising electric costs are blowing the fuse on plans for expanding ev sales in Britain. A comprehensive survey by Rivervale Leasing found that the escalating cost of energy is the most common concern, as 21% say that they think the potential of higher home charging tariffs could stop the UK from switching to electric. Vince Pemberton, Chief executive officer at Rivervale Leasing admits, “It’s … [Read more...]
EVs to become dominant in three years
Electric models will dominate fleets in three years, managers have told researchers for Arval Mobility. Just half (50%) of vans and a little over a quarter (28%) of UK company cars are predicted to be using petrol or diesel power alone by 2025, research from the latest Arval Mobility Observatory Barometer shows. Fleet and mobility decision makers were asked, “What percentage of your fleet will … [Read more...]
Brits falling out of love with evs
Brits’ appetite for electric vehicles appears to be declining with fewer people saying they expect to own an EV in the next decade, according to a recent CarGurus study. Despite petrol prices reaching record highs and the sale of new petrol and diesel cars banned from 2030, UK motorists’ appetite for EVs has decreased when comparing interest in 2021 versus 2022. Notably, potential … [Read more...]
EVs big savings with off-peak charging over petrol & diesel
EV motorists will have an advantage over drivers with petrol or diesel cars following the energy price hike, say experts at Select Car Leasing. With the energy price cap rising, Brits are expected to see their energy bills skyrocket by 54%. This, combined with rising fuel costs which have hit all-time records for petrol and diesel, means many motorists across the UK will be out of pocket come … [Read more...]
Motor industry at cross-roads, suggests global survey
Car buyers around the world have different opinions on their next vehicle choice, according to an international survey by Arthur D Little researchers. The report entitled ‘The Future Of Automotive Mobility’ based on a survey of over 8,500 end customers in 13 countries shows that global automotive markets are currently at crossroads. While the study identifies that the internal combustion engine … [Read more...]
Newslines 7 December
Fuel prices remained almost unchanged in November despite a barrel of oil shooting up $10 to $46 – a 27% monthly rise, shows data from RAC Fuel Watch. The average price of a litre of unleaded across the UK at the end of November was 114.33p – having fallen very slightly (0.19p) from 114.52p at the start of the month, while diesel dropped by a similar amount from 117.85p to 117.63p … [Read more...]
Used electric cars now growing sales
Second-hand battery and electric cars are being sought by drivers, says the Society of Motor Manufacturers and Traders in their latest report on the used car market. The UK’s used car market increased by 4.4% in Q3 after two consecutive quarters of decline, according to the latest figures published today by the SMMT. During the busiest quarter since the end of 2016, some 2,168,599 transactions … [Read more...]