UK EV sales growth hampered by high price and lack of charging infrastructure

UK EV sales growth hampered by high price and lack of charging infrastructure
UK EV sales growth hampered by high price and lack of charging infrastructure

Sales of new electric vehicles (EVs) are on the rise in Britain, with one EV sold almost every minute, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite their growing popularity, there are still significant obstacles preventing the widespread adoption of electric cars.

A recent study by the SMMT revealed that 68% of UK motorists are interested in switching to electric vehicles, but are held back by high prices and lack of infrastructure. The study also found that only 2% of respondents planned to make the switch this year, with the majority stating they could wait until 2024 or even later.

One of the main obstacles is the cost of electric vehicles. Cheaper electric models, such as the £26,000 BYD Dolphin and MG4 EV, are starting to enter the market. However, the low prices of Chinese electric cars have caught the attention of the European Union, which is considering imposing tariffs on these vehicles.

Another challenge is the lack of charging infrastructure. The study revealed that two-thirds of respondents were discouraged from purchasing an EV due to the severe shortage of public charging points. Although BP Pulse recently opened the UK’s largest charging station, the SMMT is advocating for mandatory targets for the rollout of charging points to address this issue.

Additionally, the UK government’s removal of the electric vehicle subsidy left the country the only major European nation without a taxpayer-backed incentive program. To make electric vehicle ownership more affordable, the SMMT is calling for a value added tax (VAT) reduction on sales of new electric vehicles, as well as a VAT reduction for home and on-site charging. public.

In conclusion, although demand for electric vehicles is growing in the UK, challenges such as high prices and lack of adequate charging infrastructure are preventing their widespread adoption. Efforts to address these issues, including the introduction of more affordable models and the expansion of charging networks, are critical to encourage the shift to electric vehicles and support the EV industry’s recovery from the pandemic.

– Society of Automobile Manufacturers and Traders (SMMT)

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