EV News

The demand for used BEVs in the UK has declined due to the cost-of-living crisis according to the latest INDICATA Market Watch used car insights report. BEVs have moved from being the fastest-selling fuel type in August to the slowest-selling in September as the market turned to buying cheaper used petrol and diesel cars. “Whether it is the soaring energy ...

Used car replacement cycles continuing to be extended due to the shortage of stock with EVs seeing a massive rise in prices. Between Q3 2021 and Q3 2022 the average age of used diesels rose from 34 to 44 months and petrol cars from 33 to 39 months while EVs and hybrids remained at 20 and 30 months over the ...

Dealers are lining up for the EV Retailing Summit taking place at the Eastside Rooms, Birmingham tomorrow. Vertu, Inchcape, Allen Ford and Perrys are among the dealer groups taking part in the event, which is free to attend for dealers. In the session on motor finance and EVs Andy Muir, head of sales at Mann Island Finance, will detail how ...

The UK is in a transition to a more sustainable future. Naturally, there is a large focus on EVs, but the infrastructure needed to charge them is just as important. The Climate Change Committee estimates that there will be 18 million EVs in the UK by 2030. We know that the UK car parc is going to change. And we ...

Lloyds Banking Group has provided £1bn worth of new funding for electric (EV) and plug-in hybrid vehicles (PHEV) this year across its motor finance and leasing businesses, Lex Autolease and Black Horse. The £1bn lending mark, against an £8bn target for new electric vehicle financing by 2024. The group is aiming to achieve net zero emissions across Lex Autolease’s customer ...

Pendragon is in ‘advanced discussions’ with Chinese EV manufacturer BYD, to be its UK launch partner. The move is part of a strategy to expand the new car business in the UK. “We are excited to be in advanced discussions with electric vehicle manufacturer BYD to be their lead UK launch partner as they enter the market later this year,” ...

Switzerland to be the most EV-friendly country worldwide followed by Austria and Denmark. That’s a key finding of personal finance guidance and comparison website Forbes Advisor, which said the top 10 EV-ready countries are all to be found in Europe (See table below). The analysis ranked developed countries around the world – from one (best) to 25 (worst) – on five ...

UK inflation hit 10.1% in July, up from 9.4% in June, according to the Office for National Statistics. Inflation is now running at a 40-year high. Commentators said the short term impact on people’s lives was significant but there were also longer term implications for the motor sector. Lisa Watson, director of sales at Close Brothers Motor Finance, said: the ...

Dealers are planning to invest in charging point in 2022 with the acceleration in sales of EVs. A poll carried out by Motor Trader in August found that 28% of dealers plan to invest in charging points this year. The majority, 56% have no plans for investment and 16% are thinking about investment in their charging infrastructure. Dealers are already ...

Fewer people expect to own an electric car in the next decade compared to 12 months ago. That’s a key finding from CarGurus research which found that 66% anticipate ownership now compared to 59% a year ago. Future interest in EV adoption fell most among Gen Z age category (74% 2021 vs 56% 2022) CarGurus research found buyers could be ...