Tag Archives: EV

Used electric cars have bucked industry trends by rising in value throughout 2019. That’s the view of CarGurus, which looked at the prices of used cars on its platform. The Renault Zoe electric supermini performed strongly. Between January 2017 and November 2019 the average asking price for a used 2015 model increased by 18%, from £6,425 to £7,612. This is ...

Used car dealers view electric vehicles as the biggest challenge facing them in the future. According to research by Startline Motor Finance EVs were named as a concern by 37.7% of dealers, compared to compliance (18.9%), negative equity in diesel cars (13.2%), consumer expectations (11.3%) and the impact of revised commission structures (7.5%). Also, 13.2% of dealers said they simply ...

This year may be remembered as the year electric vehicles entered the mainstream. EVs and AFVs have consistently seen the largest percentage increases in registrations through H1 of 2019 and there were an overwhelming number of EVs and AFVs on display at the Frankfurt Motor Show. Given that the motor retail sector has been selling internal combustion engine (ICE) vehicles ...

Price growth for used EVs was 30.4% in August – the highest ever recorded. According to the Auto Trader Retail Price Index, the average price of a used car advertised by retailers remained stable in August at an average of £13,001; a slight decline on the £13,115 recorded in July. Like-for-like prices for diesel and petrol vehicles decreased by -1.7% ...

Greater Manchester start-up Zoom, has launched the UK’s first car insurance aimed exclusively at electric vehicle (EV) owners. It offers specific coverage for EVs, is delivered by a specialist team and provides benefits specifically geared towards the EV driver. Zoom’s insurance offer has been designed to add value to people and organisations choosing ultra-low emission vehicles. It also looks to ...

Dealers are making it easier for fleet managers to promote the use of EVs in their fleets by offering ‘try before you buy’ options. In a recent Venson survey, only 13% of motorists cited lack of ‘try before you buy’ options as an obstacle to purchase and only 5% of people surveyed said they are worried about manufacturer lead times ...

The UK government has launched a £80m fund to help businesses, including those in automotive, to switch to electrification. Industrial Strategy Challenge Fund Driving the Electric Revolution Challenge aims to accelerate the UK’s ability to deliver the supply chains required to enable electrification in the automotive, aerospace, energy, industrial, marine, off highway and rail sectors. The challenge has two strands, ...

Price growth has been slow in the used car market, with an average price of £12,763 representing an increase of just 0.1% on last year – the lowest it’s been since Q3 2016 – according to the Auto Trader Retail Price Index. Auto Trader claims that it is cars up to five years old that are responsible for slowing down ...

Hybrids are the second most popular fuel choice among car buyers considering their next purchase, overtaking diesels. According to Motors.co.uk’s latest Consumer Insight Panel survey petrol remains the most popular fuel choice with over half (52%) of consumers considering their next car, hybrid comes second with 22% of buyers, pushing diesel into third place with only 16% of buyers. Electric ...

Jaguar Land Rover (JLR) has revealed plans to manufacture a range of new electrified vehicles (EV) at its manufacturing plant in Castle Bromwich, UK. This is part of the company’s commitment to offer customers electrified options for all new JLR models from 2020. The first new EV to be produced at the plant will be Jaguar’s flagship luxury saloon, the ...