Tesla saw its sales volumes fall 9% in the three months to end March to 386,810 vehicles as competition in EVs grew and demand slowed. Despite the decline it reclaimed its position as the biggest supplier of electric vehicles, ahead of BYD. More than £20bn was wiped off the value after it reported the first fall in car sales for ...
Read More »Number of EVs on UK roads will increase to 1.24m in 2024
The number of electric cars in the UK will increase by 24% to 1.24m by the end of this year, according to New AutoMotive’s State of the Switch report. This research suggests that if manufacturers are meeting the sales targets set out by the Zero Emissions Vehicle (ZEV) Mandate, the number of EVs could even rise to 1.3m. The mandate ...
Read More »Buyers look to dealers for information on switching to EVs
Motorists are looking to dealers for information on switching from ICE to electric vehicles. That’s a key finding of the latest Future of Transport report from Lex Autolease. The bi-annual report found that a third (28%) expect the government to provide better information on switching to electric, while 21% look to dealerships 18% to manufacturers, 4% to leasing providers and ...
Read More »Government widens reach of £350 grant for EV owners
The UK Government will ensure EV owners without driveways or dedicated parking spaces can access the £350 chargepoint grant by offering it to those who own or rent and have access to adequate street parking. EV owners will receive up to 75% off the cost of purchasing and installing a chargepoint but must ensure they have permission from their council ...
Read More »Steve Young Blog: Chinese challenges
The growth of Chinese car brands in the European market has been in the headlines in the last week or so, so it seems an appropriate point to comment on the news stories but also launch a new initiative from ICDP, where we have extended the ‘fireside chats’ that we have had in some of our recent members’ meeting to ...
Read More »UK’s most affordable EV available for pre-order
The Dacia Spring, arriving in October with a launching price from just £14,995 on-the-road, is now available to pre-order. It is tipped to be the UK’s most affordable new EV by a margin of thousands of pounds. Customers who pre-order by placing a £99 deposit are eligible for a complimentary £250 to put towards accessories, public charging or a home ...
Read More »EV market set for ‘aggressive’ price discounts
The EV market could experience aggressive financial incentives as car brands focus on accelerating the switch to electric, the audience of The Lead Agency webinar heard. Tony Whitehorn, former UK CEO and President of South Korean manufacturer Hyundai, explained in order to boost demand and hit certain targets to avoid fines under the Government’s ZEV mandate, manufacturers may offer ...
Read More »Kia EV9 named UK Car of the Year 2024
The UK Car of the Year jury have named the Kia EV9 as the UK’s car of the year while the vehicle also picked up the award for the ‘large crossover’ category. Priced from £65,025 on-the-road, the car offers an electric driving range of up to 349 miles from a single charge of its standard 99.8kWh battery and ultra-fast charging ...
Read More »Mixed performance in the auction market
The National Association of Motor Auctions (NAMA) has revealed the strength and stability across various segments of the market. Overall, pricing and demand are considered healthy with sectors such as the wholesale car sector proving to be stable and retail sale values showing an increase when compared with February despite a lag between retail and trade prices. Paul Hill, NAMA ...
Read More »Steve Young Blog: EV Pinball
ICDP was recently invited by the British Vehicle Rental and Leasing Association (BVRLA) to facilitate a workshop with their members on the subject of meeting the so-called ZEV Mandate in the UK. This is legislation specific to the UK which mandates a given percentage of sales of zero electric vehicles (ZEVs), which in practice means battery electric vehicles (BEVs) between ...
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