Used electric vehicles look set to reach price parity with conventional ICE vehicles over the next year. That’s the view of Dale Wyatt, director of automobile at Suzuki GB who said that new EV prices will follow the same route. “It looks as though used ICE and EV cars will start to reach some kind of price parity over the ...
Read More »Dealers can benefit from installing EV chargers – REPORT
Selected car dealerships can benefit from installing chargers on site as rental income increases. That’s the view of Savills which said that retail parks, PFS, supermarkets, office blocks and car dealerships should be considering the benefits of establishing a public charging hub within their site if they can secure a grid connection. The latest Spotlight from Savills “Electric Vehicle Charging ...
Read More »‘Cheaper deals and bigger carmaker ad spend’ drive EV sales in June
An increasing in advertising and cut price deals helped drive sales of new EVs in June. That’s the view of Auto Trader commercial director Ian Plummer commenting on the June sales figures from the Society of Motor Manufacturers & Traders. “Our figures show the electric share of the new car market enjoyed a much-needed boost in June – taking 15% ...
Read More »NFDA calls for government incentives to reduce EV price gap
The National Franchised Dealers Association (NFDA) has called on the government to introduce incentives to narrow the gap between EVs and traditional petrol and diesel ICE vehicles. NFDA CEO Sue Robinson said the difference in price was hampering sales, particularly in tough economic conditions with high inflation. “Ongoing economic turbulence, including rising interest rates and inflation is impacting consumer spending ...
Read More »Nissan launches all-in-one subscription service
Nissan has launched a subscription all-in-one monthly payment service. Nissan Subscription covers the cost of the vehicle, insurance for up to five drivers, road tax, servicing and roadside assistance. The service is available on three electrified Nissan models from £645 a month on a three-month to two-year time frame. Customers can switch between models during the ownership period. It can ...
Read More »Chinese carmakers to pile on the pressure in European drive
European carmakers are increasingly under pressure in their home markets from Chinese manufacturers, more and more of whom are pushing into European markets with electric vehicles. In the first quarter of 2023, China replaced Japan as the world leader in automotive exports. The event was an “astonishing advancement” from sixth place as recently as 2019. These are among the key ...
Read More »Search for EVs on iVendi platform double in six months
EV searches have almost doubled in the last six months according to new research. Online car searches on its platform that specify “electric” as a fuel type have almost doubled in the last six months, said iVendi. In December, 32% of searches made by potential buyers using the motor retail technology specialist’s “natural language” technology included the term but by ...
Read More »Charging anxiety ‘doesn’t match reality’ says AA
There has been more than a 70% drop in the proportion of electric vehicles running out of charge over the last few years, according to the AA, the UK’s largest motoring organisation. The number of ‘out of charge’ EV breakdowns was running at 8% of all EV breakdowns four years ago and dropped to 4% of breakdowns last year. This ...
Read More »Ford reveals E-Tourneo Courier to dealers in Denmark
Ford revealed the five-seat, multi-activity E‑Tourneo Courier in Copenhagen, Denmark. E-Tourneo Courier is one of ten all-electric vehicles Ford has committed to offering in Europe by 2024, as it targets zero emissions for all vehicle sales in the region by 2035. “The company is investing $50bn globally through 2026 to achieve a targeted run rate of more than two million ...
Read More »Ford warns tightening trade rules threatens move to EVs
Ford has called on the government to extend current trade rules to be extended to 2027 to help ramp up battery manufacturing to meet EV demand. It said tightening up the trade rules now could damage the switch to EVs and add to costs of customers switching to EVs. Tim Slatter, Ford Britain chair (pictured), said the industry does not ...
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