The government has slammed the door on proposals to offer cash incentives to buyers of EVs. The proposal was rejected in the Government response to the House of Lords Environment and Climate Change Committee’s Electric Vehicles inquiry It had been proposed that the Government “explore targeted grants” to incentivise the purchase of EVs to stimulate the market, support the move ...
Read More »Dealers hammer carmakers for lack of on-site EV charging support
Lack of support from carmakers on dealer electric vehicle charging infrastructure is the biggest bugbear for dealers. The latest Dealer Attitude Survey from the National Franchised Dealers Association found dealers worried about on site charging and carmaker support. The question got a score of 5.2 out of 10, the lowest returning score for the entire survey. Kia claimed the top ...
Read More »Falling demand and increased competition hit Tesla sales and share price
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 »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 »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 »Indicata reports used EV prices levelling off in January
Used EV prices continue to show signs of levelling off according to the January Indicata Market Watch used car insights report. Average used BEV prices falling by 0.8% in January, following a 1% fall in December. It said recent manufacturer-based tactical new car registrations have also started to make an impact on the used market, particularly EVs. Sales of sub-two-year-old ...
Read More »ASA rules that EVs are NOT Zero Emissions Cars
Electric cars cannot be described as Zero Emissions because of the emissions produced in the manufacturing process. That’s the ruling from the Advertising Standards in a case this month against BMW BMW (UK) said it had bid on terms such as “Zero Emission Cars” to target consumers who used such searches to find out information about battery electric vehicles (BEV). ...
Read More »Used car sales increase 5% to 7.2m as supply constraints recede
The UK’s used car market grew by 5.1% to 7,242,692 transactions in 2023. Four consecutive quarters of growth saw 351,915 more transactions year on year as supply constraints receded. Superminis once again proved the most popular used car body type, accounting for one in three (32.1%) sales in the year, according to figures from teh Society of Motor Manufacturers & ...
Read More »Government needs to ‘turbocharge’ EV infrastructure and incentive schemes
The House of Lords Environment and Climate Change Committee has published its report ‘EV strategy rapid recharge needed’. The Committee is calling on the Government to “turbo-charge the charging infrastructure rollout by reviewing “outdated and disproportionate” planning regulations and tackling delays in the rollout of key public funding programmes. It called on the government to tackle the disparity in upfront ...
Read More »January new car sales: winners and losers
January saw a polarised start to the year with fleet sales driving the performance of many brands. Tesla got off to a strong start in January with sales up 173% to 1,581 units followed by Subaru which saw sales surge 74% to193 units. Peugeot performed strongly up 63.4% to 6,033 cars registered while Vauxhall saw growth of 58.6% to ...
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