EV - Page 7
EVs lose value twice as fast as ICE vehicles, losing average +£11K in first 3 years
New data highlights the significant depreciation of electric vehicles (EVs) compared to traditional petrol and diesel cars, with electric cars dropping in value by an average of £11,225 over the first three years.
Motorists unwilling to pay a premium to go electric, finds Auto Trader
Consumer concerns over the affordability of electric vehicles (EVs) are hindering mass adoption, putting pressure on the government to provide more support for the market, according to new research by Auto Trader.
European carmakers reported to be seeking 2-year delay on EV production targets
The European Automobile Manufacturers' Association (ACEA) is reportedly preparing to urge the European Union to delay its 2025 electric vehicle (EV) production and emissions targets by two years.
Government must act now to stabilise used EV market, demands industry
The government needs to take immediate action to prevent further instability in the used electric vehicle (EV) market which is undermining confidence in the transition to electric cars and driving up the cost of new EVs.
Why battery health checks will be key to used EV sales and profits
Accurate battery health monitoring will have a huge impact on the resale value of used electric vehicles (EVs) but consensus around certification processes will be essential to build the public’s confidence.
‘State-imposed supply chain’ hits new car market, says Robert Forrester of Vertu
Car manufacturers are rationing the UK supply of petrol and hybrid cars as they grapple with government-imposed environmental targets, leading to growing frustration among consumers and industry leaders alike.
Majority doubt EV affordability by 2030 despite planning to switch
Fewer than one in six motorists (16%) believe that electric vehicles (EVs) will be affordable by the Labour government's planned 2030 petrol and diesel ban, according to September’s Startline Used Car Tracker.