From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
https://insideevs.com/information/629901/uk-plugin-car-sales-december2022/
EV gross sales are have been steadily rising in the previous few years. Final 12 months, BEV (Battery Solely) registrations totalled 267,000, 16% of all vehicles, 77,000 up on 2021, (the graph additionally contains hybrids).
Nonetheless at that price of enhance, BEV gross sales will solely be about 900,000 come 2030, round half of all gross sales.
However is that this enhance sustainable? If we glance away from the general numbers, and zoom in on which fashions are being offered, we get a a lot modified image:
https://insideevs.com/information/629901/uk-plugin-car-sales-december2022/
The Teslas that account for a fifth of all BEV gross sales value £44,990 and £42,990 respectively, primarily based on RRP. The Niro and ID.3 are solely marginally cheaper at £36795 and £39,254, and the Polestar , BMW and Audi are dearer than the Tesla.
Solely two vehicles on the listing are available at beneath £30,000 – the Leaf and Mini at £28,995 and £29,000, and these solely account for six% of EV gross sales. This Prime 10 listing accounts for practically half of all BEV gross sales.
Fairly merely, many of the vehicles on the listing are completely unaffordable for the overwhelming majority of drivers, as arguably are the Leaf and electrical Mini. BEVs haven’t but managed to interrupt into the mass market.
A have a look at the Finest Sellers listing exhibits the place the market lies:
https://insideevs.com/information/629901/uk-plugin-car-sales-december2022/
Ignoring the Tesla, the dearest automobile on the listing is the Kuga, priced at £30,755. The Qashqai and Corsa retail at £26,405 and £18,065 respectively. There’s completely no signal in the mean time that homeowners of any of those vehicles are going to exchange them with an EV. A part of the reason being, in fact, the fee. However a significant component can also be the impracticability of BEVs for many drivers,
The kind of driver who can afford 50 grand for an Audi This fall will very seemingly have a second automobile within the storage for longer journeys.
The straightforward actuality is that there’s solely restricted demand for the upmarket vehicles at present dominating the EV sector; and lots of of those gross sales are for firm vehicles, purchased primarily for tax causes.
Till BEVs can break into the mass market sector, it’s arduous to see how they’ll ever be greater than a distinct segment product. (Not less than, that’s, till correct vehicles are banned!)
