Electric Vehicles

This is the best summary I could come up with:

Manufacturers are alarmed by slowing sales growth in battery electric vehicles, which in the first four months of 2024 have only increased market share by 0.3% from the same period in 2023, to 15.7%, despite the rapid take-up in previous years.

While the industry expects the figure to improve this year, the Society of Motor Manufacturers and Traders (SMMT) said that BEV sales would be below government targets of 22% of all new cars, and called for steps to “re-enthuse” buyers, including tax cuts, incentives and more chargers.

The SMMT said incentives had increased take-up of battery electric vehicles in the fleet market, and similar moves for private buyers would hasten the transition.

Temporarily cutting VAT, treating EVs as fiscally mainstream not luxury vehicles, and taking steps to instil consumer confidence in the charge point network will drive the market growth on which Britain’s net zero ambition depends.”

Ian Plummer, commercial director of Auto Trader, said EVs were typically 35% dearer than traditionally fuelled petrol and diesel models, adding: “The discounts we’ve seen manufacturers offer to incentivise consumers into new electric cars seems to be working … That said, we’ll need to see even more price action to achieve mass electric adoption.”

Lisa Watson, director of sales at Close Bros Motor Finance said: “Manufacturers may have cause for concern that the number of new petrol vehicles registered continues to outdo the sales of battery electric vehicle registrations, bringing into sharp focus the work the UK government needs to do to improve inadequate infrastructure such as charging points, and allay motorist concerns to encourage adoption.”

The original article contains 505 words, the summary contains 264 words. Saved 48%. I'm a bot and I'm open source!