• 525 days Will The ECB Continue To Hike Rates?
  • 525 days Forbes: Aramco Remains Largest Company In The Middle East
  • 527 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 927 days Could Crypto Overtake Traditional Investment?
  • 932 days Americans Still Quitting Jobs At Record Pace
  • 934 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 937 days Is The Dollar Too Strong?
  • 937 days Big Tech Disappoints Investors on Earnings Calls
  • 938 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 940 days China Is Quietly Trying To Distance Itself From Russia
  • 940 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 944 days Crypto Investors Won Big In 2021
  • 944 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 945 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 947 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 948 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 951 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 952 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 952 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 954 days Are NFTs About To Take Over Gaming?
Fintech Valuations Have Grown Red-Hot

Fintech Valuations Have Grown Red-Hot

Nu’s successful listing probably served…

SuperBowl Is About to Set a New Betting Record

SuperBowl Is About to Set a New Betting Record

This Sunday, the Rams are…

The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030

The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030

According to Citigroup, the metaverse…

  1. Home
  2. News
  3. Breaking News

UK Motorists Not Interested In EVs

EV

Despite the many announcements for new electric vehicle (EV) models coming to the market and government initiatives to support EV adoption, UK motorists remain reluctant—if not stubborn—to make the switch to electric cars, a new survey from Venson Automotive Solutions has found.

Of the 200 people surveyed, just 15 percent said they would definitely be making the switch to an EV or hybrid vehicle when they next purchase a car or choose an alternative company vehicle. Almost 50 percent said that they don’t see themselves considering switching to an EV or a hybrid vehicle for another 10 to 15 years, if not longer.

In last year’s survey, 85 percent of motorists surveyed said they would seriously consider buying an EV, following news from Total and Shell that they would be installing more charging points.

“The UK government’s plans to increase the number of zero and ultra low emissions vehicles on the roads, along with its pledge to ban the sale of cars and light duty vans with internal combustion engines by 2040, are bold, but must be supported by the industry and the general public equally,” Alison Bell, a Director for Venson Automotive Solutions, said, commenting on the survey.

The top deterrents for motorists to buy or choose a company EV—both in 2017 and in 2018—are the lack of charging points in the UK and the limited mileage range of EVs.

Those two deterrents were also the main reasons for the slowdown in the EV sales growth in Europe’s top car markets in the first half this year. Related: Which Banks Pay The Most For Your Cash?

Sales of EVs and plug-in hybrids in Europe’s top car markets rose by just 33 percent in the first half, compared to a 54-percent surge in the same period last year, as customers remain wary of the limited driving ranges of the models and an insufficient charging network, according to estimates by consultancy EY.

In the U.S., an AAA survey showed in May that 20 percent, or 50 million Americans, will likely go electric for their next vehicle purchase, up from 15 percent in 2017.

“While concern for the environment is still a major motivator, AAA found U.S. drivers are also attracted to the lower long-term costs and advanced technology features that many of these vehicles offer,” said Greg Brannon, AAA’s director of Automotive Engineering.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Safehaven.com

Back to homepage

Leave a comment

Leave a comment