• 4 hours 3 of the Most Interesting New ETF Themes of 2021
  • 1 day Mid-Term Bitcoin Outlook Remains Murky
  • 3 days Big Business’ New COVID Initiative: No Jab, No Job
  • 5 days The Most Interesting Stocks Of Earnings Season, For Better or Worse
  • 7 days Chinese Stocks Rebound After Regulatory Scare
  • 9 days Apple Stocks Falls After Blowout Earnings Report
  • 9 days The 5 Biggest IPO Disasters Of 2021
  • 10 days Crypto-Based ‘Shadow Financial Market’ Spooks Regulators
  • 13 days Ireland Balks At Biden’s Global Tax Plan
  • 16 days Robinhood To Trade On Nasdaq Targeting $32B Valuation
  • 20 days Facial Recognition Is Watching You
  • 21 days Biden’s $3.5T ‘Human Infrastructure’ Workaround
  • 21 days The Fed’s $3 Trillion Headache
  • 24 days Why Bitcoin Could Struggle To Recover After Epic Crash
  • 24 days Wells Fargo Back In The Spotlight Over Personal Loan Cancellations
  • 25 days Delta Variant Real Threat To Economic Recovery
  • 28 days JEDI Drama Continues With Microsoft Contract Cut
  • 30 days DiDi Shares Take a Beating From Chinese Regulators
  • 31 days Thousands Of Companies Hit In Latest Ransomware Attack
  • 31 days Jobs Report Has Big Numbers, But Still Big Problems
The EU Begins Backtracking On China Trade

The EU Begins Backtracking On China Trade

The European Union is planning…

$15/Hour Minimum Wage Might Happen Naturally

$15/Hour Minimum Wage Might Happen Naturally

The worker shortage, not only…

Oilprice.com

Oilprice.com

Writer, OilPrice.com

Information/Articles and Prices on a wide range of commodities: We have assembled a team of experienced writers to provide you with information on Crude Oil,…

Contact Author

  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