State of the Switch 2024
At the start of this year a new regulation came into force in the UK, requiring manufacturers to sell a rising proportion of EVs. New AutoMotive worked to influence and secure this ambitious policy, and it has already seen a big uptick in investment thanks to the certainty it provides.
EXCERPT
So, 2023 represents the last year in which the sale of EVs was seen as voluntary. It was also a year in which there was an incentive to hold back sales until January 2024 in order to make compliance with the new regulations easier.
Despite these facts in 2023 UK electric car sales were up nationally by 18.5% on 2022 levels. And the share of ‘zero emission car miles driven’ – the metric we care about the most - is up 50%.
None of this should be surprising, given that an average driver can save £1000 a year in running costs by going fully electric. Incidentally, anyone wanting to check their savings can do so via our personalised calculator – just by entering your car registration number.
In other good news, the number of public charge points is also up by almost 50%, and, taking home and workplace charge points into account, there are now almost 15 times as many chargers as there are fuel pumps in the UK.
So I recommend this – the third annual State of the Switch report from New AutoMotive – as a remedy for anyone depressed by headlines in some news media claiming that the EV revolution is stalled or failing. It is very much alive and kicking.
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