Summary
– Over 100 electric vehicle models are now available in the UK, up from just 16 in 2014
– Almost one-third of new car models are now available as zero emission options
– The UK is the second largest new electric car market by volume
– The average electric range is now 236 miles, increasing to nearly 300 miles for new models
– Calls have been made for tax reforms and lower VAT rates to encourage more drivers to switch to electric vehicles
Article
In recent years, there has been a significant increase in the availability of electric vehicles (EVs) in the UK market, with a total of 102 battery electric vehicle models now available. This is a dramatic increase compared to just 16 models in 2014. The Society of Motor Manufacturers and Traders (SMMT) reports that almost one-third of new car models are now available as zero-emission vehicles, reflecting the industry’s commitment to zero-emission technology to achieve net zero goals.
The UK is making strides in the development of a sustainable electric vehicle market, placing it as the second-largest market for new electric cars by volume. Demand for new battery electric vehicles has increased by 10.6 per cent in the first five months of 2024, with over 100,000 motorists making the switch to electric. The average electric range has also improved, with current models offering a range of 236 miles, expected to increase closer to 300 miles in upcoming models, alleviating concerns about range anxiety for drivers.
Mike Hawes, chief executive of the SMMT, emphasizes the progress made by manufacturers in delivering on their promises to reduce emissions and provide a wider range of electric car choices to consumers. Despite the significant increase in EV options, more than 80% of car buyers are still choosing other powertrains. Hawes highlights the need for further government support to make EVs more accessible to all consumers, including reforms in taxes and more affordable public charging options.
Data from the SMMT indicates that drivers can save money by charging their electric vehicles at home, resulting in the equivalent cost of eight pence per mile. However, there are still concerns among drivers about the reliability of the charging network and the high prices associated with it. Many experts are calling for changes in the taxation system to encourage more drivers to invest in electric vehicles, including exempting EV owners from expensive car supplements and reducing VAT rates on EV purchases and public chargers.
One proposal to boost the uptake of electric cars is to temporarily reduce the rate of VAT on new EV purchases and public chargers. By cutting the VAT rate from 20 per cent to five per cent, public chargers would be aligned with home chargers in terms of VAT rates. This measure aims to make EVs more affordable and appealing to a wider range of consumers, ultimately contributing to the transition to a more sustainable transportation system.
Overall, the increase in available electric vehicle models in the UK market reflects the industry’s commitment to sustainable transportation and meeting net zero emission goals. While progress has been made, there is still a need for further government support and policy changes to make EVs more accessible and attractive to consumers. By implementing measures such as tax reforms and VAT reductions, more drivers may be encouraged to make the switch to electric vehicles, ultimately contributing to a cleaner and greener future for transportation.
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