Could COVID-19 positively impact future EV sales?: Research into the Society of Motor Manufacturers & Traders (SMMT) vehicle registration data by Cornwall Insight shows Battery Electric Vehicles (BEVs) in 2020 have already grown 76.1% on the whole of 2019.

 

SMMT recorded the lowest September car sales this century at 328,041 vehicles, down 4.4% on September 2019. Despite this, BEV September registrations reached 21,903 vehicles, almost double the previous record of 11,694 vehicles in March 2020.

 

Could COVID-19 positively impact future EV sales?

Katie Hickford Analyst at Cornwall Insight said:

 

“During COVID-19 lockdown there has been a backlog of already ordered vehicles that will have contributed to this increase. It is also likely that EV sales have been bolstered over the summer months by pent-up demand.

 

“However, this is not the only factor allowing us to see such a growth in BEV sales, with the Benefit in Kind company car tax change, making BEVs more financially attractive.

 

“The market has also seen new EV models become available this year, including the Tesla Model 3, the Vauxhall Corsa-e and VW’s ID.3, improving customer choice. Cost parity with internal combustion engine (ICE) vehicles has also continued to improve, led by falling lithium-ion battery prices.

 

“Some initial research from AA found that EVs may be a popular choice with those wanting to maintain the improvements in air quality brought about by lockdown. It is possible that COVID-19 could positively increase consumer demand impacting EV sales.”

Could COVID-19 positively impact future EV sales? – post kindly contributed by Cornwall Insight

, , , , , , , , , ,
Previous Post
British public can’t grasp urgency to halt climate change
Next Post
Wasted food generates 6 times greenhouse gas emissions

Related Posts

England set to have first poo-powered heating scheme

England set to have first poo-powered heating scheme: In a new project claimed to be England’s first heating scheme, more than 2,000 homes in Kingston could be heated using sewage this will use energy recovered from sewage treatment. Heat is to be recovered from the treament process at Thames Water’s Hogsmill sewage plant, this will…
Read More

Offshore wind drone port gets £26.5m of funding

Offshore wind drone port gets £26.5m of funding; Angus on the East Coast of Scotland has secured a share of £26.5 million government low carbon funding for the development of a ‘world class’ drone port that could see drones flying in the air to support offshore wind developments. AimIng to provide businesses with viable cases,…
Read More
Menu

Subscribe to our newsletter!

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

British Utilities will use the information you provide on this form to be in touch with you and to provide updates and marketing.