New car registrations | November 22
Even though sales of electric cars have jumped more than a third in the past year, there are big question marks over how long this will last. The strong November SMMT figures reflect much earlier demand for EVs that are only now being delivered due to supply problems such as semiconductor shortages or Covid lockdowns in Asia, which are now gradually easing.
“Our data shows the cost-of-living crisis and high electricity prices are turning people away from EVs. Battery EVs accounted for just 19% of our retailers’ sales leads in November compared to more than a quarter in June.
“While EVs remain considerably more expensive to purchase than their petrol or diesel equivalents, recent commentary suggesting that they’re now more expensive to run is as misleading as it is damaging to the take up of EVs. Auto Trader data analysis of a wide mix of vehicles shows an average EV saving of c.£125 per 1000 miles driven, which is actually up on the c.£100 saving seen in 2020.”
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