Electric cars are about to overtake petrol in the UK, data shows
electrek.co
electrek.co
From the article:
> At the current pace, electric cars will outsell petrol in the UK within a year. And it could happen as soon as this December.
Not the number of cars on the road - it’s new-car sales.
For reference only 4.9% of cars on the road are fully electric, while 87.8% are petrol or diesel.
They softened some of the enforcement but that is still the legal target currently.
It also assumes a linear trend continues. I think that is probably true if nothing changes, but there is a lot that could change that. The most likely change be joining the EU's "made in Europe" car policy which would mean far higher tariffs on Chinese EV imports.
On the other hand a lot of the growth in EV sales is coming from Chinese manufacturers so it will probably slow it down a bit - but less than I would have guessed.
Why would the second hand market cave first? You can buy second hand ICE cars very cheap. There are lots of second had ICE cars for under £2,000 (look at places like Autotrader). Will people be able to buy five year old EVs for that price? Assuming batteries law reasonably well, I expect EVs to keep their value better than ICE cars.
its very clear at the moment that the move to BEV is being lead by new cars. The second hand market will follow because sales of new cars determine what is available second hand a few years later.
It's not a good news if it's due to cars being less affordable.
When the UK governemtn mentioned the clocks going back and getting an extra hour on X, a lot of the comments we "how many minutes will we have left of that hour after you've taxed it".
I don't think any UK government would dare increase taxes on ICE cars. Hence why each year we go through the charade of "extending" the "temporary" fuel duty freeze.
Conversely EVs will pay a 3p/mile surcharge on their vehicle excise duty (eVED) beginning in April 2028. For an average user driving 8,000 miles/year this is a tax hike to EVs of £240/year. ICE cars won't be charged this as they pay fuel duty already (which works out way more than 3p/mile at pretty much any fuel efficiency).