Allen & York’s Post

The UK automotive sector started 2024 with a bang, witnessing significant growth in new car and light commercial vehicle registrations in January. The surge was driven by a continued shift towards electric vehicles, with battery electric and plug-in hybrid registrations showing substantial increases. However, challenges remain in meeting government targets for EV adoption, necessitating collaborative efforts to address barriers such as range anxiety and charging infrastructure concerns. Read more in this article: https://bit.ly/3U3g5Hx #NFDA #AutomotiveSector #VanRegistrations #FleetNews

UK now has one million electric cars sold since 2002, but what of the future? Perhaps quietly under the radar, but the UK registered its one millionth EV in January 24. Drilling into the data: - More than 20,000 EVs were registered in January, up by a fifth year on year. - The main driver for the increase were fleet buyers, with demand for BEVs growing by more than 40%. - New EV registrations to private buyers fell by a quarter in January, but overall new car sales fell by 16% in the same period. - Falling private registrations mean EVs accounted for 14% of new vehicles sold in the UK in January, below the 2023 figure of 16.5%. It will be interesting to see how the ZEV mandate (where OEMs need to have 80% of their fleet fully electric by 2030) plays out in the coming years, and how that runs in parallel with the Government's move to push the new petrol and diesel vehicle ban out to 2035. Will customers delay their decision to buy an EV until nearer 2035? But more and more EVs will be coming onto the market from OEMs through the ZEV mandate, which in theory could see a reduction in pricing to sell off stock. Then we also have the Chinese entrants coming soon with high spec low cost EVs entering the UK market, creating further pricing competition and opening up EVs at the cheaper end of the market. So there are many factors going forward that will influence the take up of EVs in the UK, where we could see some rapid growth in mass adoption in the coming years through cheaper pricing. Thoughts? #automotiveindustry #netzero #ev #electricvehicles #evcharging

Despite the recent macro-economic headwinds and ‘un-necessary’ bad press, we still project an increased uptake of EV’s across Europe. BYD’s entry will definitely shake-up the competitive landscape across the continent which bodes well for the EV drivers. Another key driver for this growth is the fact that EV’s are starting to get noticed/included in the overall clean energy electrification ecosystem. For more such insights and ground-up datasets look up LCP Delta #ev #electricvehicles #cleanenergy #electricmobility #evs

📈 🚗 This is an aggregated view of #EVsales to 2035 split by fully electric cars, plug-in hybrid cars, and electric vans in Europe. At LCP Delta, we regularly update our forecasts for Europe's EV & charging infrastructure based on regulations and industry trends. We build our European forecasts bottom-up from individual country-specific forecasts, and According to our predictions, we are currently on the initial climb of EV adoption, predicting a significant uptake in sales by 2035, due to the ICE sales ban enacted by the EU and UK governments. ✅ For #Germany this year could mark a slowdown in car sales, with the market still recovering from recent energy crisis, inflation, and supply chain disruptions. Despite the BEV incentive was scrapped in December 2023, BEV sales in January 2024 saw a 24% increase from the previous year, totalling 22.5k units. ✅ In the #UK, the introduction of the Zero Emission Vehicles (ZEV) Mandate in January 2024 requires car manufacturers to ensure a certain percentage of their sales are BEVs: 22% in 2024 and 28% in 2025. In the short term, manufacturers might buy credits or fall short of the ZEV mandate, planning to exceed these requirements later. BEV sales in January 2024 were up by 21% compared to January 2023. ✅ #France continues to see strong EV demand, driven by incentives ranging from €5-7k and a state-backed EV lease program for low-income households, although this program was temporarily paused in February 2024 due to high demand. BEV sales in France for January 2024 increased by 36% year-over-year. ✅ #Italy is experiencing a slowdown in the already low BEV demand, due to delays in rolling out a new, significant EV purchase incentive framework, with a 11% decrease in BEV sales in January 2024 compared to the previous year. ✅ #Belgium's EV adoption is bolstered by incentives for company cars and government bans on ICE car sales and circulation between 2030-2035. This led to a remarkable 76% increase in BEV sales in January 2024 compared to January 2023. John Murray Oliver McHugh Cara Sloan Kate Armitage Satya Kakde #electricvehicles #evsales #evforecast

In a notable shift towards sustainable mobility, the EU has seen a huge surge in electric vehicle sales during October, with a staggering increase of over 36%, overtaking the sales of diesel cars for the third time. Take a look at the article below highlighting the accelerating momentum of EV adoption in Europe, signaling a growing preference for clean and eco-friendly transportation options, once again firming the region's commitment to a greener automotive future. #electricvehicles #automotive #greenfuture

The UK's electric vehicle market has hit a new milestone, with 1 million EV cars now on the road. However, according to recent reports, the growth in EV sales is primarily driven by fleet sales, with private user sales experiencing a slight decline in 2023. #EV #texaco https://lnkd.in/eNfx6zuq

Global EV And PHEV Sales Surge 69% YoY, But Dive 26% From December High: The slight downturn isn't expected to last for long as carmakers ramp up spending on EVs and PHEVs #car #cars #awesome

Have you made the switch to EV? The total market share of EVs reached about 19% of new vehicle sales in 2023, and they currently represent 5% of the 2.3 million private cars. The increase in sales and imports is also leading to the development of a growing market for used EVs which will make them more accessible to all road users in the years ahead. This tipping point suggests a major change in the purchasing habits of Irish car buyers as it become a more mainstream idea to go electric.

Main facts and ideas: 1. Canadian national target of 100% zero-emission vehicle sales by 2035. 2. 2023Q3: ZEVs made up 12.1% of all new motor vehicles registered. While 8.7% in 2022Q3. 3. BC and Quebec account for 1 in 5 ZEV sales. 4. ZEV interest of car shoppers down from 68% in 2022 to 56% in 2023 (who did not own an EV were open to buying one for their next vehicle). 5. Average price of new vehicles $66,000, while EV $73,000. 6. 3 elements needed to expand the market: affordable EV product (price need to come down by about 1/3 to even half of what they are today), charging infrastructure and consumer demand. 7. Governments can do something to help to close the gap. For example, $5,000 rebates in BC and Quebec. 8. Lack of knowledge about EV is the main reason for the low interest in EV purchases. Early adopters are important.

Hertz's decision to abandon electric vehicles has had an unexpected upside! Used EVs are now more affordable, driving up EV adoption rates. My 19-year-old was able to snag a used Model 3 for just $18K. While he dreams of a gas-powered F150 for post-graduation travels, he's thrilled with his eco-friendly ride for now. Check out this article for more details on falling used EV prices. #EVs #sustainabletransportation #affordabletransportation