Government’s energy price cap provides reassurance to EV buyers


A fifth of electrical car patrons have mentioned the Authorities’s latest power value cap helped them make the change.

Following the announcement of the power value cap in September to restrict common payments to £2,500 each year, What Automotive? surveyed 1654 in-market patrons of which 31.6% have been available in the market for an electrical automotive.

Of the electrical car patrons surveyed, 20.5% mentioned the value cap announcement meant they have been now contemplating an EV as their subsequent automotive as they now know their payments wouldn’t go previous a sure common stage, whereas 79.5% mentioned they’d be available in the market for an EV even when the cap had not been introduced.

The analysis comes as the most recent new automotive registration figures from the Society of Motor Producers reveal totally electrical vehicles now account for 14.5% of the UK new automotive market, with greater than 1,000,000 registered EVs on the highway right now.

What Automotive?’s analysis additionally surveyed patrons not available in the market for an electrical automotive. Of these patrons surveyed, 13.34% mentioned the announcement of the power value cap has made them extra comfy with the concept of proudly owning an electrical automotive sooner or later.

Steve Huntingford, editor, What Automotive?, mentioned: “The power value cap has had a right away response from automotive patrons, and reveals how vital Authorities help for the business is. Even with rising electrical energy costs, electrical autos can show very value environment friendly to run and personal, and if the business is to grow to be zero emissions by 2035, the expertise should stay as engaging and reasonably priced as doable.”


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