EVs outsell diesel cars in lockdown
New data from analyst Cornwall insight has revealed that, despite a 97 per cent drop in overall vehicle sales during the lockdown, demand for electric vehicles (EVs) remained strong, accounting for 32 per cent of all new vehicle registrations in April 2020 and outselling diesel cars for the first time.
Katie Hickford, analyst at Cornwall Insight, said to Electrical Times, “Resilient demand for BEVs [battery electric vehicles] appears to be driven by four key factors. From 6 April, changes to the Benefit in Kind company car tax means zero-emission vehicles pay no tax in 2020-2021, providing an incentive for businesses to transition their fleets.”
She added, “The last few months have provided a snapshot of how BEV sales may look in a few years, where the expectation is that BEVs will account for a third of monthly new vehicle registrations. However, whether the government’s EV uptake measures can boost uptake and defy the economic conditions is yet to be seen.”