Decline in battery electric vehicle sales underlines continuing need to address demand – Deloitte
The -17.1 per cent decline in UK battery electric vehicle registrations in November may have been a result of supply chain issues, but analysts argued that the setback on the electrification of the UK car parc also underlines the need to continue addressing issues affecting consumer demand.
Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said: “In a month where we’ve seen significant announcements in the UK supporting electric vehicle (EV) production, the decline in sales of battery electric vehicles in November is a reminder that we also need to think about demand and the underlying charging infrastructure that’s required for consumer adoption.
“More clarity on residual values and better second-hand car market for EVs will also help boost demand for new cars.
“Despite the decline in sales of EVs in November, year-to-date sale of EVs have remained strong and it is encouraging to see major manufacturers step up to the plate and show increasing confidence in the sector through new investment in EV production.
“The announcement in the autumn statement of £2 billion in grants for the auto industry should also give manufacturers further confidence in the sector. This long-term commitment provides certainty to markets and will boost investment in UK manufacturing of zero emission vehicles, batteries and the supply chain.”
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