Rising energy bills affecting UK EV sales
A new survey conducted by Carmoola, the digital car finance lender, has revealed how rising energy prices are deterring Brits from transitioning to electric vehicles (EVs).
The nationally representative survey of 2,000 UK adults found that the cost of electricity is a significant barrier, with many stating they would only consider purchasing an EV if their annual energy bills dropped substantially. Almost a third (28 per cent) of respondents – which equates to approximately 14 million drivers – said that their annual energy bills would need to decrease by £100 or more for them to consider making the switch.