Consumer confidence in electric cars has dropped significantly from two years ago, with only 9% of buyers, in a recent survey, saying their next car would be electric. Surging prices for new EVs is one issue that is hampering sales. The survey found that 87% of buyers believe they are “too expensive”, Auto Trader data also shows new EVs are, on average, 33% more expensive than traditionally fuelled vehicles. A joint study by Electrifying.com and The AA found that just 16% of people agree that the Government is right to pursue the 2030 deadline for banning the sale of new petrol cars. Auto Trader is calling for the Government to make EVs more affordable by using incentives in the tax system rather than relying on unsustainable market dynamics.
The Editor’s View
