Electric carmakers stop making them in the UK because they’re too expensive to sell

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

Well, who would have guessed that!

Electric carmakers are slowing production in the UK because the vehicle is too expensive for many motorists.

It is now expected that the UK will produce 280,000 all-electric cars and trucks by 2025, down from a previous estimate of 360,000.

The forecast means that only a quarter of auto production will be electric within the next two years, down from a previous forecast of more than a third.

In its latest report, the Center for Advanced Engines, which provides taxpayer dollars to zero-emission vehicle manufacturers, said the “uncertain economy” is expected to spur people drive towards cheaper car models for a longer period of time.

Falling output threatens to derail a key government plan to cut greenhouse gas emissions, with the UK set to ban the sale of new petrol and diesel cars by 2030.

APC added that a sales recovery for 2030 is now ‘uncertain’ due to ongoing supply chain issues, particularly lithium, a key ingredient in electric car batteries, as well as strains politics globally.

The UK’s zero-emissions car industry has already begun to decline in production, with BMW announcing in October that it would cease production of the electric Mini at its plant in Oxford to move operations to China. Country. And Jaguar has yet to provide further details on its plans to become all-electric by 2025.

Cost concerns were flagged by the RAC earlier this week, which shows that the average cost to charge an electric car has increased by 58 percent since last May.

Sales of pure electric cars, BEVs, were 267,000 units last year, so this new forecast shows a sideways trend.

I’m not surprised at all. A large percentage of electric vehicle sales are for company cars, because Various tax advantages grant. However, most of the private buyers seem to be young people who think they are saving the planet.

Electric vehicles offer nothing for the vast majority of the driving public and are unlikely to see any real breakthrough anytime soon.

Incidentally, I chatted with BMW’s Sales Manager this week, who just got kicked out of his X6 and given the electric model IX (which he says is crap!). This is because BMW has pre-registered many electric vehicles before the end of the year to meet government targets.

He said that BMW was under pressure from the government to do so, although what that pressure was I cannot say.

And all of this highlights the enormous problems facing our auto industry as the 2030 deadline approaches. They are being forced to invest billions of dollars in setting up new assembly lines and engine plants to cater for new models, while reducing the operations of traditional cars. In addition, they may find that they cannot sell all the electric vehicles they are making; or alternatively, if they cut EV production, they risk losing market share.