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Electric Vehicle Demand Slumps 65% in a Year

by Will Jones
20 April 2023 11:12 AM

Buyer interest in new electric cars has slumped by nearly two-thirds since the start of last year, new figures released this morning suggest, but Government is full of ideas to push the unwanted products on an unconvinced public. The Mail has the story.

Online vehicle marketplace Auto Trader said it recorded a 65% drop in inquiries for electric cars last month compared with January 2022.

The company’s Road to 2030 report blamed the decline in demand for electric vehicles (EV) on a multitude of factors, including their premium price tags, the cost-of-living crisis, higher interest rates for borrowing and increase in energy prices.

The report follows Elon Musk’s suggestion that he will slash the price of Teslas in the U.S. for a staggering sixth time this year in a bid to rejuvenate demand for the company’s battery vehicles.

The price of Model Y vehicles is to be cut by £2,400 to around £37,743, and the Model 3 vehicle by £1,600 to £32,100. 

After a series of cuts, the models are a respective 29% and 15% cheaper in the U.S., its largest market, than at the start of the year.

In response, shares dropped 4% in New York during after-hours trading, adding to its 18% decline in the past six months. 

Tesla has already slashed U.K. prices of its new cars various times in the UK in 2023, which in turn has hammered the value of second-hand models in recent months. 

Auto Trader’s report published on Thursday said the new EV market is being hampered by a lack of affordable choices, with very few models available priced between £20,000 and £30,000.

The analysis also stated that new EVs are an average of 37% more expensive than petrol and diesel cars. …

The RAC says that many motorists are being priced out of EV ownership, which is resulting in them keeping their older – more polluting – petrol and diesel cars longer.

By doing so, it threatens the Government’s targets to cut air pollution levels in the coming years before the ban on sales of new petrol and diesel cars in 2030.

Ministers are currently consulting with industry about the introduction of a Zero Emission Vehicle (ZEV) mandate from next year, which will require manufacturers to sell an increasing share of electric cars annually in the run up to the ban on sales of all new motors with internal combustion engines.

From 2024, it has outlined that 22% of all sales by each mainstream car maker must be zero emissions at the tailpipe, and by 2030 this sales share will need to rise to 80%.

Failure to meet these objectives would land manufacturers with fines of up to £15,000 per vehicle over the targets set out in the mandate.

The Government hopes that by introducing penalties it will force the hand of vehicle makers to bring more affordable cars to market that more drivers can afford.

Net Zero really is an anti-capitalist’s and statist’s dream, with never-ending cause for heavy-handed Government intervention and regulation to force people to do the ‘virtuous’ thing over the thing they want to do and that is most convenient and affordable for them. Pure coincidence I’m sure. The only downside of course is more people not being able to afford to buy and do stuff – so, er, increased poverty, in other words.

Worth reading in full.

Tags: Climate AlarmismElectric CarElectric vehicleNet Zero

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28 Comments
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Silke David
Silke David
3 years ago

In Hamburg, 3 weekends now, the young people have met in the Stadtpark, a huge park, which the police have broken up in the early hours of the morning and it takes 6 hours to collect the rubbish.
The police top people have now said it is not their job to break up these parties.

32
0
Lockdown Sceptic
Lockdown Sceptic
3 years ago
Reply to  Silke David

Were there

Stand in South Hill Park Bracknell every Sunday 10am meet fellow lockdown sceptics
Join our Stand in the Park – Bracknell – Telegram Group
http://t.me/astandintheparkbracknell

1
0
HelenaHancart
HelenaHancart
3 years ago

Wonderful to see! The energy is so high, and there is so many there that the police have withered down into a few small groups. This is probably better that what would have happened in normal times! They’re just making their way down to Doris’s gaff now…

39
0
BurlingtonBertie
BurlingtonBertie
3 years ago
Reply to  HelenaHancart

BBC doing their usual with zero coverage…

33
0
HelenaHancart
HelenaHancart
3 years ago
Reply to  BurlingtonBertie

The BBC are finished. This is being filmed and shared worldwide, same as yesterday’s march, by the people. Don’t need the MSM.

56
-1
BurlingtonBertie
BurlingtonBertie
3 years ago
Reply to  HelenaHancart

Sadly the majority of the public don’t believe sources other than the MSM broadcast media…
Great to see the footage elsewhere.

19
0
Cecil B
Cecil B
3 years ago

Lots of Soy Boys, they ain’t gonna get your freedom back for you

2
-41
Dobba
Dobba
3 years ago
Reply to  Cecil B

Where’s all the ‘real men’ been during this whole shit show? The football firms and wannabe gangsters? Being a ‘man’ has nothing to do with appearance. It’s what’s in your heart, being free of mind and thought and how you treat others that counts.

Last edited 3 years ago by Dobba
48
0
Cecil B
Cecil B
3 years ago
Reply to  Dobba

Oh Jesus, pass the sick bucket we are done for

1
-35
Dobba
Dobba
3 years ago
Reply to  Cecil B

Grow up man and have some integrity.

9
-1
Tillysmum
Tillysmum
3 years ago
Reply to  Dobba

Agree. And use less of the blasphemy.

1
-1
Lockdown_Lunacy
Lockdown_Lunacy
3 years ago
Reply to  Cecil B

At least they had the balls to get out there and be heard. Plenty of people I thought were real men are still wandering around Tesco in bitch muzzles.

68
-1
Hypatia
Hypatia
3 years ago

Is this related to the “Danser Encore” flash mob/ protests in France and other parts of Europe? Very encouraging, go young people and dance! I’m not as young as I was but I would join in!

19
0
actualinterview
actualinterview
3 years ago

I streamed the event today.

https://youtu.be/Jti7o5s7ICI

5
0
actualinterview
actualinterview
3 years ago

I streamed the event today.
https://youtu.be/Jti7o5s7ICI

5
0
Lockdown Sceptic
Lockdown Sceptic
3 years ago

Katie Hopkins: Angela Merkel banning Brits from EU. Alright for her to fly to G7 Though?

https://www.youtube.com/watch?v=5_eCQyuETE4

Stand in South Hill Park Bracknell every Sunday 10am meet fellow lockdown sceptics
Join our Stand in the Park – Bracknell – Telegram Group
http://t.me/astandintheparkbracknell

0
-1
Cranmer
Cranmer
3 years ago

Why is there always someone lurking in the background with a mask on, taking a picture with his phone? It stands out like a man keeping his hat on in church.

0
-1

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