Following the increase in EV manufacturing facilities and the rise of EV brands on offer, electric vehicle experts at DriveElectric expect more drivers to adopt EVs.
As well as the increase in electric car sales, there will also be growing numbers of battery electric vans, and heavy goods vehicles (despite predictions that this market would never develop); the challenge will be building a charging network for electric HGVs, as well as installing suitable chargepoints for vans.
Mike Potter, CEO at DriveElectric says “Factors such as high interest rates and cost of living pressures had a significant impact on consumer EV sales in 2023; while there are still challenges such as the messaging around the ban on sales of new ICE vehicles being delayed from 2030 to 2035, the ZEV Mandate should help to maintain the rise in EV sales that we’ve seen over recent years. But due to an absence of consumer incentives and many manufacturers not having sufficient EVs in their model line-ups, it’s likely to be a challenge to meet the target of 22% of new cars being zero emission.
“Organisations will be continuing to adopt EVs in order to make progress towards their net zero and sustainability commitments, but feedback suggests that misinformation about electric cars in the media is having a negative impact on buyers. DriveElectric will continue to communicate in a trusted way about EVs, including with real-world case studies about the lower cost of electric vehicle ownership and the higher levels of customer satisfaction.”
Based on two million new car registrations in total, the company predicts a market share of 19% for battery electric cars (compared to 16.5% in 2023.)
Combined with battery costs reducing, an overall improvement in the supply of electric cars means that prices of new EVs are forecast to reach price parity with petrol cars in the forthcoming years.
The public charging network is also predicted to expand in 2024, particularly rapid and ultra-rapid chargers. Providing reassurance for drivers to adopt EVs.
For more information, visit https://www.drive-electric.co.uk/press/driveelectric-makes-2024-ev-sales-prediction/
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