eVED and charging costs slowing electric vehicle uptake
New research has revealed that 53% of dealers say high charging costs and new tax laws are the biggest threats to expansion of the used electric car market.
A similar number (52%) also said the planned introduction of the pay-per-mile Electric Vehicle Excise Duty (eVED) would impact sales.
October’s Startline Used Car Tracker also identified the lack of home charging options for people in terraced houses and apartments (48%) and confusion over the ZEV Mandate (38%), as key factors.
Paul Burgess, CEO at Startline Motor Finance, said: “The volume of electric cars entering the used sector is growing rapidly and, against this backdrop, we wanted to find out what dealers think are the biggest barriers to more motorists buying them.
“Our research shows three problems dominate – high public charging costs, eVED and a lack of charging options for drivers without driveways.
“Of these, eVED would be the simplest to solve and may well yet be abandoned due to political pressure. The other issues are more difficult. While substantial sums of money are being made available, on-street charging for people living in terraced houses and apartments is available in few locations. At the same time, high public charging prices are very much linked to the investment required to install chargers and the cost of power.”
