New EV sales increase sharply in August: comment

“EV sales have been getting steadily stronger throughout the year, but this jump in market share to over 23% suggests sales are in increasingly rude health.

“Behind this success sits the previous Government’s Zero Emissions Vehicle Mandate, [2] which is incentivising manufacturers to lower their prices as they compete for sales to hit their EV sales targets. This is a war for motorists, offering up a wider variety of cheaper vehicles enabling more families to make the shift to cleaner and cheaper electric driving. And the more new EVs that are sold today, the more used EVs will be available tomorrow – which will benefit the majority of us who buy our cars on the second-hand market. [3]

“While some manufacturers, who’ve known for years that these targets were coming, complain about them others, such as BMW, Mercedes and Hyundai, are quietly going about their business and demonstrating that they can be met, and even exceeded. Ultimately the policy is helping more and more drivers access cheaper driving.”