ZEV Mandate, inflation and provide chain pressures look prone to dominate the agenda for sellers within the 12 months forward.
Ian Plummer, Auto Dealer Business Director commented that new automotive gross sales nonetheless sit “significantly behind” pre-COVID ranges.
“Even though electric car sales accounted for around a fifth of the total 2024 sales- not far off the government target – hitting the next target of 28% by the end of this year will be incredibly challenging,” he mentioned.
Jamie Hamilton, automotive companion and head of electrical automobiles at Deloitte, mentioned: “Waiting for 2025, the business can be hoping for inflation and provide chain pressures to ease, not least as a result of the heavy discounting incentives used to drive uptake over the previous couple of months seems to be unsustainable.
“There’s additionally hope inside the business that the federal government’s ongoing session on the Zero Emission Car Mandate will present a lot wanted readability and dedication. Nevertheless, with the Zero Emission Car goal growing to twenty-eight% in 2025 there’ll doubtless be higher strain on producers who’re already below pressure.
James Courtroom, public coverage director at Octopus Electrical Automobiles: “Unsurprisingly that is yet one more robust set of gross sales figures for EVs. The ZEV mandate is clearly working – even with the negativity being pushed by pockets of the business.
“We need a swift conclusion to the uncertainty around the ZEV mandate and refocus efforts of industry and government to make this transition a success, for everyone. A story that cleans up our transport system and ensures jobs for years to come.”