UK client sentiment in direction of EVs is gaining momentum as shopping for intent for ICE autos continues to say no, based on EY’s newest Mobility Client Index.
59% of UK respondents intending to purchase a automobile within the subsequent two years mentioned their choice could be a BEV, HEV or a PHEV, up from 54% in 2023.
David Borland, EY’s UK & Eire Automotive Chief, mentioned: “A very attention-grabbing discovering from this 12 months’s survey is that client curiosity in buying petrol and diesel autos is declining fairly considerably – a pattern which might show an important help to the UK’s EV transition, particularly in mild of the Division for Transport’s intention to revert the ICE gross sales ban again to 2030.
“That is significantly vital given a few of the well-documented latest stories across the challenges that EV demand continues to face.
“Going forward, it will be critical for key players across the automotive ecosystem to collaborate in providing adequate incentives to consumers to make the switch to ensure the UK’s increasing EV buying intent follows a consistent upward trajectory and is converted into increasing sales.”
23% have been most definitely to purchase a BEV, up from 19% final 12 months, adopted by 27% choosing a HEV (up 25%), and 10% choosing a PHEV (in step with final 12 months). 36% would like to buy an ICE automobile (down from 41%).
35% cited environmental considerations as a key motive for wanting to buy an EV, 31% cited excessive gas costs, and 27% cited rising penalties on ICE autos.
Maria Bengtsson, Head of Mobility at EY UK, mentioned: “EY’s newest Mobility Client Index signifies the UK is making in-roads with its EV transition, however there may be room for enchancment to make sure a easy and efficient transition whereas minimising teething issues.
“It’s necessary that policymakers work intently with producers and retailers to assist enhance perceptions additional round all-electric autos. One other key problem will likely be addressing client reluctance round being wholly reliant on charging infrastructure.
“Expensive battery replacement is also a key concern for UK respondents, so offering solutions like competitive Battery as a Services options could help boost adoption.”.
