December 05, 2017 at 3:09 PM
New car sales could be higher for electric cars than for fossil-fueled cars by 2027 according to Go Ultra Low, a car industry and government campaign to promote electric cars in the United Kingdom. By 2027, Go Ultra Low expects electric car sales to exceed 1.3 million a year.
WHY WILL ELECTRIC CARS BECOME MORE POPULAR?
Electric cars have yet to acquire mass appeal. There are concerns over the availability of charging stations and how far electric cars can go on a single charge. The government has recognized these roadblocks to encouraging more drivers to go electric. The Autumn Statement by Chancellor Hammond addressed the issue of limited charging point availability by setting money aside to increase the number of charging stations in the UK. The increased number of charging stations should make driving electric cars more convenient.
Drivers of electric cars save money on fuel costs. An electric car can save the driver up to £750 a year.(1) Currently, there is a government grant to encourage drivers to make the switch to electric cars. Drivers may receive up to £4,500 discount on a new electric car.
The price of a new electric car may be alienating some buyers. However, the price is expected to fall dramatically in coming years. Affordable, long-range electric cars will encourage more buyers to make the switch.
In addition to economic reasons, consumers are putting more value on going green. Millennials make sustainability a priority when shopping more than any other generation has.(2) The sales of electric and hybrid cars rose by 40% in 2015. This was accompanied by a rise in other green spending habits such as organic foods, energy-efficient appliances, and solar panels for the home.(3)
DIFFERENT PERSPECTIVES ON ELECTRIC CAR POPULARITY
The UK government foresees electric as completely replacing fossil fuels for new cars by 2040.(4) This move to electric cars is not limited to the UK. The Netherlands and Norway intend to phase out fossil fueled cars in favor of electric cars as early as 2025.(5) Bloomberg New Energy Finance (BNEF) projects that 35% of cars will be electric by 2040.(6) In contrast, the Organization of Petroleum Exporting Countries (OPEC) predicts that only 1% of cars on the road will be electric by 2040 globally.(6)
Some car companies are getting prepared for an increase in the demand for electric cars. Tesla sold 50,000 electric cars last year. The company plans to be able to manufacture 500,000 in 2020.(6) They have built new factories to accommodate this increase in production. Jaguar Land Rover has announced its plan to start manufacturing electric cars in the United Kingdom.(7) BMW, Daimler, Ford and Volkswagen Group will be building 400 super-fast charging stations in Europe beginning in 2017.(8)
DRAWBACKS TO ELECTRIC CARS
Drivers with electric cars must develop a patience for charging their vehicles on the road. Rapid charging stations can charge the battery to 80% in about half an hour. Rapid charging stations are 43 to 50 kW. Slow charging takes six to eight hours and is typically done overnight. The ultra-fast charging stations that BMW, Daimler, Ford and Volkswagen Group are installing in Europe are 350 kW, so the charge can be completed very quickly.
People who own electric cars and hybrids need to be aware of where to find the nearest charge points. Zap-map.com is an app that shows drivers where registered charging stations are located in the UK.
Potential buyers often wonder about the range of electric vehicles. They worry that the cars won’t be able to go the distance needed between charging sessions. There are electric cars that travel more than 250 miles on a single charge.
WHO IS BUYING THE MOST ELECTRIC CARS NOW?
London is the current leader of UK electric and hybrid car sales. According to a poll of new car buyers by Carwow, 3.13% of the cars purchased in West London were electric or hybrid cars. (4) Oldham was home to the second most environmentally-friendly car buyers in the UK at 2.83%. Close behind Oldham in electric/hybrid car sales is Southall in the Middlesex part of west London at 2.8%. Northwest London is in fourth place at 2.75%.
East London and Harrow were tight in the running for the highest percentage of electric and hybrid car sales. East Londoners bought 2.63%, while Harrow car buyers opted for electric/hybrid cars 2.6% of the time. Following these leaders of electric car sales were Carlisle, Dundee, Shrewsbury, Leeds, and Sunderland.
If you are interested in finding out more of what a hybrid car can do for you, come to Nathaniel Car Sales Ltd to test drive a new Mitsubishi Outlander PHEV. This plug-in hybrid is a great car for buyers to make that first step into the world of electric cars.
1 "Electric Cars, Low Emission Motoring - Electric Cars, Low Emission Motoring - Go Ultra Low". Go Ultra Low. N. p., 2016. Web. 1 Dec. 2016.
2 "Green Generation: Millennials Say Sustainability Is A Shopping Priority ". Nielsen.com. N. p., 2016. Web. 1 Dec. 2016.
3 Rodionova, Zlata. "Ethical spending surges to £38bn in UK as consumers look to green alternatives". The Independent. N. p., 2015. Web. 1 Dec. 2016.
4 "Electric Car Sales Could Overtake Fossil Fuels By 2027". The Telegraph. N. p., 2016. Web. 1 Dec. 2016.
5 "How Electric Cars Could Smash BP Plc And Royal Dutch Shell Plc". Yahoo Finance UK. N. p., 2016. Web. 1 Dec. 2016.
6 "Here’s How Electric Cars Will Cause The Next Oil Crisis". Bloomberg.com. N. p., 2016. Web. 1 Dec. 2016.
7 Burn, Jonathan. "Jaguar Land Rover To Build Electric Cars In The UK". Auto Express. N. p., 2016. Web. 1 Dec. 2016.
8 "Car Firms To Build Electric Charge Network - BBC News". BBC News. N. p., 2016. Web. 1 Dec. 2016.