We’ve seen a massive increase in enquiries on electric and hybrid vehicles over the last 12 months, not just from fleet managers and company car drivers, but even members of the public.
In 2020, electric vehicles had a great year overall. Globally, electric vehicles represented over 4% of new vehicle sales and this is only going to increase.
But there are more reasons to the growth of electric vehciles that will accelerate sales even higher over the next few years and here are a few reasons why.
When electric vehicles first hit the roads, range was extremelt limited. One of the early models the Nissan Leaf only had a range of just 73 miles, ok for the daily commute but not so for a day trip to the seaside.
Ranges now are far more impressive, with one of the best selling models; Tesla Model 3 topping 349 miles on their long range model. Some higher end Tesla’s will soon be passing the 500 mile mark.
Growth of the Charging Networks
We reported recently about the growth in the charging networks in the UK, with the amount of rapid chargers increasing by 37% in 2020.
Early adopters of electric vehicles found it difficult to do longer road trips with their only real guaranteed option of a charge, being at their home or at a push their workplace.
Public chargers are growing extremely quickly and chargers are not only popping up at motorway services but fast food outlets, supermarkets and shopping centres.
These chargers are rapid and some can charge your car to 85% in 30-45 minutes, saving you time in the long-run.
Decreases in the cost of batteries
The bulk of the cost when purchasing or leasing an electric vehicle is the battery, these vehicles still have a premium when compared to combustion engined vehicles.
But batteries have fallen in price over the last ten years by 89% according to the BENF and they are only heading one-way, down.
By 2023, BNEF estimates that by 2023, the cost per kWh on a battery could reduce to just £72. At this point it is anticipated that EV’s will be cost competitive to fossil fueled vehicles.
In-turn this will allow the vehicle manufacturers to produce more affordable vehicles with a range easily within the 250-300 mile bracket.
Increase in Availability from Manufacturers
In the early days, most electric vehicles were small cars with the only exception being the Tesla Model S. Electric Vehicles were left out by many of the manufacturers until consumers started to take notice.
As competiton and Government Guidelines kick in, the manufacturers will increase their model availability and even today, there are many more options available for fully electric vehicles, than there was 3 year ago.
Current vehicles such as the Kia Niro, Tesla Model 3, Jaguar I-Pace and the Renault Zoe, will be joined in the future from models from Ford, VW, Volvo and more.
This will allow consumers more choice and more competition between the manufacturers, should drive down purchase and car leasing prices.
Less Maintenance & Servicing
Electric Vehicles have a huge benefit of requiring less maintenance than their fossil fueled enemies. With maintenance requirements at an all time low due to technologies such as brake regen and less moving parts.
This over time will save EV owners lots of money over the duration of their ownership.
If you would like any further information on any of our electric vehicles, please contact the team on 01332 29017 or use the Enquiry Form below.
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