Drop in demand for electric cars as cost of living crisis bites | The Independent

11 comments
  1. I’m not surprised,
    Cost of living is crazy.

    While fuel prices remain high the price of a barrel of crued oil is down to 78/79 dollars on the international market,
    Yet we are seeing the energy companies make a fortune from us.

  2. I wonder how much the demand is down due to people realising how few chargers there are. And how poor the whole experience is.

    There are 4 or 5 different networks in just my small town. I either pay a subscription to get slightly cheaper power or “pay as you go”. Buy even PAYG you have to buy credit in advance for most of them.

    So you end up with a few quid stashed away in many different apps.

    Then there is the “out of order” problem. When a point goes wrong, it stays off for months. And the “is it in use” problem. And the “has someone non electric parked there” problem. Or even someone electric whos parked and is charged but won’t be back for hours.

    And most of the chargers are only 32A. Which takes hours to get any decent charge. I spoke to a travelling sales man who was trying to decide whether to sleep in his car at the charger or try and drive home. Less than 2 hours away… Or go find a fast charger that cost more and may have been occupied/broken and might leave him stranded. He said he makes that decision regularly.

    If the government want people to buy electric, they have to sort out the shit show.

    I recently noticed BP had removed my credit. 3 emails to their support system. All acknowledged automatically. None responded to. Sent in a charge dispute to my bank, they got the money back within a few days. Literally BP pulse, one of the biggest networks, are scamming their customers.

    I want to be green, but this is ridiculous levels of hassle. And I don’t even drive much and have a hybrid, so don’t even need to charge from the wall. (1000miles in 4 months and I’m already fed up and if I wasn’t in HP contract would go back to diesel)

  3. They got rid of all the subsidies Boris put in place for electric cars. I expect that is a factor too. You used to be able to get up to £3000 off the car earlier this year and 75% off the cost of the charger (costs about £1800 for that too). Given most of the electric cars are £15,000-£25,000 it wasn’t exactly cheap with the subsidies anyway.

  4. It’s requests through auto trader rather than any actual data. Supply has eased slightly over the last few weeks with a few boats full of Teslas arriving, so that may mean less people are scrabbling to get the few new cars availble and aren’t desperately messaging dealers on autotrader.

  5. The drop in demand is purely because lease costs have doubled (presumably due to interest rate increases)

    Charging facilities are getting better every month, with multi bay contactless payment fast chargers being built in many urban locations.

  6. The drop in demand is two-fold.

    Firstly the government proposing to bring in car tax to rival a petrol/diesel car and the huge cost of electric charging now.

    This effectively negates all the pluses of electric car ownership.

  7. Apart from the fact I couldn’t afford one (and see buying a new car a massive waste of money too) – I still don’t see the appeal of actually having an electric car.

    Yes they might be more eco friendly, but it must be such a pain and so limiting still.

    I’d hate having to be only travelling around where I can make sure it’s fully charged (which I’m sure is always improving, but still). And then having to stop for a fairly long time to charge on long drives, rather than pulling into a station, fill up, and be done in a couple of minutes.

    I think a hybrid car makes a lot more sense – at least till literally everywhere has multiple chargers, distance is better and charges are just a couple of minutes. Not 30+

  8. What’s the correlation in a drop in demand for ALL new cars? Are people just keeping their “old bangers” for longer?

    I do fit the use case for an EV however I don’t want to spend the sort of money that it requires to buy and EV or in fact any new car

  9. I was interested a little while ago but even with access to a salary sacrifice lease scheme they were just so frighteningly expensive on a monthly basis that it wasn’t worth it given how much everything else costs right now.

  10. I think it’s being driven based on cost. Few were really into it for the environment. Now the cost is close to ICE it isn’t so much fun (cue the 1% that invested in panels and a home battery replying to say its still massively cheaper)

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