Furthermore, Mr Hamilton suggests that EVs are going to become increasingly cheaper as sales progress over the next decade. ‘The price premium attached to many electric cars restricted some early adopters’, he explained. ‘However, as the costs have converged with petrol and diesel equivalents the pool of prospective buyers is set to rise.’
Financial incentives also enhance the appeal of electric vehicles in the United Kingdom. Likely incentives include exemption from pollution charges within cities, cheaper road tax, and cheaper company car tax. Deloitte concludes that, as such, ‘half’ of UK motorists ‘would consider’ an electric vehicle as a next purchase.
Certain issues have to be overcome before motorists fully embrace EVs however, Mr Hamilton suggests. ‘Overcoming consumer concerns around driving range and perceived lack of charging infrastructure will be important factors as more drivers consider the practicalities of switching to electric’, he explains.