It should not be a surprise that entirely remaking one of the world’s largest industries, should encounter market challenges
It should not be a surprise that entirely remaking one of the world’s largest industries should encounter market challengesRecent trends in the market for electric vehicles suggest the targets set by Government for adoption of the technology will almost certainly not be met.
Some of these problems are being addressed; battery technology is improving and battery replacement costs are falling. Chinese manufacturers are bringing more competition, which should help with affordability.Roast chicken, the French way: C’est magnifique But consumers considering switching to electric may also worry that the current favourable tax rating of EVs will not continue. The transition to electric motoring will cost the exchequer at least ¤2.5 billion in lost excise duties, VAT, motor tax and vehicle registration tax per year. Changes to the current regime seem inevitable.
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