BVRLA paints a bleak picture of electric vehicle market

Sales of electric vehicles are falling, along with residual values, says the report, while confidence in these vehicles is slipping.

BVRLA chief executive Gerry Keaney said:

In a landmark year for road transport decarbonisation, electric vehicle registrations are stalling, demand for electric vans is falling, while the used market for EVs faces collapse. Early momentum is waning. We have over one million zero-emission vehicles on the road, yet demand is imbalanced. We have more public charge points rolling out every month, yet confidence is slipping.

The report says charge point rollout is showing strong performance and remains on track to surpass the UK target of 300,000 units by 2030. Improvements in the existing network are being shown in better reliability, but the charging experience still needs development. Van-accessible charge points are not commonplace and there are universal calls for charge points to be booked in advance and for payments to be simplified.

Elsewhere, the report explores the changing picture of repair, maintenance and insurance, as well as the state of the used BEV market and how it will evolve as the UK’s car parc changes. Across the core themes of vehicle demand, supply and infrastructure, the report provides updated KPIs and progress indicators.

Keaney added:

This year’s report presents a warts-and-all review of where we stand today. It highlights where the biggest wins can be delivered and how to stimulate previously overlooked sectors. Our new government must hit the ground running on road transport decarbonisation. Targeted action is needed on charging infrastructure, the used market, and the van transition. Armed with the insights in this report, we are ready to further those discussions right now.

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