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SMMT Calls For Greater Support For Private Uptake Of EVs

The Society of Motor Manufacturers and Traders (SMMT) has called for greater support for private retail uptake of electric vehicles (EVs), as recent research found that businesses are twice as likely as consumers to make the switch from petrol or diesel.

Their 2020 research showed just 4.6% new car registrations for private users were battery electric vehicles (BEVs) compared to 8.7% for businesses and large fleets. 34,324 private BEV registrations and 73,881 corporate registrations respectively. The SMMT has now launched a blueprint to deliver greater retail uptake which calls for government and stakeholders to prioritise overcoming consumer concerns. This includes fairer incentives and a commitment to expanding public charging infrastructure.

Consumer acceptance of EVs remains low, says the SMMT, because of concerns over affordability, charge point availability and infrastructure reliability. Around one in three households have no dedicated off-street parking, leaving them disproportionately dependent on public charging points – of which around one in 10 are out of order at any given time. In comparison, businesses and company car drivers currently receive stronger and longer-lasting motivation through reduced purchase taxes and fiscal incentives compared to consumers. To alleviate fears over range and provide adequate coverage, the SMMT estimates that there needs to be around 2.3m public charging points in service by 2030 – equalling more than 700 new charge points every day until the end of the decade. The current installation rate is approximately 42 a day.

For the full article on the SMMT website please click here https://www.motorfinanceonline.com/news/smmt-greater-support-private-evs/