UK electric fleet set to pass 40,000 vehicles

New industry figures just released show that UK electric car registrations have already surpassed their year-long 2014 total in just 6 months. The data also shows that UK EV registrations now number around 40,000 vehicles.

Between January and June this year there have been 14,586 new registrations, as compared to 2014’s annual total of 14,498. What’s more, The rate of growth stands at 256% against the same period last year.

This means that so far in 2015, on average, an electric car has been purchased every 18 minutes by a UK consumer; an indication that plug-in vehicles are starting to make an indent on the mainstream motoring world.

Registrations are doubling year on year in every region. This largely down to manufacturers expanding their model ranges and the government grants but also shows the level of awareness regarding the benefits of EV driving is starting to spread.

In addition to the obvious environmental advantages, consumers are starting to recognise the economic savings that can be made by switching to electric (average running cost 2-3 p/mile).

Transport Minister Andrew Jones said, “Soaring demand across the UK shows that more and more people view ultra low emission vehicles as the right choice for them. Plug-in cars are green, cheap to run and benefit both families and businesses. The Government is investing £500 million over the next five years to help position Britain as a world leader in the technology, supporting skilled jobs and driving economic growth.”

“Being just six months in to 2015 and having already exceeded last year’s total plug-in car registrations is testament to consumer confidence in this capable and cost-effective technology,” said Hetal Shah, Head of Go Ultra Low. “The year-on-year rises give us great confidence in the future of electric cars as we move towards an ultra low emission future.”

Dr Ben Lane, director of Next Green Car added: “The cumulative figures continue to show sustained growth of the EV market in the UK and elsewhere. Adding these latest figures from OLEV together with the fact that a significant number of EVs not eligible for the grant schemes have also been registered, the total UK light-duty electric fleet now numbers almost 40,000 electric vehicles.

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Next Green Car, Go Ultra Low

Norway continues to lead global EV market

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Norway continues to lead the global electric vehicle (EV) and plug-in hybrid vehicle (PHEV) market, according to recent analysis by IHS Automotive, a global provider of critical information and insight to the automotive industry.

In first quarter 2015, Norway ranked first as measured by market share of EV and PHEV registrations in a given quarter for eight countries; with a staggering 33% of all new cars registered having an electric power-train.

With EV/PHEVs representing one third of new vehicles registered in Norway during the first quarter of this year, Norway leads the first quarter rankings with just over 8,000 units, and achieved a 41% increase in volume over the same period in 2014. According to the latest figures, the Volkswagen e-Golf was the dominant model among consumers in Norway during the first quarter of 2015.

The reasons for the country’s conversion to electric cars are many and include Norway’s huge Sovereign Wealth Fund which enable the Government to provide a number of tax breaks for EV owners. In addition, whereas high import taxes are levied on conventional cars, EVs are exempt; a huge financial incentive for protective EV buyers.

The Netherlands experienced the second largest growth in electric vehicle share in the first quarter of this year, with more than 5,700 units registered, representing 5.7% of the market during the quarter. The UK, however, has gained much ground in the past 12 month with a 390% surge in EV sales which now represent 1.2% (8,684) of the new car market.

In terms of absolute sales, the U.S. and China continue to lead all countries based on volumes of new EV/PHEVs registered during the quarter, with nearly 15,000 registrations in the U.S. and nearly 13,000 registrations in China.

“While the federal tax credit in the U.S. of up to $7,500 USD for plug-in electric vehicles is continuing to encourage sales across the country, the adoption of these vehicles has been uneven, as consumer consideration and choice has skewed in favour of states offering additional incentives, like the Clean Vehicle Rebate Project in California or Georgia’s Zero Emission Vehicle Tax Credit,” said Ben Scott, senior analyst at IHS Automotive.

Based on volume, the most popular EV/PHEV in the U.S. is the Tesla Model S. However, the market share for EV/PHEVs in the U.S. remains low, with these vehicles accounting for just 0.8% of the market during the quarter.

In China, government incentives available support EV and PHEV ownership. Between the first quarter last year and the same time frame this year, the number of EV/PHEV registrations in China rose by nearly 750%. However, these vehicles continue to represent a very small percentage of the overall market in China – just 0.3%, indicating that further incentives may need to be considered to increase consumer acceptance.

The most popular plug-in vehicle in Q1 2015 in China is the BYD Qin PHEV. The United Kingdom also had impressive growth of 392% for plug-in vehicles between Q1 2014 and Q1 2015.

Japan is the only country to have a negative year over year percentage change. This is likely due to some EV incentives ending between this period and Japanese consumer preference towards HEVs (hybrid electric vehicles without a plug) over PHEVs.

Next Green Car, IHS Automotive