Oops: Drivers Ditching EVs, Turning To Used Market For Fossil Fueled Vehicles

I’ll say again, I’m not against them: I’m still seriously considering one. But, it’s not the business of government to force this on citizens (via Not A Lot Of People Know That)

Electric car sales forecast slashed as drivers turn to secondhand market

Car makers have slashed their forecast for electric car sales this year amid an ongoing slowdown in demand.

The Society for Motor Manufacturers and Traders (SMMT) now predicts electric vehicles (EVs) will account for 18.5pc of the new car market in 2024, down from an earlier prediction of 19.8pc.

EV registrations surged higher in July but sales to private consumers continued to slump.

In figures published on Monday, the SMMT also revised down its forecast for the 2024 new car market as a whole, from 1.984m vehicle sales to 1.968m.

Within that estimate, the projected number of EV sales has fallen from roughly 393,000 vehicles to 364,000.

Mike Hawes, chief executive of the SMMT, said the figures still represented annual growth but warned that weakening demand for EVs among private consumers – despite heavy discounting by car makers – remained the industry’s “overriding concern”.

And that’s the thing, manufacturers are throwing insane amounts of cash to sell EVs. And I mean insane. Leases that look more like for a $24K car, not a $45K+ vehicle.

Mr Hawes said: “More people than ever are buying and driving EVs but we still need the pace of change to quicken, or else the UK’s climate change ambitions are threatened and manufacturers’ ability to hit regulated EV targets is at risk.

“Achieving market transition at the pace demanded requires greater support for consumers and action on incentives and infrastructure is needed now.”

How about he and the rest mind their own business? And why wasn’t Hawes asked if he’s driving an EV himself?

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