Practically two-thirds of UK motorists haven’t any plans to purchase an EV

Practically two-thirds (63%) of UK motorists haven’t any plans to purchase an electrical automobile (EV), in response to a brand new survey by insurers AXA UK.

The survey of 1,501 UK motorists highlights the dimensions of the problem dealing with dealerships as they appear to help extra drivers to make the change to EV the place appropriate.

Of these with no plans to buy an EV, greater than a 3rd (37%) say concern over battery lifespan is without doubt one of the fundamental causes.

Practically two-thirds (63%) of UK motorists haven’t any plans to purchase an electrical automobile (EV), in response to a brand new survey by insurers AXA UK.

The survey of 1,501 UK motorists highlights the dimensions of the problem dealing with dealerships as they appear to help extra drivers to make the change to EV the place appropriate.

Of these with no plans to buy an EV, greater than a 3rd (37%) say concern over battery lifespan is without doubt one of the fundamental causes.

As well as, solely 8% of these questioned mentioned they’d plans to purchase a second-hand EV.

The brand new analysis additionally reveals that motorists don’t plan to purchase EVs as a result of they imagine they’re too costly (61%) and since there’s a lack of charging factors of their native space (36%).

EV battery well being certificates

Alongside the analysis, AXA UK has printed a report, ‘Sparking Change – the case for delivering EV battery well being certificates’, which highlights the advantages of standardised battery well being info for all makes and fashions of used EVs to present shoppers extra confidence within the longevity of the autos they’re shopping for.

AXA UK imagine battery well being certificates may play a major position in stimulating the UK’s used EV market by offering a measure for automobile worth that doesn’t at present exist.

AXA mentioned certificates may have a optimistic impression on insurance coverage premiums by making it simpler for insurers to precisely assess the worth of second-hand EVs in an analogous approach that mileage is used for autos with an engine.

From April 1, new EVs priced over £40,000 might be topic to an annual costly automobile tax for 5 years at a price of £425, along with highway tax of £195 per yr being launched for all EVs.

Most EVs fall above the £40,000 worth mark, so used EVs current a lovely different for purchasers trying to make the change to electrical. 

Nevertheless, AXA mentioned issues over battery well being, vary points and automobile values imply “the second-hand market is faltering”.

Lack of expertise for used EVs

The analysis additionally reveals that there’s a clear lack of public consciousness across the used EV market, with practically two-thirds (64%) of these questioned saying there isn’t sufficient public info on the way to purchase a used EV.

Within the UK, new EVs and their batteries will need to have producer warranties of eight years or 100,000 miles however these are sometimes not handed on to subsequent house owners of the automobile.

There may be at present no standardised technique in place for the house owners of second-hand EVs to trace the automobile’s battery well being or efficiency.

Marco Distefano, managing director at AXA Retail, mentioned: “Battery well being certificates have the potential to spice up client confidence and drive demand to create a thriving second-hand EV market.

“It’s clear that motorists have issues round each the lifespan and value of EVs and with out addressing these points there’s a threat that EV uptake will stay low. 

“We urge the Authorities to urgently publish pointers to help standardised battery well being testing.

“Not solely will this stimulate the used EV market, but it surely additionally has the potential to positively impression insurance coverage premiums by offering a barometer for assessing the worth of EVs in an analogous approach that mileage is used for autos with an engine.”

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