Loading ...Electric Vehicle Demand Slumps 65% in a Year
Buyer interest in new electric cars has slumped by nearly two-thirds since the start of last year, new figures released this morning suggest, but Government is full of ideas to push the unwanted products on an unconvinced public.
Online vehicle marketplace Auto Trader said it recorded a 65% drop in inquiries for electric cars last month compared with January 2022.
The company’s Road to 2030 report blamed the decline in demand for electric vehicles (EV) on a multitude of factors, including their premium price tags, the cost-of-living crisis, higher interest rates for borrowing and increase in energy prices.
Net Zero really is an anti-capitalist’s and statist’s dream, with never-ending cause for heavy-handed Government intervention and regulation to force people to do the ‘virtuous’ thing over the thing they want to do and that is most convenient and affordable for them.
https://dailysceptic.org/2023/04/20/electric-vehicle-demand-slumps-65-in-a-year/
I go in person to the same Insurance agent and ask the same question. How many new EV policies do you insure? The same answer, not many. What category is your largest class? The pickup truck or AWD SUV. Would you buy one? No, I hear stories from clients and I’ll stick to my present vehicle.
In Vancouver and other large cities where the drivers do not have long distances, they are of course more prevalent.
The Car Share (ICE vehicle), EVO, sponsored by BCAA is very handy and I’ve noticed that those under 30 tend not to own a vehicle at all. The price and the difficulty of charging them if all you have is street parking in front of your place makes an EV a very expense and frustrating toy. Like a junkie, always looking for the next charge.
If there was a way to measure kms driven a year, I would say that the EVs are driven way less per unit than the tried and proven ICE vehicles.
Without massive subsidies, the mkt could stagnate.