The timing of transitioning to an electric vehicle varies for each individual. Some may find it inevitable, while others may need significant adjustments to fully embrace an electric lifestyle. The urgency to purchase an electric vehicle has decreased after Prime Minister Rishi Sunak postponed the deadline for banning the sale of new internal combustion engine cars and vans. The shift from 2030 to 2035 was a contentious issue in his net-zero speech, where he also delayed the phase-out of gas boilers to reduce emissions by 2050. As EV charging costs decrease and fuel prices rise, there are calls for the government to introduce new measures. The UK has made progress in developing infrastructure for Electric vehicles, with many new EVs being registered. Sunak emphasized consumer choice in the transition to electric vehicles and praised the country’s advancements in becoming a leader in EV technology. Despite criticisms about high upfront costs and the need for a nationwide charging network, the delay in banning petrol and diesel vehicles gives manufacturers time to address these issues. As EV prices drop and more charging facilities become available, more drivers may consider making the switch before the 2035 deadline. Manufacturers are offering incentives and charging point operators are introducing subscription schemes to make EVs more accessible. It is possible that drivers could transition to electric vehicles before the end of the decade to save money and reduce emissions.
Keep an eye on this. We’ve seen the Japanese autos struggling in China and now @VW.
There are openings for VW in US EV market, particularly with more ID.4, ID. Buzz and the @Porsche Macan.
A reminder that the EV transition is a global story: https://t.co/eE6dvmHljO
— Corey Cantor? (@CoreyBCantor) March 13, 2024