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Brits more likely to buy an EV to save money than save the environment

Brits more likely to buy an EV to save money than save the environment

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British motorists are more likely to buy an electric vehicle because of the lower running costs instead of any environmental concerns.

British motorists are more likely to buy an electric vehicle because of the lower running costs

British motorists are more likely to buy an electric vehicle because of the lower running costs instead of any environmental concerns, new research suggests. Economic considerations are also key for non-EV buyers, too, with the top reason for people not buying an EV being the high cost of buying one.

 

However, when their data was pooled along with EV buyers, range anxiety came out on top as the most common concern about EVs.This will be a cause for concern for many car manufacturers, which have now developed batteries that can take vehicles over 300 miles per charge in many cases – far above what most people will travel in one hit.

 

In November, industry body the Society of Motor Manufacturers and Traders warned that considerably more electric vehicles were being sold compared with chargepoint installations.Its data shows that in 2020, there were 16 plug-in vehicles on the road for each public charger, up from 11 in 2019. At the moment there are 52 new plug-in vehicles being registered for every new charger, meaning the gap is only increasing.

 

However, despite these concerns, people looking to buy an EV rarely decide against it, with just one quarter opting not to buy one.The findings came from the Autovia Driver Power Shopper survey, which asks up to 60,000 people why they bought their car in the past two years.

 

Autovia editor-in-chief Steve Fowler said: “The growing impetus among consumers to want to buy an electric vehicle is well documented, but the reasons they didn’t choose an EV as their latest car are important for the industry to understand.

“Clearly the upfront cost of EVs and worries about charging remain the biggest obstacles but the depth of our latest research also reveals signs of hope for the EV sector.

“More good news for EV makers comes from the fact that, despite initial purchase prices putting many people off an EV over the past two years, they are increasingly perceived as cheaper to run. Lower running costs are cited most often as the top reason for considering an EV, which suggests consumers are becoming more confident in EVs.”

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