Mexican Media Brands
U.K.’s Electric-Car Market Stalls
British demand for electric cars totaled only about 2,600 units in January-August this year, less than half the volume sold in Norway or France in the same period, the Financial Times reports.
#economics #hybrid
Share
British demand for electric cars totaled only about 2,600 units in January-August this year, less than half the volume sold in Norway or France in the same period, the Financial Times reports.
The newspaper blames the sluggish pace on laggardly spending by the U.K. government to meet its own targets for EV sales incentives and charging stations.
The government pledged to invest 400 million (€474 million) in infrastructure and incentives between 2010 and 2015. But it has spent or assigned to projects only about 134 million (€159 million), according to the FT.
EV buyers can collect a 5,000 (€5,900) rebate for their purchase. But the government has spent only a relatively modest 25 million (€30 million) on the program so far, the newspaper says. There are no national sales targets for EVs, and the government does not offer electrics as an option for its ministers.
The U.K. has installed about 5,000 public EV charging points, according to the FT. But it says only 220 are so-called rapid charger that can restore most of a battery's charge in about 20 minutes.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.