“THE UK took a giant step along its electrification journey last year, with more than 190,000 new electric vehicles registered, accounting for 12% of the market – a major boost as we work towards net zero,” commented Meryem Brassington, electrification propositions lead at Lex Autolease (pictured left).
“Accelerating electric vehicle adoption must remain at the top of the industry’s priorities if we’re serious about leading the EV charge. Continued fiscal support has been the driving factor behind increased adoption levels to date but we cannot afford to let this slip. We’ve already seen reductions to the Plug-in Car Grant and any future tax or grant changes must be gradual and proportional until we begin to see cost parity between some ICE and EV models.
“What’s more, the used car market will increasingly come into focus this year, especially as higher carbon emitting vehicles are being phased out. Without fiscal support to encourage second-hand acquisition, growth may stall and impact the overall picture of the UK’s electric car parc.”
Meryem Brassington was commenting on the final registration figures for 2021 which saw electric vehicles take one in nine of all new cars registered and during the month of December one in four vehicles of all cars registered – source SMMT.
Lex Autolease is a funder partner of Broker News.
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
