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Home»Automotive»EV retailer numbers remain regular amid government indecision, market instability
Automotive

EV retailer numbers remain regular amid government indecision, market instability

Aimee TurnerBy Aimee TurnerAugust 20, 2024No Comments1 Min Read
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Ev Retailer Numbers Remain Steady Amid Government Indecision, Market Instability
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The variety of automotive retailers offering electric vehicles (EV) has stayed consistent year-on-year, with the dearth of growth blamed on government indecision and market instability.

Auto Trader’s research reveals that greater than half (53%) of outlets disagree with reinstating the 2030 ban on selling petrol and diesel vehicles.

Amongst franchise retailers, nearly half (48%) support the 2030 ban, in comparison with only 31% of independent retailers.

Following the previous government’s decision to push the ban to 2035 last October, nearly 1 / 4 (22%) of franchise retailers said they would scale back their electric vehicle (EV) inventory, while almost half (48%) of independent retailers indicated they don’t currently stock EVs and at the moment are even less prone to achieve this.

In July 2023, data from Auto Trader showed that just over a 3rd of outlets had at the least one electric automotive of their inventory – 76% of franchised and 19% of independent retailers.

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This Article First Appeared At www.am-online.com

government indecision instability market Numbers remain Retailer Steady
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Aimee Turner

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