Nearly two-thirds (63%) of UK motorists haven’t any plans to purchase an electrical vehicle (EV), based on a brand new survey by insurers AXA UK.
The survey of 1,501 UK motorists highlights the dimensions of the challenge facing dealerships as they give the impression of being to help more drivers to make the switch to EV where suitable.
Of those with no plans to buy an EV, greater than a 3rd (37%) say concern over battery lifespan is one in every of the essential reasons.
Nearly two-thirds (63%) of UK motorists haven’t any plans to purchase an electrical vehicle (EV), based on a brand new survey by insurers AXA UK.
The survey of 1,501 UK motorists highlights the dimensions of the challenge facing dealerships as they give the impression of being to help more drivers to make the switch to EV where suitable.
Of those with no plans to buy an EV, greater than a 3rd (37%) say concern over battery lifespan is one in every of the essential reasons.
As well as, only 8% of those questioned said they’d plans to purchase a second-hand EV.
The brand new research also shows that motorists don’t plan to purchase EVs because they consider they’re too expensive (61%) and since there may be a scarcity of charging points of their local area (36%).
EV battery health certificates
Alongside the research, AXA UK has published a report, ‘Sparking Change – the case for delivering EV battery health certificates’, which highlights the advantages of standardised battery health information for all makes and models of used EVs to provide consumers more confidence within the longevity of the vehicles they’re buying.
AXA UK consider battery health certificates could play a major role in stimulating the UK’s used EV market by providing a measure for vehicle value that doesn’t currently exist.
AXA said certificates could have a positive impact on insurance premiums by making it easier for insurers to accurately assess the worth of second-hand EVs in an analogous way that mileage is used for vehicles with an engine.
From April 1, recent EVs priced over £40,000 can be subject to an annual expensive automotive tax for five years at a price of £425, along with road tax of £195 per 12 months being introduced for all EVs.
Most EVs fall above the £40,000 price mark, so used EVs present a gorgeous alternative for patrons trying to make the switch to electric.
Nonetheless, AXA said concerns over battery health, range issues and automotive values mean “the second-hand market is faltering”.
Lack of information for used EVs
The research also reveals that there’s a clear lack of public awareness across the used EV market, with nearly two-thirds (64%) of those questioned saying there isn’t enough public information on buy a used EV.
Within the UK, recent EVs and their batteries should have manufacturer warranties of eight years or 100,000 miles but these are sometimes not passed on to subsequent owners of the vehicle.
There may be currently no standardised method in place for the owners of second-hand EVs to trace the vehicle’s battery health or performance.
Marco Distefano, managing director at AXA Retail, said: “Battery health certificates have the potential to spice up consumer confidence and drive demand to create a thriving second-hand EV market.
“It’s clear that motorists have concerns around each the lifespan and price of EVs and without addressing these issues there may be a risk that EV uptake will remain low.
“We urge the Government to urgently publish guidelines to support standardised battery health testing.
“Not only will this stimulate the used EV market, nevertheless it also has the potential to positively impact insurance premiums by providing a barometer for assessing the worth of EVs in an analogous way that mileage is used for vehicles with an engine.”
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