Government Plans For Extra EV Charging Points
In recent news, the government have revealed plans to fund an extra 1,000 residential electric car charging points. An additional £2.5m in funding will be made available for this installation in residential areas. The aim is to make more charging points available, particularly for drivers of electric vehicles with no access to off-street parking and charging. (Source: Auto Express)
Will there be enough charging points to meet demand?
According to figures from the Society of Motor Manufacturers and Traders (SMMT), a total of 2,271 battery electric vehicles (BEV) were registered in July 2019. This was almost triple the number of BEV registrations in July 2018. We suspect this increased demand for EVs is largely driven by the substantial support and news coverage regarding plans for an entirely electric future within the automotive industry. However, as the number of registered EVs continues to rise, we wonder if there will be enough charging points to meet the demand.
Best-selling electric cars
Over recent years we have seen more manufacturers release new electric vehicles which often feature cutting edge technology. According to figures by carsalesbase.com, in quarter one of 2019 almost 83,000 full-electric cars were delivered. During this time, the new Tesla Model 3 started to be delivered and this generated over 18,000 deliveries. This Tesla model alone had a 22% share EV sales in the first quarter of 2019. Below is a table showing some of the other best-selling EVs in 2019-Q1.
So, would you consider buying an electric car or are you concerned about a lack of electric charging points? If you would like to discuss your options for a new vehicle with one of our friendly and experienced leasing consultants, then call us on 0161 762 5680.