Tuesday, July 26, 2011

UK Electric Cars Not Selling



According to the WWF and the Committee on Climate Change,
"… at least 1.7 million electric cars need to be on the UK's streets by 2020, and 6.6 million a decade later, if the country is to meet its climate change targets.
To achieve the desired number of vehicles on the road, electric cars need to be sold at a rate of 200,000 a year (16,000 per month) from now until 2020 and 490,000 a year (41,000 per month) from 2020 to 2030.

In a nutshell, climate change targets require tens of thousands of vehicles be sold monthly. Unfortunately, it's not happening. Current sales figures are dismal.

Only 680 electric cars were sold in the UK in the first six months of 2011, averaging 113 vehicles each month.

Given that the government subsidizes each electric car sale by paying the first £5,000 (USD $8,170), the public enjoys a substantial incentive to purchase.

But it doesn't seem to be working.

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