Motorists need incentives to buy EVs

Thursday 20 Mar 2025
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The government needs to incentivise motorists into buying electric vehicles, the Society of Motor Manufacturers and Traders (SMMT) has declared.

Modelling by the SMMT suggests that under current market conditions, 1.782 million new EVs will be registered between 2025 and 2027. Growth could be accelerated by halving VAT on new EV purchases, which would boost demand by a further 15 per cent and put 267,000 new EVs on the road. This would raise registrations to 2.05 million electric vehicles, all of which will require charging facilities, insurance, maintenance, and eventually supply the used car market.

Read more in The Engineer here