Remove Affordable Remove Automobile Remove United Kingdom
article thumbnail

ACEA map: Affordability of electric cars, correlation between market uptake and GDP in the EU

Green Car Congress

The European Association of Automobile Manufacturers (ACEA) has published an interactive map that illustrates the correlation between the market uptake of electrically-chargeable vehicles (ECVs) and GDP per capita for each of the 27 EU member states and the United Kingdom. Across the EU, 3.0% Across the EU, 3.0% and Italy 0.9%).

article thumbnail

Volkswagen Temporarily Cutting Production of European EVs

The Truth About Cars

However, examples sold in the United Kingdom are priced closer to $44,000 (likewise converted into USD). The synergies afforded by economies of scale tend to lose momentum as volumes decline and there are very few automakers that will be able to continue selling automobiles with exceptionally broad margins.

article thumbnail

The Future of Tech in Mobility

Clean Fleet Report

The introduction of gas-powered engines and automobiles changed the world. Half a century later World War II saw many things, including even more advances in automobiles and transportation. After the War, automobiles became readily accessible. Nearly every family had an automobile. Affordability is an issue.

Future 81
article thumbnail

Report: Porsche Killing Combustion Models Sooner Than Anticipated

The Truth About Cars

Emissions requirements are also becoming so stringent that it’s bordering on impossible to meet them with combustion models and many European countries actually have dates that will ban gas or diesel-powered automobiles. The United Kingdom likewise just saw Conservatives lose to the hard-left Labour Party.

Porsche 104
article thumbnail

ACEA: data show EU market for electric cars highly fragmented; need for inclusive measures

Green Car Congress

The European Automobile Manufacturers’ Association (ACEA) has published new data demonstrating the correlation between the market uptake of electrically-chargeable vehicles (ECVs) and both GDP and customer incentives. Affordability is clearly a major barrier. ECV Units sold. United Kingdom. ECV Units sold.

Greece 150
article thumbnail

Driving Dystopia: Industry Revisiting Vehicle Subscription Services

The Truth About Cars

If the average American (and European) can no longer afford to buy a new vehicle, perhaps they could just rent them indefinitely. Another study from PwC suggested that the United Kingdom might be even more willing to accept vehicle subscriptions. A YouGov poll form earlier this year offered up some interesting takeaways.

article thumbnail

Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. That makes the $33,550 (before any federal tax credits or state incentives) Kona Electric the most affordable way to take advantage of the deal.

Hyundai 104