Connect with us

News

UK has reached 1 million BEVs, but incentives still recommended: SMMT

Credit: Tesla

Published

on

The United Kingdom (UK) has surpassed an important milestone for battery-electric vehicle (BEV) sales, now reaching over one million BEVs on the country’s roads. Despite this, some say that incentives are still needed to help accelerate the transition to zero-tailpipe emission cars, including the passage of BEV incentives for consumers.

The UK surpassed one million BEVs on its roads in January, according to the industry organization the Society of Motor Manufacturers and Traders (SMMT) in a report shared on Monday. The accomplishment comes without any government incentives for consumers, though the group notes that lowering value-added taxes (VAT) on BEV purchases could help reach decarbonization goals even more quickly, helping to drive sales up for the individual consumer.

“It’s taken just over 20 years to reach our million EV milestone – but with the right policies, we can double down on that success in just another two,” said Mike Hawes, SMMT CEO. “Market growth is currently dependent on businesses and fleets.”

The report notes that the new car market as a whole grew 8.2 percent in January, with a total of 142,876 vehicles registered. BEVs made up 20,935 of those, representing a 21 percent increase year over year. In addition, the report forecasts that BEVs could make up one out of every five car purchases in 2024, and the organization says that total BEVs could be increased to two million in just two years—if the government embraces incentives in its upcoming budget.

“Government must therefore use the upcoming Budget to support private EV buyers, temporarily halving VAT to cut carbon, drive economic growth and help everyone make the switch,” Hawes added. “Manufacturers have been asked to supply the vehicles, we now ask government to help consumers buy the vehicles on which net zero depends.”

Advertisement

The group says that cutting the VAT on new BEVs would cost the Treasury £1,125 (~$1,410) per car, which it says is less than that of a previous plug-in car grant. Along with being more affordable than that grant, the organization says that it would put over a quarter of a million additional BEVs on the road by 2026, along with those already expected to sell. This would result in a reduction of more than five million tonnes of CO2 in that time, putting the country on track to reach two million BEVs in the next two years.

The next UK parliament budget is set to take effect on March 6.

According to the organization’s data by brand, Tesla’s vehicles made up 1.11 percent of the overall market share, regardless of powertrain, marking an increase from the 0.44 percent in January 2023. The Tesla Model Y has led BEV adoption in the UK and much of the world, with the automaker topping the UK’s most popular EV list for the fifth year in a row in 2023.

In September, UK Prime Minister Rishi Sunak delayed bans on gas cars to 2035, after the country had originally set this goal for 2030. Along with the call for increased incentives from the SMMT, automakers such as Tesla, Ford and Volkswagen have called for stricter zero-emission-vehicle (ZEV) standards, while others have requested further delays to gas car sales bans.

Tesla outsells Peugeot, Mercedes-Benz & Nissan in the UK

Advertisement

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.

Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Advertisement
Comments

News

Tesla rival’s CEO makes shock suggestion to customers about Model Y

“The Model Y is a great car, and Tesla also announced a number of promotions yesterday, so you might want to consider it.”

Published

on

(Credit: Tesla)

Tesla rival Xiaomi is experiencing demand that is off-the-charts with its new YU7 crossover, which competes with the Model Y. The company’s CEO has stated that demand is truly outpacing what it can build, and that customers in limbo should consider the Model Y because “it’s a great car.”

The Xiaomi YU7 has already gained an incredible number of orders so far. Its launch a few months ago had consumers busting down doors to place an order before others, and demand has been so high that customers will wait, on average, between 56 and 59 weeks for delivery.

Tesla Model Y meets new competition from Xiaomi 

Within 18 hours, Xiaomi received about 240,000 orders, CarScoops reported. Some customers are truly interested in the vehicle, but cannot wait the extended period to take delivery as they might need a car now.

Xiaomi CEO Lei Jun said on social meida that there are other cars out there that would be suitable as a replacement to the YU7:

Advertisement

“If you need to buy a car quickly, other China-produced new energy vehicles are pretty good.”

He explicitly mentioned the Model Y, Xpeng G7, and Li Auto i8.

Regarding the Model Y, he said:

“The Model Y is a great car, and Tesla also announced a number of promotions yesterday, so you might want to consider it.”

The Model Y has been the best-selling car in the world over the past two years, and it still leads in many markets as the most sought-after EV. However, in China, there are so many formidable competitors that customers are seemingly going for whatever they can get to first.

Advertisement

Of course, a car is a car, but Tesla has gained a more notable reputation for its industry-leading tech and driver assistance systems, including City Autopilot, which has been used in China for a few months now.

Tesla China owners share first impressions of FSD-style “City Autopilot”

Continue Reading

News

Tesla offers tasty Supercharging incentive as Q3 push continues

Published

on

Credit: Tesla

Tesla is offering a tasty Supercharging incentive on inventory Model 3 units in Canada as it continues to push sales in the third quarter.

In the United States, Tesla is preparing for the end of the $7,500 electric vehicle tax credit. While it is offering a multitude of incentives in the U.S. to help push sales of its vehicles before the credit goes away, it is not saving the deals for Americans exclusively.

Yesterday, the company announced it is now offering Free Supercharging for life on all Model 3 inventory in Canada, a massive incentive for those who would use the vehicle as a daily driver:

The deal would normally only apply to Superchargers located in Canada, meaning if a Canadian drove over the border into the United States and Supercharged, they would have to pay for it.

However, Tesla also confirmed that the charging deal would extend to the U.S. Canadians will be able to drive across the U.S. and Supercharge for free for the life of the vehicle.

Free Supercharging is such a great perk because the money an owner saves on charging factors directly into what they are saving if they were to own a gas car. While Supercharging and home charging are, on average, cheaper than filling up with gas, the savings are not massive.

When Supercharging is free, it can save consumers hundreds of dollars per month, especially if they plan to use the Tesla for their daily commute. Some people could fill their gas cars up two times a week to get to work, spending $80-$100 every five days on gas.

Advertisement

Tesla has been using incentives like this to push vehicles into customers’ hands. Q3 could be one of the best three-month spans in recent memory with the push it is making.

Continue Reading

News

Tesla is preparing to take on autonomy’s final boss

India’s city streets are notorious for their complexity and congestion.

Published

on

Credit: Whole Mars Catalog/YouTube

If there is any sign that Tesla is now confident about its self-driving program, it would be this. As could be seen on Tesla’s Careers page, the company is now hiring Autopilot Vehicle Operators in Delhi and Mumbai, India. 

As far as real-world traffic is concerned, one could argue that India’s city streets are the final boss of autonomous driving systems due to their complexity and congestion.

Tesla job openings

As per Tesla in its recent job openings, Prototype Vehicle Operators will be responsible for driving an engineering vehicle for extended periods and conducting dynamic audio and camera data collection for testing and training purposes. In both its job listings for Mumbai and Delhi, Tesla noted that successful applicants will be gathering real-world data on the weekends and around the clock. 

Considering the job openings in India, Tesla seems to be intent on rolling out its advanced driver-assist systems like FSD in the country. This is quite interesting, as Tesla is not hiring Prototype Vehicle Operators in other territories that recently launched, such as the Philippines. Perhaps Tesla intends to tackle FSD’s final boss of sorts before rolling out FSD in other territories.

FSD’s rollout

Tesla’s autonomous driving program uses the company’s Full Self-Driving system, which is currently available on vehicles in North America and China. Tesla, however, has a more advanced version of FSD called Unsupervised FSD, which is currently being used in vehicles that are part of the Robotaxi pilot in Austin and the Bay Area.

Advertisement

Elon Musk has also recently announced on X that Tesla will be releasing FSD V14 in the coming weeks. He also shared a number of improvements that can be expected from FSD V14. “The FSD release in about 6 weeks will be a dramatic gain with a 10X higher parameter count and many other improvements. It’s going through training & testing now. Once we confirm real-world safety of FSD 14, which we think will be amazing, the car will nag you much less,” Musk wrote in his post. 

Continue Reading

Trending