Skip to main content

Electric cars overtake diesel as new car.

 

Electric car

Electric car purchases overtook diesel models in the UK for the first time last year. Still, new car sales fell to their lowest level in three decades, according to the Society of Motor Manufacturers and Traders. Some 1.61mn cars were registered last year, 2 per cent down in 2021 and even lower than the 1.63mn registered in 2020, when the industry was forced to shut down during the pandemic, according to the SMMT’s annual figures published today. «Manufacturers have struggled to make the vehicles in the quantity they need,» he added. Electric car sales rose more than a quarter in 2022, accounting for 16.6 per cent of sales, while diesel demand fell to less than 10 per cent.

Battery electric «is now the second most popular power-train among UK new car buyers, supplanting diesel for the very first time», said Hawes. Petrol cars remained the most popular option for buyers last year, accounting for more than half of sales. Hybrid models were 11.6 per cent of sales, and plug-in hybrids that can recharge were 6.3 per cent of sales. Electric vehicles «still account for less than 2 per cent of vehicles on the road, so there is a long way to go before we have decarbonised road transport», Hawes added. However, one in three new cars sold in December was pure electric, a figure inflated by a late delivery of Teslas from China during the month.

New rules come into effect next year stipulating that a percentage of each carmaker’s sales must consist of zero-emission vehicles. The levels are expected to begin at 22 per cent in 2024 and rise to 100 per cent by 2030. As a result, the SMMT expects overall sales to increase by about 15 per cent this year as manufacturers can make more cars for customers on their waiting lists, despite the worsening more comprehensive economic outlook.

www.sba.tax

Labels:

Comments

  1. Alicia5 January 2023 at 14:53

    Without a boost from the government these figures will not be where they should. We can't postpone this zero-emissions target any longer, the planet won't take it for much longer.

    ReplyDelete
  2. John5 January 2023 at 16:18

    It's good to hear things are going in the right direction but it's already way too late so I want to see more, much more done in this regard.

    ReplyDelete

Post a Comment

Cloud Bookkeeping

HS2 cost cuts new routes and add delays.

 Trans­port depart­ment offi­cials have begun work on «Project Sil­ver­light» sug­gest­ing the high­speed rail scheme might face four addi­tional years of delay. The planned High Speed 2 rail line faces fur­ther delays of up to four years and more cuts to the project under plans being drawn up by min­is­ters to rein in its bal­loon­ing costs. The extra delays to the coun­try’s biggest infra­struc­ture project would mean that it would not be com­pleted until as late as 2045 — 12 years after ori­gin­ally planned. «This is a func­tion of infla­tion; we are hav­ing to find huge sav­ings because the cost of everything the depart­ment is already doing will have become so much more expens­ive by then,» said one gov­ern­ment offi­cial. In Octo­ber, the FT repor­ted that the Treas­ury had asked HS2’s man­age­ment team to identify poten­tial cuts or «scope reduc­tions» to the high-speed line. Trans­port depart­ment offi­cials have sub­sequently begun work on Project Sil­ver­light aimed at fi...
4 comments
Read more

Google has launched its Bard chat­bot.

  Google has launched its Bard chat­bot in a move to rival OpenAI’s pop­u­lar Chat­GPT, as it seeks to make up lost ground in the race to com­mer­cial­ise gen­er­at­ive arti­fi­cial intel­li­gence tech­no­logy. Google said that Bard, which provides answers to text­based ques­tions, will be run sep­ar­ately from its Google Search engine. In recent weeks, gen­er­at­ive AI has also been integ­rated into widely used pro­ductiv­ity applic­a­tions, such as Google’s Work­space includ­ing Google Docs and Gmail, and Microsoft’s Office 365 soft­ware, as well as into pop­u­lar apps such as Duolingo, allow­ing mil­lions of people to start inter­act­ing with the tech­no­logy. «We want to get feed­back and gradu­ally phase up the num­ber of people who have access to Bard, and the reason for that is we want to be able to test and learn from that before we roll it out very widely,» said Zoubin Ghahramani, vice-pres­id­ent of Google Research. Bard is built on top of Google’s AI tech­no­logy known a...
3 comments
Read more

Doubt on CS's collateral.

  Credit Suisse provided an emergency $140mn loan to Greensill Capital based partly on invoices to companies that deny ever doing the business stated on the documents. The Swiss bank provided the loan in October 2020, less than five months before the collapse of Greensill, a supply chain finance firm that counted former British prime minister David Cameron as a senior adviser. Invoices issued by metals magnate Sanjeev Gupta’s Liberty Commodities and sold to Greensill formed part of the collateral for the loan, according to documents seen by the Financial Times and people familiar with the transaction. Yet several of the parties named on the invoices have told the FT they did no business with Liberty. GFG has consistently denied any wrongdoing. Credit Suisse’s loan had a clause dictating that the collateral value had to be equal to or greater than the $140mn borrowed. The terms of the debt agreement only allowed invoices on Green-sill’s balance sheet to count towards this tally if t...
2 comments
Read more