BMW is among the leading auto makers filling the electric vehicle sales gap left by Tesla. Image courtesy of BMW Group.
The growing convenience of EV charging is another factor tamping down ICE sales. New AutoMotive notes that the combined number of public, home, and workplace EV charging stations is almost 15 times the number of fuel pumps in the UK.“Sales of electric vehicles reached 17.9% of the new vehicle market share in May, continuing best ever start to year,” New AutoMotive explained in a press statement.
Other electric vehicle makers have made up the difference, with the UK being one example. New AutoMotive notes that BMW is on track to lead the UK in sales, replacing Tesla in the #1 slot.As for who is buying electric vehicles, New AutoMotive CEO Ben Nelmes suggests that drivers who own diesel cars are moving straight up to electric drive rather than stepping sideways to gas.
“There have been numerous news articles recently reporting a fall in the number of private individuals who are buying electric cars. Yet the data show that in 2023, private ownership of the cars had never been higher,” New AutoMotive observes. “Commercial fleets, on the other hand, are footing a lot of the bill of Britain’s shift to EVs,” they emphasize., which is edging its way into Europe and other markets. As swapping-equipped EVs enter the used vehicle market, buyers could be attracted by the idea of gettingThe turbo-boosting role of fleet vehicles is also at work here in the US. Late last year the leading rental car firmFleet car or not, the used electric vehicle market is beginning to give ICE cars a run for the money.
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