Motoring experts at DriveElectric have predicted a significant rise in EV sales in 2023 after supply issues hindered EV sales growth in 2022.
The figure is based on DriveElectric’s own forecasts and is a significant increase from the 267,203 battery-electric vehicles registered in the UK in 2022.
Mike Potter, CEO at DriveElectric says: “We have seen preference for electric vehicles continue to grow as more than 50% of people planning to buy a car have stated they will choose from either fully electric, plug-in hybrid or hybrid vehicles.
“There has also been a shift in the vehicle market as younger drivers choose their cars. In the 2021 census, it was revealed that over half of the young drivers in the UK will most likely switch to electric cars in the next decade.”
The company predicts a 24.9% market share for battery electric vehicles in 2023, and a total market of 1.8 million registrations, translating to 448,000 BEV registrations.”
Using their own algorithm built from intelligence of the UK market, DriveElectric forecasted a 16.7% market share for BEVs in 2022, which was almost identical to the actual market share of 16.6%.
As more EV factories open around the world, it is predicted that the number of vehicles produced and delivered will increase. It is also predicted that the UK will see an increase in the presence of Chinese car brands.
It is also predicted that the continued volatility of energy prices will see more people exploring ways to reduce energy costs for charging EV’s for example using solar and battery storage.
1 thought on “Experts predict that UK motorists will buy 448,000 new electric vehicles in 2023”
People are realising the issues with EVs, namely charging. So what does charging really mean?
A 150KW fast charger is the single phase power supply to 11 terraced houses. A 7.5 amp domestic charger is the equivalent of an extra floor per dwelling. If these predicted numbers are to take place, on street charging must be put in place in the majority of dwellings without driveways.
If the nirvana of the electric fans comes about, there will be some big questions to answer. How much will it cost to install these charge points and how is it to be financed? Silence. Where is the power to come from? Renewables. OK, that was easy. Hang on, what about in mid winter when the days are very short? Not much solar power and if there is a big anti, the wind stops too. Whoops. Silence again except wild talk of batteries. Cost? A replacement car battery costs around £8-10,000. What will batteries cost to power the street, borough or city cost? Silence. How is this considerable increase in current demand, which will occur in peak times, reach its destination? The resistance in the existing grid will be far too high and cause fires, so the country will have to be re-wired. How much? Silence.
Of course more cars will come from China. It has been busy cornering the market in rare earth and copper, both of which are essential to EV manufacturing, not to mention cobalt which is mined by child labour in Congo. Where are the ecoloons’ ethics? China will simply clamp down on raw material supplies and force us to buy finished goods. This is how our empire was built and we are now about to have it done back to us.
This need not necessarily be so. Scrap the mad 2050 act and the even more insane 2030 ICE ban, get self sufficient in energy and we will start to become more stable but by no means out of the woods. For that we must reduce our utter reliance on china for strategic goods like pharma, electronics and raw materials.