The automotive market in Britain will have weaker demand for Battery electric vehicles [BEVs] in 2023, with experts predicting a drop in numbers amid high energy costs and insufficient charging infrastructure.
The Society of Motor Manufacturers and Traders [SMMT] released its latest figures and forecasts on May 4. The association anticipates a softened demand for BEVs, having downgraded their expected 2023 market share from 19.7 percent to 18.4 percent.
While in January, SMMT estimated that in 2024, 23.3 percent of new car registrations will be BEVs, it revised its evaluation lower to 22.6 percent.
“The new car market is increasingly bullish, as easing supply chain pressures provide a much-needed boost. However, the broader economic conditions and chargepoint anxiety are beginning to cast a cloud over the market’s eagerness to adopt zero-emission mobility at the scale and pace needed,” SMMT chief executive Mike Hawes said….