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Cars
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Press Releases
EVs are predicted to increase electricity demand by 71.6TWh
The latest figures from Cornwall Insight’s ‘Benchmark power curve’ forecasts that by 2040 EVs will contribute an additional 71.6TWh, this is a massive 31 times higher than the current level of demand for electricity from electrified transport and 25% of current annual demand which stands at 299TWh (excluding losses). According...
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Media Mentions
Business Motoring | EV feature
Katie Hickford Analyst at Cornwall Insight featured in Business Motoring's EV guide. She shared her thoughts on the current choice of electric vehicle (EV) tariffs on the market. Katie explained that at the current choice of tariffs available to new EV owners is small, with a total of 11 suppliers...
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Press Releases
Does the number of EV tariffs match the EV burgeoning sales?
Figures from the Society of Motor Manufacturers and Traders Ltd (SMMT) showed that combined, Battery Electric vehicles (BEVs) and plug-in hybrids (PHEVs) accounted for 17.2% of new car sales in June, with BEVs accounting for more than one in 10 registrations. Despite the boom in electric vehicle (EV) sales, Cornwall...
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Media Mentions
PV Europe | Plug-in Car Grant for EVs
Our analysis showing that despite the reduction to the Plug-in Car Grant a large majority of EVs still qualify for the grant featured in PV Europe. Although this is the case, there was clearly some concerns about the effect of the reduction, with the latest figures from the Society of...
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Press Releases
Half of EVs still eligible for Plug-in Car Grant despite cut to threshold
In March this year, the government reduced the Plug-in Car Grant by £500 to £2,500 for cars priced £35,000 (previously £50,000). However, despite the cut to the Plug-in Car Grant by the government, more than half of the current electric vehicle (EV) models are still eligible for the grant. Katie...
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Press Releases
Demand for more charging infrastructure as EV ownership increases
Analysis by Cornwall Insight shows the number of public electric vehicle (EV) charge points per EV has fallen to its lowest level since 2018 (when Cornwall Insight records began). In fact, for every one EV in the UK, there are 0.28 public charge points. This decline is shown in the...
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Media Mentions
Bloomberg | UK EV demand
Our thoughts on EV demand and how it would boost the whole EV supply chain was featured in Bloomberg today. Discussing the phase-out of fuel cars completely Jacob Briggs said that this would be positive signal for EV investment The increasing EV demand is a positive signal for the whole...
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Press Releases
Could COVID-19 positively impact future EV sales?
Research into the Society of Motor Manufacturers & Traders (SMMT) vehicle registration data by Cornwall Insight shows Battery Electric Vehicles (BEVs) in 2020 have already grown 76.1% on the whole of 2019. SMMT recorded the lowest September car sales this century at 328,041 vehicles, down 4.4% on September 2019. Despite...
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Press Releases
Electric vehicle sales during lockdown give us a glimpse into the future
Further research by Cornwall Insight into data published by the Society of Motor Manufacturers and Traders (SMMT) shows that despite a 97% drop in vehicle sales and difficult market conditions, there continues to be demand for Battery Electric Vehicles (BEVs). In fact, 1,374 BEVs were registered during April, accounting for...
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Press Releases
Fleets set to unlock an electric vehicle revolution
UK fleets have the potential to accelerate an electric vehicle (EV) revolution, with a shift to zero tailgate emissions generating fuel cost savings of around 63% across a fleet and significantly boosting the second-hand car market according to a new report from Cornwall Insight and PwC - “Leading the charge!...
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Press Releases
Irish electric vehicles sales lag behind 2030 target levels
Research into Irish electric vehicle (EV) uptake by Cornwall Insight Ireland shows that EV sales are up 53% year-to-date. However, this still lags behind the Irish government’s Climate Action Plan 2019. The plan set a target to have 950,000 EVs on the road by 2030. The below graph compares the...
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Press Releases
Cornwall Insight Ireland comments on the half-yearly Irish EV sales
Although the Irish passenger car market is down 7.36% on 2018 for the year-to-date (YTD), the sales for alternatively fuelled (BEV, PHEV and hybrid-electric) passenger cars have shown steady growth. A total of 9,582 alternatively fuelled vehicles have been sold for the YTD, a 69% increase on 2018’s total. The...
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Press Releases
The rise of collaboration in the electric vehicle space
Electric vehicle (EV) collaborations between global automotive manufacturers have started to gather pace. In fact, the latest research from Cornwall Insight’s Charged Up: Future Fleet shows that these ventures have steadily grown since December 2018. With eight of the 13 major car manufacturers having either engaged or attempted to arrange...
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Press Releases
Solutions to electric vehicle range anxiety
Tom Lusher, Analyst at Cornwall Insight, presented at the Technology as a Service (TaaS) Energising Future Mobility Conference 2019 at the National Conference Centre in Birmingham today. He spoke on the issue of range anxiety and how vital it is for industry players to work together to tackle this obstacle...
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Press Releases
Could the UK learn from Norway’s electric vehicle market?
During the first quarter of 2019, battery electric vehicle (BEV) registrations grew by 87.5% across the European Union (EU) and the European Free Trade Association (EFTA), in comparison to the same quarter in the previous year. In fact, the total number of BEVs registered across the EU and EFTA almost...
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Press Releases
Pixie Energy’s analysis of UKPN’s Optimise Prime
In March, Hitachi confirmed that 2019 would see London and the South East play host to Optimise Prime – a UK Power Networks (UKPN) project. The project aims to understand the charging patterns of commercial (fleet) electric vehicles (EVs) and their impact on networks. The project seeks to answer how...
