21% Of Vehicles Sold In 2020 Will Be Alternatively Powered

Nissan LeafA new report predicts that in the year 2020 21% of new vehicles sold in the United Kingdom will be powered by alternative energy. But the report highlights that manufacturers need to do more to help allay motorists’ fears over the longevity and depreciation of batteries in electric cars.

According to the research conducted by Eurotax Glass’s, hybrid cars will be the dominant ‘green energy’ power until 2019 after which the technology will be overtaken by the sale of electric vehicles.

Glass’s predicts that vehicle sales in the UK in 2020 will be around 2.4 million, with 11% (274,000) being electric vehicles, and 10% (235,000) made up of hybrid vehicles.

In order to help drive adoption of electric cars, Glass’s believes that manufacturers need to develop further strategies to help remove most of the “residual value risk” of the battery from the consumer.

Glass’s believes that such incentives as long warranties of eight or more years and new battery buy-back schemes will enable early adoptors of electric cars to swap their battery units for any newer technology at a reduced cost. Another potential option would be for manufacturers to lease batteries to electric car owners.

Commenting on the report, Andy Carroll, Managing Director at Glass’s said: “The basic framework for dealing with these issues remains pretty much the same, but how the industry responds to the battery residual value issues will be key to consumer confidence and the adoption rate of electric vehicles”.

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