Impact of Electric Cars on London Automobile Market 2019-2020

Using Numeracy and
ICT Skills in Research
– Research Project

Contents
INTRODUCTION...........................................................................................................................3
Research Aim:........................................................................................................................3
Research Objective:................................................................................................................3
Literature Review:..................................................................................................................3
Methodology:.........................................................................................................................5
Calculations and Results:.......................................................................................................5
Discussions:............................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
With the change in the technology there is a multiple change that has been taken place in
various different sector including automobile sector. From petrol / diesel vehicle to electric there
are lots of modification that are being taken place in automobile sector. Car segment has always
in front with the change in technology as with customer taste and demands the automobile
manufacturers modify their vehicle so that they could remain in the market and retain their
market share accordingly. In this research the main emphasis has been given on the electric car
segment which has been accepted worldwide with the rapid change in technology. Nowadays,
various manufacturers are focussing on electric vehicle and slowly shifting towards it by
discontinuing their existing fuels vehicles. In this research the main emphasis on electric vehicles
segment impact in the London automobile market during the period of 2019 -2020 (Abotalebi,
Scott, and Ferguson, 2019).
TASK
Research Aim:
To identify the growth of electric cars in London market between 2019-2020 and its impact on
their sales performance
Research Objective:
 To identify the market segment of electric cars in changing technology in London market
between 2019-2020.
 To examine the market, share of electric cars in London automobile market between
2019-2020.
Literature Review:
As per the point of view of Paoli and Timur Gul (2022), with the world which is shifting towards
clean energy, there are few areas which are as energetic like the electric car segment. The
segment of such vehicle could be analysed in such a way that during the period of 2012, there are
130000 electric cars which are being sold during the whole financial year worldwide but
nowadays such figure will only be achieved within a week. There is an immense growth over the
period of last three years, even due to Covid 19 pandemic the market of different sector is slow
down including market of conventional cars but the market of electric vehicles is continuously
increasing with the regular pace. The figures are the proof that shows that consumer taste are

changing with time. The main reason behind such change could be the acceptance of fuel free
cars that are eco-friendly and the resources which are being limited in the form of fuels could be
saved for other purposes. There is an estimation that there are around 16 million electric cars on
the road at the global map which nearly consumes 30 terawatt hours of the electricity per year
which is equivalent to the electricity that has been generated alone in Ireland. Increase in the use
of electric cars, the oil consumption gets reduced and also CO2 emissions has reduced to during
2021. There are various others factors also affect the segment such as the government support in
the form of subsidy’s to automobile manufacturer, various policies in the form of export and
import of goods by the government etc. However, with the tremendous growth in the segment,
the sales volume is not advancing with the same pace globally. The market of China, Europe and
united states of America has 90% of the sales in the form of electric vehicle but when other
market are being compared such as brazil, India, Indonesia, that figures not crossed in total 2%
of the sales. The reasons for such major fluctuation could be the lack of infrastructure facility in
the form of charging stations and the premium that are being charged by such manufactures
could be the reason.
From the point of view of Carlier (2020), the market of UK is amongst the largest market of
Europe with respect to electric vehicle during 2020. The growth rate in the segment has been
plug in in by 140% over a year. In 2020 the demand of electric vehicle amongst the new car
intenders comes around to 40%. The demand such vehicles whether hybrid, hydrogen fuel cell
vehicles are being eligible for the government grants. The result of which is that the United
Kingdom market came close to 270000 units of sales in the fourth quarter of 2020 with respect to
electric vehicles. Not only the cars the sales figures of Ultra low emission buses and coaches and
ultra-low emission motorcycles are being raised up in the united states. Such shift is considered
to be necessary from conventional vehicle in order to reduce the carbon dioxide emissions in the
transportation sector. Due to such change the policy maker of the United states decides that they
will ban the production of fuel vehicles in the form of diesel and petrol cars by 2030. The best
thing is that Tesla model 3 has been emerged as the bestselling car in December 2020. The
government of United Kingdom are ensuring that 33500 electric vehicle charging stations are
being set out in the whole country in 2020. However, there are only 6000 stations that are being
classified as fast chargers which shows that there is a need for the improvement with the
upcoming demand of electric vehicle so that the demand must have readily infrastructure to