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The Popularity of Electric Vehicles in the UK

   

Added on  2022-12-28

11 Pages2539 Words88 Views
The popularity of
electric vehicles in the
UK
The Popularity of Electric Vehicles in the UK_1
Table of Contents
INTRODUCTION...........................................................................................................................1
Description of literature & data .............................................................................................1
Methodology:.........................................................................................................................3
Summary of the literature and data. ......................................................................................4
Evaluation of the relevance/appropriateness of literature sources.........................................6
Reflection...............................................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
The Popularity of Electric Vehicles in the UK_2
INTRODUCTION
Topic: The popularity of electric vehicles in the UK
Government of UK is working towards focusing on having road vehicles complete
emission free by the coming time period that is by end of year 2050 as they are planning a ban on
new petrol & diesel cars in 2030. these are related to availability of technology & market
premises that is driving the transport sector towards transition towards electric vehicles. The
increasing popularity of such electric vehicles is associated with the presence of plug in cars,
SUVs, Medium sized vans that is creating a higher financial sense for business that is working
towards conversion of the whole fleet of electric vehicles (Macioszek, 2019). The government is
willing to adopt some of the measures that can lead to creation of higher awareness among the
general public regarding use of such vehicles, the use of plug in electric vehicles is supported by
the government as they are planning plug in car, van grants schemes & other sort of incentives.
Approx 298,000 light duty plug in vehicles have been registered across UK till April 2020
(Electric car market statistics, 2021). The electric care markets is also growing very fast with
over 164,1000 electric on roads of UK by end of September 2020. Present report is based on
making a detailed evaluation of the popularity of electric vehicles across different parts of UK.
Present report is based on analysing the laid down aims of this report as mentioned below:
To analyse the perception regarding electric vehicles
To evaluate challenges faced by electric vehicles in UK
To Formulate strategies to deal with the challenges faced by electric vehicles across UK.
Description of literature & data
According to (Wang, 2019), the auto-mobile sector is changing at rapid scale and
industry of cars is developing rapidly. With changing time period,new tools, technologies,
software has been adopted to produce more efficient cars within market. The market of electric
vehicles is enlarging from year 2016 with high growth. Main reason of growth of EV is that
changing preferences of consumers and safety of environment. Government expect that with
rising of consumer preferences of electric vehicles, policies can be managed more efficiently.
This literature is set to answer following questions such as how frequently they perception
regarding EV changes, how business can implement strategies to deal with challenges faced by
electric vehicles across U.K. It is examined that it is necessary to be aware about these changing
1
The Popularity of Electric Vehicles in the UK_3
situations of market so that objectives are achieved efficiently. The data of EV of United
Kingdom is being collected from both governmental as well as non-governmental sources, local,
national auto mobile manufactures, electric utilities & other dealers in market (Soetevent, 2021).
In UK region, people are concerned about safety of environment which depicts that they
prefer more electric cars rather than non-EV. The adoption of EV is being divided into
categories which are economic & psychological. It depends upon market which methods are
adopted by them. This is analysed that demand for electric vehicles is going to bloom for next 10
years (Singh, 2021).
Data analysis : Projected Global sales of EV
From above shown picture it is seen that the sale growth of EV is going to rise in future
at higher scale. Moreover, with with change period of time data changes & projected data
reflects that resources are to be used by auto mobile industry to cope up with new challenges in
effective manner. The data shows that sales growth is increasing in United Kingdom as
compared to year 2017 in which sales growth of EV was about 164100 and as in 2020 the sale
was 373, 600 of plug in models (Sengupta, 2020). Therefore, scanning of business environment
is to be done so that strategies for electric vehicles is being adopted effectively. Further, it is
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The Popularity of Electric Vehicles in the UK_4

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