Quote Originally Posted by Foxy100 View Post
Can manufacturers afford lower prices? I wonder how many will survive.
I believe Vauxhall (so Stellantis) have just announced EVs and ICE will be available at the same monthly PCP rate, they’ve lowered the prices of their EV offerings to do so.

https://www.autoexpress.co.uk/vauxha...20alternatives.

I don’t think it’s a case of the market is rejecting EVs, they’re just a bit pricey for most people especially given the economic outlook currently.

EVs are still selling, despite some Q1/2024 slowing down, more and more EVs are hitting the road each day meaning more used ones down the track.

It’s a long transition, 11 years to go until the legislated changes, over a decade away.

Interestingly, VW EV sales are down a bit this year, but up 90% in China. They also have an order book of 160k EVs across Europe and of course are still manufacturing ICE vehicles for the U.K. and ROW.

It’s a tough time for car manufacturers, and would have been regardless of EVs being part of the offering.