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Affordability remains ‘biggest barrier’ to mass adoption


According to Auto Trader’s latest report, affordability remains the primary obstacle to the widespread adoption. This is about electric vehicles (EVs) in the UK. Despite increasing availability and falling prices for new and used EVs, cost concerns deter many potential buyers. Three-quarters of new EVs are advertised at a discount, yet affordability issues persist, even with the incentives and improved ranges offered. The report highlights that for EVs to achieve mass market penetration, their prices must be competitive with traditional petrol cars, and a more robust charging infrastructure must be established to alleviate consumer concerns about range and convenience​​.
Motor Trader
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