With EVs losing value twice as fast as ICE vehicles, the auto industry has been quickly looking for reasons to explain it. Battery Health ranks highly with consumers as a deterrent to considering a used EV. It’s a topic that comes up frequently on panel discussions at industry conferences such as AM Live and Fleet […]
Is Battery Health Important for Resale Values? Read More »
As the electric vehicle (EV) revolution accelerates, the automotive industry is undergoing a profound transformation. The reduced servicing requirements of EVs are at the forefront of this change, reshaping the way car retailers do business. With EVs demanding less maintenance than traditional internal combustion engine (ICE) vehicles, car retailers face both significant challenges and unique
The Impact of Reduced Servicing Requirements for EVs on Car Retailers Read More »
The transition to electric vehicles (EVs) is gaining momentum, but EV adoption is not without facing some significant challenges. The Global EV Outlook 2024 report from the International Energy Agency (IEA) highlights robust growth in EV sales globally, with electric car sales potentially reaching 17 million in 2024, accounting for over 20% of all car
EV Adoption: Insights for Retailers, Fleet Managers and Insurers Read More »
The UK’s Zero Emission Vehicle (ZEV) mandate is a regulatory framework aimed at transitioning to electric vehicles (EVs) to reduce emissions from the transport sector. It outlines specific targets for car manufacturers regarding the proportion of new zero-emission cars and vans they must sell each year. It had mandated that all new petrol and diesel
The Electrical Shift: a Guide for Car Dealers on the ZEV Mandate Read More »
Introduction After a period of runaway prices, the motor industry came back down to earth in 2023 as used EV prices experienced large declines. The pandemic-induced supply chain disruptions started to unwind, competition intensified with Tesla leading the charge on price cuts, and the willingness of used car buyers to transition to electric vehicles
5 Key Strategies for Dealerships to Combat Falling Used EV Prices Read More »
Introduction The advent of Battery Electric Vehicles (BEV) is transforming the automotive landscape, and with it, the insurance industry faces a new set of challenges and opportunities. A recent report by Innovate UK and Thatcham Research sheds light on the significant impacts of BEV adoption on the repair and insurance sectors. This blog post delves
Navigating the BEV Revolution: Key Insights for the Insurance Industry Read More »
Electric Vehicles (EVs) are revolutionizing the automotive industry and reshaping the entire value chain for the lifecycle of a car. With their numerous environmental and technological advantages, EVs are accelerating the transition toward sustainable mobility. This blog post explores how EV batteries impact the value chain, from manufacturing to recycling, the UK’s regulatory framework for
Electric Vehicle Batteries: Transforming the Value Chain for the Lifecycle of the Car Read More »
The UK EV market is one of the fastest-growing in Europe. One of the groups of people closely monitoring this growth is battery recyclers. What does the current structure of the UK EV market mean for recyclers waiting for the batteries to pass their useful life? The current UK EV market The SMMT notes that amid a
The Structure of the UK EV Market and what it Means for Battery Recyclers Read More »
EVs are becoming more popular as more buyers see their value proposition. One factor that is not often talked about that directly affects the rate of adoption is interest rates. This article will discuss the impact of rising interest rates on EV loans and the adoption of EVs. The current EV landscape Electric vehicles have
Impact of rising interest rates on EV Adoption Read More »
As more electric vehicles enter the market through car leasing and fleets, one aspect of the electric revolution that will grow is the used EV market. One factor influencing the market for used EVs is their residual value, which determines whether leasing companies sell their vehicles at a profit or loss. What should you know
Residual Value Risk of EVs for Car Leasing Companies and Fleet Owners Read More »
Supporting the decarbonisation of the transportation sector by accelerating the adoption of Electric Vehicles (‘EVs’).