Toyota claim the EV market will sit around 30%
I think we are all aware that countries and governments moving to regulations such as Euro 7 have all but ended ICE production for many companies.
There is a very interesting development in the UK right now where car values across the board have dropped sharply with EVs being hit the hardest.
I will try to get this right because I believe it’s a very strong case of political well meaning causing unintended consequences.
60% of all EV sales as said to be fleet. There was a weird situation where high end Evs were purchased as fleet or company cars because of the kickbacks on offer. The equivalent of our wholesale business wont touch them now because they don’t know or don’t understand what demand there might be. Complicating this is a requirement to sell new Evs to count towards targets. Supposedly second hand Evs don’t get treated the same way under the guise of saving the planet.
The UK spec mustang V8 is Euro 6.2 complaint if that gives one an idea of how much it lost out to the US version. Euro 7 is a completely different beast