HitchHiker71
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Auto trader inquiries is just as bad at predicting trends as Gallup polls given it is primarily used for tracking inquiries for used car purchases - not new car purchases. Given most BEVs purchased in the EU, and specifically in the UK, are Tesla vehicles - and Tesla uses a direct purchase model - including pre-owned models - tracking BEV inquiries through third parties such as Autotrader isn’t going to be an accurate predictor of actual BEV purchase activity. The proof of this is quoted right in this same article toward the end, where, again based upon actual UK vehicle registrations, year over year from Jan 2022 to Jan 2023, were up over 18%. There’s objective facts and then there’s opinion.Those are Gallup's results. They specifically asked if people were seriously considering buying electric cars. And here is another indication that the fad may be on the way out:
Interest in new electric cars slumps, figures show
Online vehicle marketplace Auto Trader said it recorded a 65% drop in inquiries for electric cars last month compared with January 2022, blaming the high prices of EVs.www.dailymail.co.uk
That said, I have no doubt that BEV adoption may cool off as global recession sets in - but so will ICE vehicle purchases. Unlike BEV purchases - which have been consistently increasing in volume for the past several years, including throughout the pandemic, ICE vehicle purchases have been declining consistently over that same time period.