Despite being affected by supply constraints on wiring looms due to the global chip shortage and issues relating to the war in Ukraine, electric car registrations in 2022 increased by 21% from the previous year. Annual growth rates of around 30% are expected to continue for the next two years
During Q4 2022, the ratio of new chargepoint installations to new plug-in car registrations dropped to one for every 62 – a significant fall compared with the same quarter last year, when the ratio was 1:42. As a result, in 2022, one standard public charger was installed for every 53 new plug-in cars registered, the weakest ratio since 2020.
Auto Trader said that the fall in demand for EVs coincides with rising energy prices, petrol and diesel prices softening, and concerns about Government policy over EVs. Chancellor Jeremy Hunt announced last month that new zero-emission cars will no longer be exempt from vehicle excise duty from April 2025.
