Growing signs are that electric vehicle sales will bounce back quickly, putting the focus back on charging infrastructure installations.
Kia Motors has seen record sales for new hybrid and electric vehicles in the first quarter of 2020, despite a total market decline as a result of disruption caused by the spread of coronavirus.
Kia’s total European sales declined 14.5 per cent to 113,026 units in the first quarter of 2020. However, new electrified Kia models including e-Niro and e-Soul grew by 21 per cent, to 21,340 units. Electrified models now account for almost a fifth of all new Kia sales in Europe.
Electric Village sources indicate that other manufacturers' plans are also in holding patterns over a return to market normality.
Volkswagen's has around 30,000 new iD vehicles standing in a car parks and fields across Germany, waiting for deliveries. The group's plug-in sales offensive is staggering in ambition. It will launch almost 70 new plug-in models and will be selling more than three million electric vehicles annually by 2025. That's around 25 per cent of its sales mix. To produce these volumes, eight vehicle plants in Europe, China and the USA are being converted to electric vehicle production by 2022.
Other manufacturers that have also put full scale roll out plans on ice include Hyundai, Honda, Peugeot, Opel, Citroen, Skoda and Renault. Tesla is interrupting deliveries of its ground breaking Model 3, despite a share price that continues to gain and renewed 'buy' calls from traders.
OLEV has added its voice to the call. The Government department has written to stakeholders, reminding us about pledges made in the Budget on 11th March which include a series of measures and over £1 billion new funding to support the transition to zero emission vehicles, covering charging infrastructure and vehicle incentives.
Specifically the Chancellor announced £500 million over the next five years to support the rollout of a fast-charging network for electric vehicles, ensuring that drivers will never be further than 30 miles from a rapid charging station. The Workplace Charging Scheme (WCS) will remain in place for another year.