Deloitte Automotive Partner Discusses Growth in Electric Vehicle Sales and Challenges Ahead

The Future of Electric Vehicles: Insights from Deloitte

In a recent statement, Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, shared some key insights into the current state of the electric vehicle market. According to Hamilton, new car sales have been on the rise for 21 consecutive months, with the growth in April largely driven by electric and hybrid vehicle sales. However, despite this positive trend, electric vehicles still only make up 16% of the market share year-to-date, indicating that there is still room for growth.

Hamilton emphasized the importance of increasing sales across the board in order for manufacturers to meet their zero emission vehicle targets. While sales to large fleets have been on the rise, private retail demand for electric vehicles remains subdued. In order to stimulate interest and drive sales, some manufacturers are starting to offer discounts through their retail networks.

One of the biggest barriers to widespread adoption of electric vehicles is the lack of accessible charging infrastructure. While the number of public charging points is increasing, more needs to be done to accelerate this growth and improve accessibility. Hamilton also highlighted the role of the used car market in making electric vehicles more affordable, suggesting that initiatives such as used car salary sacrifice schemes could help stimulate growth in this area.

Overall, Hamilton’s insights point to both the progress that has been made in the electric vehicle market and the challenges that still lie ahead. With the right incentives and infrastructure in place, the future of electric vehicles looks promising. For more information on Deloitte and their work in the automotive industry, visit their website at www.deloitte.co.uk.