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Loan charging second hand electric vehicle
August 8, 2024 In Electric Vehicles, EV Charging

Used EV sales rocket, and the latest on EV charging progress

There’s definitely a surge in positive news about Electric Vehicles right now. The rising demand for EVs has given a huge boost to the used car market in the second quarter of 2024. Plus, a new report shows significant progress in getting EV Chargers in the ground and online.

Let’s unpick these latest developments a little.

 

Used EV market reaches record highs

The Society of Motor Manufacturers and Traders (SMMT) is reporting that sales of used battery electric vehicles have risen by 52.6% year on year. With almost 46,800 transactions, this equates to a record quarterly market share of 2.4% – that’s up from the 1.7% share of last year.

EVs between 3-5 years old are selling the fastest, with a 138% sales increase year-on-year… and that’s not all. The predications are that by year end, electric car sales will have increased by 5% due to unprecedented demand.

 

What’s causing the increased EV uptake?

There are many reasons. EVs are cheaper to run, and the falling purchase cost of electric vehicles is a biggie! Technological advancements including improvements in battery power are making newer models more attractive, especially to early adopters of EVs. As they look to newer models, rapid drops in pricing of used electric vehicles attracts more people to the market. And, that 2030 deadline is looming, after all!

When it comes to pricing, the vehicle history check and valuation group HPI says the average price of a three-year-old used EV as 8.5% less than its fossil fuel counterpart. That makes it feel like a no-brainer to many.

According to HPI data, values of used EVs for cars at the same age and mileage point, have halved since September 2022, and you can discover more here.

 

Significant EV charging progress is underway

There’s good news if you’re looking for an EV Charge Point too! A report by net zero data consultancy Field Dynamics, Zapmap, and Ordnance Survey, highlights progress in installing EV charging infrastructure across Great Britain.

Average coverage across local authorities has increased from 17.2% in 2022 to 24.8% in 2024. The number of charger locations has also increased by 60%. In terms of geography, London is leading the way with 67% coverage of on-street households. That’s significantly higher than the national average of 20%. We’ve been installing on street charge points in the capital, and you can read more about it here.

Hammersmith & Fulham EV charger

Outside London, Brighton and Hove (83%), Coventry (76%), and Portsmouth (58%) are leading the charge.

Portsmouth bollard EV charger

 

Disparities in charge point coverage

The report shows that disparities do remain though, despite the progress, with 38 local authorities covering less than 10% of their on-street households. More needs to be done, of course, and we are primed and ready to help!

As our Head of Sales, Emma Blades, commented:

“It’s great to see such positive progress when it comes to the installation and operation of EV Charging Infrastructure. Installers, like ourselves, have been working hard to get more charge points in the ground, and online, alongside Charge Point Operators.

We should recognise though, that there are lots of reasons why it’s tricky for some local authorities to extend charge point coverage. It could be the challenge of rural locations, lack of allocated bays in densely-populated residential areas, the location of street furniture, and many other reasons why locations might not be suitable. Often it’s not for the want of trying, and logistical challenges make it difficult, but not impossible.

The government’s LEVI fund will help to make equity of charging more commonplace… and, when discussing the challenges and potential solutions with local authorities in our public sector knowledge sharing workshop, ‘EV Insights’, it’s clear that local authorities are committed to providing the necessary infrastructure. Solutions will be found, where possible, and we can be sure charge point numbers and locations will continue to grow for the benefit of all EV drivers”. 

Discover more

Get in touch to find out how we can help with On Street Charging

Find out about EV Charging in Hammersmith and Fulham 

Read more of our Case Studies

Myth busting ev chargers
April 10, 2024 In Electric Vehicles, News and Events

EV myth busting – the best places to check your facts

Back in February, a House of Lords enquiry found that the UK government must do more to counter the “misinformation” on electric vehicles, published in parts of the UK media. Fast forward a couple of months, and there’s still a consistent swirl of stories continuing to perpetuate certain myths about electric vehicles, including myths about battery life, pollution, range, and much more besides. This misinformation is also rife on social media.

Joju’s take

Joju Founder and CEO, Joe Michaels, thinks these inaccurate, often misleading stories are definitely having an impact on potential EV drivers:

“It’s making people slower to make decisions on transitioning from polluting fossil fuel vehicles, to cleaner vehicles . That’s the main problem, and people don’t know quite what to believe. I think it’s really important that people find a credible source of information”.

Joe goes on to say:

“There’s a huge market where it’s in their interest to create scepticism over the transition to electric vehicles and clean vehicles. It’s still a minority trying to explain why electric vehicles are better for the environment. You’re dealing with a David and Goliath situation still, and it’s quite easy for the fossil fuel market to swamp negative information about EV’s on to the market”.  

Joe speaks more about the importance of fact checking in a recent interview, and you can listen to that, here:

 

 

Three resources busting the EV myths 

The importance of having credible sources to refer to is essential, so whether you’re already an EV owner or you’re looking to make the switch to electric and want some myth busting information to get your facts straight, here are the top three places we recommend heading to for straight talking, factual info:

  1. FairCharge’s little book of EV Myths

This recently published PDF might be small, but it packs a mighty punch, succinctly addressing some of the most embedded EV myths, using facts and data to set the record straight. EV batteries don’t last? Electric vehicles pollute more than petrol cars? Hydrogen will displace EV’s anyway? All these myths and more are debubnked in the little book.  It’s completely free and you can download it here.

 

 

  1. The Energy Saving Trust

A great source of always-impartial information is the Energy Saving Trust (EST). They have a dedicated section on their website debunking myths around electric vehicles, updated in February 2024. Head here for that one.

 

  1. The Guardian EV Mythbusters series

One of the sources Joe refers to in his interview, is the series of articles in The Guardian, exploring the myths, the realities and the grey areas surrounding electric vehicles.  It answers questions like, “Are electric cars too heavy for roads, bridges and car parks”? “Is it right to be worried about getting stranded in an electric car”? “Do electric cars pose a greater fire risk than petrol or diesel cars”? and lots more besides. Each article in the series covers the science associated with the topic and is a must for anyone wanting to find out more about the truth behind the claims.  You can find the series here.

 

 

Let’s bust the EV myths and move forward with factual information that helps drive the change we want to see for our families, our friends, and our planet.

Discover more…

Read about the landmark of one million EVs on UK roads

Discover more about EV Charging funding options for schools and education settings 

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March 8, 2021 In Electric Vehicles, EV Charging

Do you Remember the First Time?

We’ve got the lyrics from that particular Pulp song on a loop in our heads, because our Head of Delivery (EV Charging), Graeme Patton, has recently got his first EV. Over the next couple of months, we’re going to be finding out all about that experience and asking you to share your first EV experiences with us too – on our social channels, using the hashtag #firstEV.READ MORE

KIngston, Sure Charge, TfL, GULCS, Lamp post charger, City EV, FM Conway
December 23, 2020 In Electric Vehicles, EV Charging, News and Events, Public Sector

Lighting up London with Lamp Post EV Charge Points

Joju Charging has won the contract under the TfL GULCS framework (Go Ultra Low City Scheme) with the Royal Borough of Kingston, to provide 100 street light charge points for local Kingston residents. The charge points will be installed on existing lamp posts during February and March and will help people make the switch to EV, as residents without access to off street parking will soon be able to park on the street near their homes, plug their electric vehicle into a charge point on a street light and charge away!

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November 24, 2020 In Batteries, Electric Vehicles, EV Charging, News and Events, Opinion, Residential, Solar, Solar PV

Octopus Energy Launch the Tesla Energy Plan

 

Octopus Energy’s Tesla Energy Plan has now ceased.  It has now been superceded by Octopus Flux.  Octopus Flux is an innovative electricity tariff that changes import and export tariffs throughout the day.  You can top up your battery with cheap electricity in the middle of the night, and earn money by discharging your battery to the grid at peak times.  Read our guide to Octopus Flux here.

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