There was plenty of demand when fuel prices shot up a few years ago, but since then, unless you have access to off street parking and your own charger, it’s become more expensive to drive an EV than a combustion car.

When the price of oil goes up the government falls over itself to subsidise and bring it back down. When the price of energy goes up they shrug their shoulders and slap 20% VAT on public chargers. It’s insane and hardly any surprise that demand has “flagged”.

Again, I’m struck with the lack of overall data. I can believe that individual manufacturers have saturated the marked for £70k luxury EVs and their sales are slumping. That doesn’t mean demand for EVs is falling though.

There are flexibilities in the system, allowing manufacturers that can’t meet the targets to buy “credits” from those that can. In practice, this means buying credits from companies such as Tesla or Chinese firm BYD, which build electric models exclusively. (…) none of whom have a manufacturing base in the UK.

This is madness.

There are flexibilities in the system, allowing manufacturers that can’t meet the targets to buy “credits” from those that can.

Where have I seen this go badly before, oh yeah carbon tax credits, that’s going well…