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Electric car sales may drop as only one in five drivers want an EV and Tesla cuts jobs

dutchieecars.com by dutchieecars.com
15 April 2024
Reading Time: 4 mins read
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Electric car sales may drop as only one in five drivers want an EV and Tesla cuts jobs

Lower than one in 5 drivers in Europe say they favour an electrical automotive, with the overwhelming majority nonetheless preferring to get behind the wheel of a petroleum or diesel car.

Solely 18 per cent of survey respondents planning to purchase a car within the subsequent yr mentioned they’d purchase an EV, bringing into query the likelihood that governments have to do extra to spice up gross sales.


In stark distinction, greater than two-thirds (68 per cent) of drivers mentioned the 2035 deadline for promoting new petrol and diesel autos needs to be delayed.

That is regardless of Prime Minister Rishi Sunak delaying the deadline to ban new inner combustion engine autos from 2030 to 2035 in his web zero U-turn speech final September.

Do you’ve a narrative you’d prefer to share? Get in contact by emailingmotoring@gbnews.uk

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The analysis, from Bloomberg Intelligence, additionally discovered that hybrids have gained recognition just lately, with drivers seeing the car kind as a middle-ground between ICE and electrical.

Virtually half of the individuals questioned as a part of the survey, 46 per cent mentioned they like hybrids when selecting a car to purchase within the subsequent 12 months, in comparison with simply 18 per cent for EVs.

Michael Dean, senior trade analyst at BI, mentioned: “European carmakers are dialling again EV gross sales targets in 2024 because of rising shopper apathy.

“This can be a pattern which performs to BMW, Mercedes and Toyota’s strengths, however disadvantages pureplay Tesla and China manufacturers.

​“Tesla’s gross sales outlook continues to deteriorate, because it fell to fourth from pole place (in August) in our patrons’ rating of most-wanted manufacturers as competitors within the BEV house intensified.”

Virtually three-quarters of drivers concerned within the survey mentioned they’d have a problem shopping for an imported car, boosting the gross sales expectations for legacy European manufacturers.

Dean and the BI analysis identified that the continued worth cuts from Tesla are proof that the model is seeking to dump round a million models from its Austin and Berlin crops.

Nonetheless, it warned that this might delay potential patrons as they might be involved about low resale values.

It comes as Tesla appears to be like to chop round 14,000 jobs – or 10 per cent – of its workforce to turn out to be “lean, progressive and hungry”.

Bloomberg reported that high-level executives together with Senior Vice President Drew Baglino and Vice President of Public Coverage and Enterprise Improvement Rohan Patel had been amongst these to have been let go.

In an e-mail, Elon Musk mentioned: “As we put together the corporate for our subsequent section of progress, this can be very essential to take a look at each side of the corporate for value reductions and growing productiveness.

“As a part of this effort, we now have carried out an intensive overview of the group and made the tough resolution to cut back our headcount by greater than 10 per cent globally.

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“There’s nothing I hate extra, nevertheless it have to be carried out. This may allow us to be lean, progressive and hungry for the following progress section cycle.”

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https://www.gbnews.com/life-style/vehicles/electric-car-sales-drop-tesla-jobs

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