EU regulations to spike EV sales
Experts have predicted that 2020 will be the year of the electric car, with EU regulations coming into force on 1 January set to penalise car makers for emissions above 95g per kilometre.
Manufacturers will have to pay £79 for every gram over the target, multiplied by the total number of cars they sell. The excess emissions bill would have been £28.6bn on 2018 sales figures, according to analysis by the automotive consultancy Jato Dynamics.
In response Bloomberg New Energy Finance has predicted that EV sales will rise from 3.4% of all vehicles sold in 2019 in the UK to 5.5% in 2020 – or from 80,000 this year to 131,000 in 2020. Similar predictions from LMC Automotive suggest 540,000 electric cars will be sold across the EU in 2020, up from 319,000 over the course of 2019.
