Why it’s worth buying an electric car in the UK
Electric cars are getting a boost of confidence from a strong showing at the Chinese electric vehicle launch event in Beijing.
The world’s second-biggest economy is the main driver of the Chinese EV market and will be the first country to sell a fully electric vehicle.
It has been a busy month for the world’s biggest automaker.
On Tuesday, it announced a deal to sell the Renault Zoe to Chinese carmaker Geely for $20 billion.
Then, on Wednesday, the company announced a plan to build a plant in China that will be capable of producing EVs for the Chinese market.
But its biggest success so far has been the unveiling of the new E-Kan, a £10,000 plug-in electric car that can travel up to 300 miles on a single charge and will hit the streets later this year.
In total, more than 200 EVs have been unveiled in China so far.
The UK, the United States, Germany and Japan are also planning to introduce electric cars later this decade.
The Chinese are betting on the future of EVs as they have built a thriving electric-vehicle market with the launch of the Geely EV.
It’s a lucrative market, with the average car sold in China worth more than £1,300,000.
It is also a market that will likely be dominated by Chinese brands in the future, according to Peter Hogg, chief executive of research firm Kantar Worldpanel.
“They’re really into the EV market in China and they have an opportunity to dominate it.”
It is a market where they are going to be competitive with other brands in future.
“They are going from a big, big car market into a smaller, smaller car market, so it will be very interesting to watch,” he told The Independent.
The UK government has made it clear that it wants to see a high-volume, low-cost electric vehicle market and Hogg thinks the GEEK EV will be a good fit.
“We think that the GEO (Geely) EV is the perfect vehicle for the UK, with a very strong battery, great fuel economy, a good range and great fuel savings,” he said.
It will be an expensive vehicle for many, but the fact that it will make a profit in China will be worth the investment.
He believes the UK is a good market for the EV industry, with high levels of local demand and low import tariffs.
Electric vehicles will make up almost half of the global car market by 2025, according a report published last month by the World Economic Forum.
In 2017, there were 8,865,000 electric vehicles in the world, compared to the 6.5 million cars and trucks, according the IHS Automotive.
Geely plans to start production of the E-KAZEV in 2019, with deliveries expected to begin in 2020.
There are also plans for a second factory to be built in China.
In the UK alone, the government has invested £1.3 billion into electric vehicle charging infrastructure, including the Great Western Charge Hub in Birmingham.
“The Great Western charger will help to develop a new type of charging network and the UK’s national charging infrastructure,” a spokesman said.
“There are already a number of charging stations in the Midlands, such as the one in Wolverhampton, where a number new charging stations are being installed.”