In the nationwide survey conducted by EV charger installer Smart Home Charge, 50.4% of the respondents said they would either ‘definitely’ buy or be more likely to buy if scrappage schemes are introduced. Most people (99.3%) said they noticed less congestion and 88.3% said they noticed less noise pollution during lockdowns.
(Inside EVs)
Aman's key takeaways:
- While people recognize and appreciate the clean environment during lockdowns, the economic downturn is limiting the appetite to invest in high ticket items like EVs.
- Scrappage schemes could return in many countries as governments try to balance economic growth with emission reduction targets. While scrappage schemes will give a boost to the EV market, the speculation regarding the same can push back potential EV purchases in the short term.
- The UK car industry is also pushing the government to introduce scrappage schemes after sales dried up in April and May.