E-mobility on the Rise: Record Numbers and New Opportunities for the Industry

The latest development in the automotive industry sheds an exciting light on the advance of electromobility. In the UK, automakers Stellantis, Nissan, and Ford have urged the government in recent weeks to relax the regulations for a higher share of electric vehicle sales. However, the effectiveness of the 'Zero Emission Vehicle' (ZEV) mandate is clearly evident as more and more drivers switch to environmentally friendly electric vehicles. New figures show that in November, over 25 percent of all new registrations were for electric cars—a record high. Domestic companies, in particular, were able to increase their sales figures. For instance, the BMW Group, which is currently investing 600 million pounds in the production of electric Minis in Oxford and Swindon, recently sold more electric cars in the UK than Tesla. Also remarkable is the development in the used car market, where now every third used electric vehicle is sold for under 20,000 pounds. With the introduction of more affordable EV models and the ongoing expansion of charging infrastructure, consumer confidence remains stable. This is positive news for climate change, as the ZEV mandate represents the most effective measure by the British government to reduce carbon emissions. The British government now plans to collaborate with the automotive industry to increase the adoption of electric cars and promote jobs in the UK. A review of how the mandate can be made even more effective is also on the agenda. It is important that ministers maintain their ambitious targets to meet the requirements of the Paris Climate Agreement and secure the UK's position in the global race for a thriving electric car industry.