The RAC Foundation believes that there are four key barriers to the development of the UK’s electric vehicle market: retail, range, recharging, residual value.
- Retail – a relatively small range of vehicles on the market at relatively expensive prices
- Range – consumer concerns about the ability of EVs to have the capacity to do the journeys they want
- Recharging – a real or perceived lack of adequate and universally compatible charging points
- Residual value – uncertainty about what EVs will be worth on the second-hand market
The Foundation made the observations in its response to the Business, Energy and Industrial Strategy Committee inquiry into the role of electric vehicles in the transition to a low-carbon economy and as part of the Government’s Industrial Strategy.