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In this blog: Battery improvements and innovation | New EVs set to hit the UK market
The UK’s buoyant EV market is showing signs of further growth as we enter the second half of 2023.
In May, the Society of Motor Manufacturers reported that the UK new car market recorded its ninth successive month of growth in the previous month with an 11.6% increase. Whilst petrol cars claimed 58.1% of all registrations in April, the EV market has continued to achieve impressive heights. Battery electric vehicles (BEVs) were the second most popular, claiming a 15.4% share of the market, and plug-in hybrid vehicles (PHEVs) took 8,595 registrations.
In April, the SMMT also reported that average car and van carbon dioxide emissions have fallen by -1.6%, which they claim is a result of ‘the influx of new lower and zero emission models.’
As well as the environmental case for EV adoption, government investment in expanding our EV charging network has helped to boost consumer confidence years ahead of the 2030 ban on the sale of new petrol and diesel cars and vans.
Consumer demand for improvements in EV charge time and cost has sent manufacturers across the globe racing to produce the cheapest, lightest and most energy-dense EV battery packs possible.
Since 1991, the cost of Lithium Ion batteries has fallen by 97% – with predictions that, by 2024, the cost to produce an EV battery will be roughly $100 per kWh.
This is considered to be the tipping point at which EVs will be cheaper to produce than internal combustion engine vehicles. If battery prices continue to fall, EVs could be cheaper than petrol and diesel cars for consumers by 2027.
Other innovations – such as a move towards solid state batteries – will become further market-drivers over the next few years.
Here are some of the electric models we can expect to see appear on the market in the next six months:
Peugeot e-308 – After undergoing a redesign, the 308 will have a 51kWh battery, 248 miles of range, and a charging speed capability of up to 100kW.
Lotus Eletre – With claims this will be the world’s fastest dual-motor SUV, the Eletre will have three specification levels, the ability to accelerate from 0-62mph in only 2.95sec, and active aerodynamics.
Lexus ux300e – Updates to this model include improved range due to a larger 72.8kWh battery, boosting range by approximately 40%, and an upgraded infotainment system.
Maserati Gran Turismo Folgore – Priced at around £200,000, this model will have a 93kWh battery, three electric motors, and a charging speed of 270kW.
Fiat Abarth 500e – Features include a 42kWh battery, 17-inch alloy wheels, and a 10.25-inch touchscreen, all from £34,195.
Jeep Avenger – Boasting a 54kWh battery, a range of 249 miles, and charging speeds of up to 100kW, this is the first EV Jeep. It will not be the last, however, as three new electric models are anticipated by 2025.
Vauxhall Corsa-e – The new design of this model includes a 55Wh battery and an improved range up to 248 miles.
Rolls-Royce Spectre – Priced at £275,000, this stylish model comes with a 120kWh battery and a range of 323 miles.
Maserati Grecale Folgore – Following the Gran Turismo, this model will see accelerations of 0-62mph in a mere 4.5sec and a powerful 105kWh battery.
BMW i5 – This model claims impressive 210kW charging abilities, and features including adaptive suspension and the latest iDrive 8.5 software.
Polestar 3 – Priced from £85,000, this model from Polestar has a range of up to 379 miles, can reach 0-60 mph in 4.6 seconds, and a number of environmentally conscious features, including ‘carefully sourced’ interior materials.
Ford E-Tourneo Custom – This electric model has a range of 230 miles and a 74kWh battery.
Tesla Cybertruck – This electric pickup truck comes with three configurations with either a single, dual or triple motor, the latter of which can two 14,000 pounds and over 500 miles on a single charge.
Kia EV9 – Drivers can expect a 99.8kWh battery and a choice between the rear-wheel-drive model or four-wheel-drive model, the former having a range of up to 336 miles.
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