Click the thumbs up >Motorists in the UK are aiming to budget for a £20,000 list price before making the switch to an electric vehicle, according to research conducted by Deloitte – highlighting an affordability void.
Deloitte’s latest Global Automotive Consumer Survey found that 42% of car buyers were aiming to spend the sum, which significantly undercuts the average price currently paid for a new vehicle with an internal combustion engine (ICE).
The survey – which polled 1,500 people – did seek to highlight the finance options that make EVs affordable.
However, it also showed that 27% of drivers aged 18-to-34 had requested a payment deferral on car financing in 2020, suggesting that younger drivers who may be seen as early adopters of new technology could have had purchasing decisions stalled by COVID-19.