PHEVs are “halfway house” to EVs

PHEVs are emerging as the stepping stone to EVs according to research from Startline Motor Finance, which found 68% of dealers say this is the option chosen by car buyers worried about going fully electric.

Startline’s July Used Car Tracker shows, as a result, 60% of dealers expect values for PHEVs to rise and 48% expect demand to similarly increase.

However, many expect this trend to be transitory, with only 37% thinking PHEVs will have a long-term market presence and 37% believing motorists will start to reject them for EVs.

“It’s interesting though, that more than a third of dealers believe their current rise will pass as more drivers opt for a full EV. They think that while PHEVs are very much on an upwards trajectory right now, their drivers will move onto fully electric cars in time.”

Just 13% of dealers say the government’s recent changes to the Zero Emissions Vehicle Mandate, which means PHEVs can now stay on sale until 2035, has had an impact on the situation.

Burgess said: “Certainly, there is a widespread expectation that the revised ZEV Mandate will provide a boost to PHEVs in the new car sector but it is clear that few used car dealers in our research believe it will have a material impact on their customers.”

MG Motor UK

Separately, MG has announced the company will offer all private buyers of the award-winning MG4 EV and the MGS5 EV a grant of £1500, as part of its support for the government’s Electric Car Grant announcement and its ongoing commitment to a Net Zero environment and the key role the increased adoption of electric vehicles will play in that.

The MG grant will be over and above any incentives currently offered by MG’s 155 UK dealer partners.

Guy Pigounakis, Commercial Director for MG Motor UK, commented: “MG has been a key contributor to the EV sector, consistently recognising the economic and environmental benefits of introducing a wide range of affordable, electric-only models. Today’s announcement underlines this commitment and in addition to this, we will also seek to work constructively with the government to further increase the sale of EVs.”

The MG grant will be over and above any incentives currently offered by MG’s 155 UK dealer partners, ensuring that MG remains at the forefront of offering the best value Battery Electric Cars available in the UK today.

Guy Pigounakis, Commercial Director for MG Motor UK, comments:

“MG has been a key contributor to the EV sector, consistently recognising the economic and environmental benefits of introducing a wide range of affordable, electric-only models. Today’s announcement underlines this commitment and in addition to this, we will also seek to work constructively with the Government to further increase the sale of EVs.”

MG Motor UK strongly supports the Government’s Electric Car Grant announcement as a statement of its ongoing commitment to a Net Zero environment and the key role the increased adoption of electric vehicles will play in that.

Today, MG is pleased to announce that in clear support of the Government’s initiative, and with immediate effect, the company will offer all private buyers of the award-winning MG4 EV and the MGS5 EV a grant of £1500.

The MG grant will be over and above any incentives currently offered by MG’s 155 UK dealer partners, ensuring that MG remains at the forefront of offering the best value Battery Electric Cars available in the UK today.

Guy Pigounakis, Commercial Director for MG Motor UK, comments:

“MG has been a key contributor to the EV sector, consistently recognising the economic and environmental benefits of introducing a wide range of affordable, electric-only models. Today’s announcement underlines this commitment and in addition to this, we will also seek to work constructively with the Government to further increase the sale of EVs.”