Electric Car Sales Will Slow by 2027 Owing to Delay of Zero Emission Mandate: OBR

Sales of electric vehicles (EVs) in the next three years will slow down owing to a delay of the zero emission mandate among other reasons, the Office for Budget Responsibility (OBR) has warned. The OBR reduced its forecast for the uptake of EVs this year from 25 percent to 18 percent. The sales will slow down in 2027 from 67 percent to 38 percent, according to OBR’s November forecast. “In previous forecasts the EV share of new car sales had repeatedly exceeded our expectations, increasing from 0.5 percent of new car sales in 2017-18 to 13.6 percent in 2021-22,” the OBR said. To reflect this, in March 2022 the forecaster made an upward revision on the pace of EV sales. The OBR believed that by 2026–2027, the uptake would rise to almost 60 percent of new car sales....