I have been shocked by how fast things have already changed. And I don’t see them slowing down.
From being the object of (misleading) ridicule on Top Gear, there will be over 2 million of them on UK roads soon. And even if their relative popularity as new cars stagnates for a while, it is a mathematical certainty that their share of the vehicle parc will tend towards 1 in 5 (so around 8 million vehicles by 2035. That’s because EVs are lasting at least as long as their ICEV counterparts, and there is every sign they will last longer.
Faced with those numbers, the fuel supply business will have to shrink, and selling fuel is a very marginal and competitive business. So it will become harder to get it in remoter parts of the country, and those who have to drive to reach a petrol station will find that is more expensive and inconvenient.
I suspect there will be loud and angry voices demanding that supplying fuel in rural areas be subsidised by the government, but by that point there may be a different response - we may copy the Chinese and offer a scrappage scheme to get older ICEVs off the road, as happened in London when the ULEZ was extended.
But I don’t think EV adoption will stagnate at 20-25% of the market. I already know one person who has upgraded from a plug-in hybrid to an EV now he’s seen the benefits of driving with a battery, and another person who is thinking of getting an EV because her father has a plug-in too.
And in this thread, the number of people saying they love their EV and won’t go back is heartening. It aligns with the people we know who say the same.
Even if things do slow down in the UK, EV adoption is exploding in other parts of the world as China begins to take advantage of the enormous lead it now has in battery technology and Trump’s handicapping of US manufacturing. Ethiopia has already banned the import of new ICE cars, and will not be the last country to do so. In Norway only tiny numbers of ICE cars are now sold.
I am an engineer who witnessed at first hand the impact Japanese car manufacturing had on the world in the 1980s. My parents first brand new car was a Nissan Sunny, when all we’d had before were lousy European cars secondhand, and the Chinese are now following suit.
The Japanese caused a very rapid sea change in manufacturing better and cheaper versions of what were still conventional cars, so the public didn’t get to see what we were having to do in the European and American factories to learn from them.
The Chinese are driving a very rapid sea change in the cars themselves, and any company that doesn’t go with it will risk irrelevance in the future.