Models
One of the reasons for the predicted upturn of electric cars in 2020 is availability. There are already more models of electric cars available than ever before. There are still more to come in the coming year. Car manufacturers are starting to produce a greater variety of electric cars, including larger family models, and a variety of body types. Data suggests that the number of models is set to rise from around 100 to 175 by the end of 2020. If this pattern is continued throughout the coming year, the number of models could rise to around 350 by the end of 2025.
Incentives
European Union incentives come into place this year that penalise carmakers for producing polluting cars. Carmakers will have to pay a fine per gram of emissions over their target. To avoid this, some manufacturers are choosing to produce electric or hybrid vehicles instead. This means that there will be more electric cars in 2020 purely because carmakers want to avoid fines. Hybrid cars also count towards carmakers’ targets. As such, many manufacturers will make hybrid vehicles more available to the public.
Prices
Greater availability of electric and hybrid vehicles is likely to have other benefits for consumers. Usually, a surplus of a product results in the reduction of the price. If there are a greater number and variety of electric vehicles for potential customers to purchase, car sellers will likely have to compete for lower prices. All of this means that drivers could finally see the rise of electric cars in 2020. This could make what has been predicted so many times before finally come true.
When you buy an electric car, you want to make sure that it is looked after. While you’ll need to get insurance to protect yourself and your car in case anything happens, the unexpected could still happen. If your car is written off, you could get a lot less back from your insurers than you might think. GAP Insurance ensures that you get back what you paid for your car after a write off, even if your insurers offer you less.