Early car sales are rising but fears are growing about planned EV support cuts later this year

Car registrations fly in the first three weeks of the year (up about 13 percent).

Although many of these would have been booked in advance, the increase reflects strong demand.

However, there is some uncertainty moving forward after the government recently announced plans to reduce support
for electric vehicles from this July.

Will there be a mad shopping spree by then? Will there be cars to meet demand? As you know, some distributors suffered from acute bottlenecks last year.

In response to the announcement, Brian Cooke, Director General of the Society of the Irish Motor Industry, said a new infrastructure plan was welcome but must not come at the expense of other supporters.

“Continuing SEAI funding at current levels is essential if we are to ensure maximum supply and optimize demand in Ireland’s electric vehicle market
Market. A premature reduction risks stalling sales at a key time for the growth of this market,” Mr Cooke said.

https://www.independent.ie/life/motoring/car-news/early-car-sales-soar-but-fears-grow-over-planned-cuts-in-ev-support-later-this-year-42311620.html Early car sales are rising but fears are growing about planned EV support cuts later this year

Fry Electronics Team

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