Supplementary evidence from James Taylor (Stellantis) (ELV0128)
 

September 6 - Session 2, Panel 2: Stellantis (James Taylor, Vauxhall)

Could you expand on the meaning of ‘getting the second-hand market to work’ for EVs. Is that around reducing the cost of second-hand cars, increasing the availability of second-hand cars or addressing barriers to people’s trust in second hand vehicles?

There are several barriers to achieving a sufficient supply of second-hand EVs similar to the barriers to purchase of a new EV. Ultimately, the vehicle has to be sold as new in the first instance to increase the number of EVs in circulation. With Government incentives having been removed for passenger cars and the ever present ‘charge anxiety’ is stalling EV adoption through retail channels. Production costs for EVs need to reduce to provide a more competitive price point versus petrol or diesel equivalent vehicles.

Could you reflect further on whether the current drop in used EV prices is a positive or a negative development in your view? Would you (Vauxhall) like to see a reduction in the differential between new and second hand EVs or not?

Not one we are able to provide any further information on.

On the subject of European EV targets. Are there benefits to the UK aligning with Europe’s more flexible targets? Does it cause any problems with the UK going early or is sticking to any targets set more important?  

Not one we are able to provide any further information on.