Proactive Investors - Fiat has urged the UK government to do more to boost the electric vehicle market, warning sales are tailing off.
The Italian car manufacturer wants more help for people to switch from fossil fuel vehicles, voicing concerns that EV sales are not accelerating as quickly as it or other manufacturers expected.
In a letter to the government, it warns that the market share of EV’s in the UK has plateaued in the year since the Plug-in Car Grant, which subsidied the cost, was abolished.
Fiat are also offering a £3,000 discount to its electric cars, dubbed the Fiat ‘E-Grant’, which is larger than the phased-out government subsidy.
Damien Dally, Fiat UK’s managing director, told Radio 4’s Today Programme that the EV market has grown from less than 1% in 2019 to 15% today.
Dally said: “That means 85% of people are not buying electric vehicles today. And it’s really halted since the removal of the grant.”
Fiat believes that demand for EV cars will start to tail off in six month’s time, Dally added.