Currently reading: Cost of living crisis dampens demand for EVs

What Car? data reveals interest in electric cars declined as interest rates and living costs spiked

The cost of living crisis has significantly reduced buyer interest in electric cars, data from What Car? Insight has revealed.

Between March and July 2022, more buyers signalled their intent to buy an EV than they did a pure petrol or diesel model. 

The proportion of buyers who planned to go electric peaked at 41.8% in July, when petrol prices hit a record 186.2p per litre.

But as pump prices fell, the cost of rapid-charging an electric car rose.

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