Used electric cars are selling FASTER than petrol and diesel models – for one very good reason
Motorists are snapping up used electric vehicles faster than any other type of car as rock-bottom second-hand prices make them more appealing than petrol and diesel alternatives. In the month of November, dealers were, on average, selling an EV in just 33 days of adding them to their forecourts, according to a new market report. The average across all fuel types is 40 days, with diesels taking the longest of all – a total of 42 days, says cap hpi. It said the biggest reason for EVs to be flying off forecourts was the increase in numbers available within the ‘desirable retail price point of under £18,000’. Cap hpi, which is fed data from used vehicle retailers across the UK, said these low prices have made them more attractive to consumers as they offer ‘exceptional value for money’. The report is a major contrast to the new car sector, which has seen a public demand for EVs remain relatively low and sales of 100 per cent battery vehicles driven primarily by fleets and motorists taking advantage of tax-cutting salary sacrifice schemes. Used EVs not only sold faster than second-hand petrol and diesel cars in November, they also outperformed hybrids. Plug-in hybrids were the second slowest to sell at 41 days while conventional self-charging hybrids took 37 days on average, according to cap hpi’s latest data. Petrol cars averaged 39 days at used retailers before a buyer was found. Electric models aged three to five years old ‘demonstrated particularly strong sales’, the valuations experts said. EVs of this age were sold on average within 25.5 days – well below the 36 days recorded for petrol vehicles in the same age group – as many had fallen below the £18,000 ceiling, which is where second-hand sales dominate. Commenting on the data, Chris Plumb, head of current car valuation at cap hpi, said: ‘As the used car market for battery electric vehicles continues to mature, it is encouraging to see that many of the key performance indicators for this fuel type, especially in the important retail age band of three to five years, are positive. ‘As we have highlighted, EVs within this age band now represent exceptional value for money. ‘When factoring in the total cost of ownership savings and the remaining battery warranty, they present a compelling offer to used car buyers.’ Auto Trader, the nation’s biggest online vehicle marketplace, shared a similar update on November activity. Based on around 800,000 used motors advertised for sale on its website daily last month, it said the average listed price of a used petrol car last month was 4.7 per cent lower than November 2023 at £14,710. Diesels were down 5.8 per cent at £14,077 on average while the typical plug-in hybrid lost 10.5 per cent year-on-year at £30,598. But the biggest decline was the average advertised price of pre-owned EVs, down 11.7 per cent year-on-year to £26,390. Cheaper pricing resulted in faster sales; cars had sold two days quicker on average than in 2023, taking 31 days to leave forecourts. However, EVs sold even more quickly in only 28 days. It also said older models – those between three and five years old – were finding new owners in a mere 22 days. In the month of November, dealers were, on average, selling an EV in just 33 days of adding them to their forecourts, according to cap hpi The average across all fuel types is 40 days, with diesels taking the longest of all – a total of 42 days Feedback from cap hpi’s retail partners highlighted that the used car retail market showed resilience throughout November. The majority of dealers described trading conditions as steady. However, some reported unseasonably strong demand. Overall, most retailers appear pragmatic, acknowledging the influence of seasonal factors and the time of year on performance. Retail prices have seen minimal reductions this month, with adjustments mainly limited to ageing stock. Most retailers have avoided overstocking, reducing the urgency to cut prices compared to previous years, cap hpi said. *Article published: https://www.dailymail.co.uk/money/electriccars/article-14157027/Used-electric-cars-selling-FASTER-petrol-diesel-models-one-good-reason.html – image(s) extracted from article
NEXUS Automotive International to offer Solera’s dynamic routing solution to all members.
NEXUS Automotive International partners with Solera to support the roll-out of the Roadnet Anywhere solution to enable members to optimise costs and resources in last-mile logistics operations. Solera, the global leader in vehicle lifecycle management, today announces a new strategic partnership with NEXUS Automotive International. The new global partnership will give NEXUS members access to Solera’s cutting-edge Roadnet Anywhere dynamic routing solution, designed to optimise operations, reduce costs, and lower carbon emissions. Roadnet Anywhere leverages advanced algorithms and data analytics to optimise fleet operations, empowering users to reduce fuel consumption, improve delivery accuracy and minimise carbon footprints. The solution enhances customer service by enabling real-time tracking and proactive communication, improving the logistics experience. Commenting on the move, Gael Escribe, CEO of NEXUS Automotive International, said: “The collaboration with Solera is a major step forward in our commitment to providing our global community with the most advanced solutions of our industry. By teaming up with Solera, we are equipping N! members with the tools to thrive in a competitive market while contributing to a more sustainable automotive aftermarket industry.” The partnership is a significant milestone in empowering the global automotive aftermarket community with innovative technologies to achieve sustainability and improved operational efficiency. NEXUS and Solera share a vision of advancing technology adoption in the automotive aftermarket industry. Together, they aim to guide and engage NEXUS members on the transformative impact of dynamic routing. Arnaud Agostini, International Managing Director Sales, added: “This partnership with NEXUS Automotive International represents a powerful alignment of vision and innovation. With increasing complexity and cost pressures on supply chains globally, Roadnet Anywhere, is empowering NEXUS members to enhance efficiency, reduce costs, and drive meaningful sustainability impacts, such as lower fuel consumption and carbon emissions. As a global leader in fleet technology, operating in 107 countries with over 2,000 customers generating 24 million routes annually, Solera is proud to bring proven expertise to help shape the future of the automotive aftermarket industry “. About Solera Solera is the global leader in vehicle lifecycle management software-as-a-service, data, and services. Through four lines of business – vehicle claims, vehicle repairs, vehicle solutions, and fleet solutions – Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, DealerSocket, Omnitracs, LoJack, Spireon, eDriving/Mentor, Explore, cap hpi, Autodata, and others. Solera empowers its customers to succeed in the digital age by providing them with a “one-stop shop” solution that streamlines operations, offers data-driven analytics, and enhances customer engagement, which Solera believes helps customers drive sales, promote customer retention, and improve profit margins. Solera serves over 280,000 global customers and partners in 120+ countries. For more information, visit www.solera.com. About NEXUS Automotive International Established in 2014 by CEO Gaël Escribe, NEXUS Automotive International, the automotive aftermarket (AA) company, is shaping the future of the AA. Thanks to an entrepreneurial, innovative and agile mindset, disrupts the industry bringing innovative solutions for a more sustainable, digital and connected mobility. At the same time, it supports its community of more than 498 members in 138 countries, allied with 76 global suppliers, by providing services to accelerate their growth. is offering new approaches and new ideas for a connected, global and consolidated world of tomorrow to accelerate the success of car and heavy-duty spare parts and services distributors and manufacturers, through 16 regional structures that connect them. NEXUS’ consolidated turnover is expected to reach more than 46 billion euros in 2024. *Article published: https://businessinthenews.co.uk/2024/12/05/nexus-automotive-international-to-offer-soleras-dynamic-routing-solution-to-all-members – image(s) extracted from article
Cap HPI speeds up fraud detection with enhanced clocking investigation tool
Cap HPI has re-engineered its National Mileage Register (NMR) investigation process to offer a faster and more efficient service for dealerships to help protect car buyers from mileage tampering, or “clocking”. Cap HPI’s enhanced service now integrates 500 million records from more than 20 industry sources including the DVLA, insurance claims, V5 documents, and leasing companies to provide a comprehensive defence against fraudulent activity The service, part of the HPI Check, can help identify and address potential mileage tampering in vehicles, helping dealers comply with legal obligations and protect buyers. John Dennis, UK sales director at Cap HPI, said: “The new approach is faster and more reliable than the previous process. It also gives users clearer data, helping them evaluate and manage risk. By saving dealers time and money through increased efficiency, we’ve created a service that supports both compliance and operational goals.” The re-engineered NMR service compares a vehicle’s current mileage against the National Mileage Register database to verify accuracy. Developed in partnership with Trading Standards, the process ensures recorded mileage reflects the true distance travelled based on available data. Trading Standards advises dealers to supplement the NMR check with additional diligence, such as obtaining a signed mileage declaration from the current owner; conducting a physical inspection of the vehicle to confirm its condition aligns with the recorded mileage and reviewing the vehicle’s MOT and service history. *Article published: https://www.am-online.com/news/cap-hpi-speeds-up-mileage-fraud-detection-with-enhanced-clocking-tool – image(s) extracted from article
Used EV sales soar to ‘record high’ as low prices increase drive demand
Sales of pre-owned electric models increased by nearly 60 percent during the summer of 2024, with many popular models priced lower than petrol rivals. The Society of Motor Manufacturers and Traders (SMMT) has reported a sharp rise in the sale of used electric vehicles following a large increase in supply. According to the organisation, 52,423 used electric models found new owners between July and September, representing a significant 57% rise. Quentin Willson, former Top Gear presenter and founder of EV campaign group FairCharge, highlighted the increase shows a growth in trust for the zero-emission models. He explained: “The rise in sales of used EVs shows us that consumers are recognising the value, lower running costs, and minimal maintenance of electric cars. “Many secondhand EV models are now priced at the same level, or less, than the equivalent combustion cars. The low total cost of ownership of EVs is galvanising the used market. The word is out.” One of the most significant causes for the growth in used EV sales is the increasing number of ex-company cars entering the market, which led to many popular models falling in value. In some cases, electric models are cheaper to buy used compared to petrol or diesel alternatives that have covered a similar mileage. Analysis from the finance expert Cap HPI found that the average four-year-old electric car is a substantial 14% less than a petrol model of the same age. Dan Caesar, CEO of Electric Vehicles UK, noted that EVs also offer substantially lower running costs compared to petrol and diesel cars, while sharing high hopes for 2025. He added: “Lower running costs and the longevity of electric vehicles make them an increasingly appealing option. “We’d expect the trajectory of used EV sales to go from strength to strength in 2025 as more consumers discover this.” Whilst many motoring experts have praised the increase in sales of electric vehicles on the used market, some have criticised Labour’s lack of incentives for private buyers of new EVs. During the Labour’s first budget in 14 years, Chancellor Rachel Reeves confirmed the freeze on Benefit-in-Kind, the tax paid on company vehicles, will continue until 2028 but insisted that private EV owners will need to pay road tax from April 2025, a measure first proposed by the previous Conservative Government in 2022. Some automotive organisations have urged the Government to slash the VAT rate for public EV charging by half to 10 percent in a push to further lower running costs. *Article published: https://www.express.co.uk/life-style/cars/1972888/used-electric-vehicle-sales-cheap-tesla-charging – image(s) extracted from article
Cap HPI combines vehicle data and valuations teams under new senior director
Cap HPI is combining data roles under one team Stacey Ward is named senior data director Other promotions and departures confirmed Cap HPI has announced it is restructuring its data teams, bringing vehicle data and valuations operations together. Stacey Ward (pictured) has been named senior data director and will head up the combined teams. Ward has previously worked for Solera, Cap HPI’s parent company, since 2018 and previous roles include leading Autodata and the WTLP Integration project at Cap HPI. Chris Wright, vice president of North Europe for Solera, said: ‘Stacey has a wealth of experience across Solera and within Cap HPI. ‘Her drive and focus in delivering change across Autodata and Cap HPI is clear.’ ‘The changes will unlock a new focus on operational excellence and greater flexibility to meet customer requirements.’ Following the news that Derren Martin will be leaving Cap HPI later this year, Chris Plumb will head up the car valuations team. The forecast strategy team will continue to be led by Dylan Setterfield and Dionne Hanlon has been promoted to head commercial vehicles and motorcycles. Cap HPI also announced Jon Clay, identification director, will also leave the business in the coming weeks. Ward commented: ‘The team at Cap HPI deliver the data, insight and technology that drives the industry forward. ‘By bringing the new vehicle data and valuations teams closer together, we can react more quickly and flexibly to customer needs. ‘The changes will also help to speed up the pace of innovation across the business.’ *Article published: https://cardealermagazine.co.uk/publish/cap-hpi-combines-vehicle-data-and-valuations-teams-under-new-senior-director/309525 – image(s) extracted from article
Cap hpi welcomes ‘reassuring’ September BEV values rise
Battery electric vehicles (BEVs) were the best-performing fuel type in September, rising for the second consecutive month, according to the latest analysis from cap hpi. The stabilising of the BEV market is good news for dealers who were hammed by falling values in the final quarter of 2023. At three years old, BEV values have increased slightly by 0.3%, or c.£50, with many continuing to look good value for money and hitting attractive retail sweet spots. Overall values only saw a slight decline, with a 1.1% average drop at the three-year, 60,000-mile point. Over the 12 years since Cap Live was introduced, the average movement into November was a downward one of 1.3%, with the strongest year being a positive 1.2% in 2021 and the weakest being -4.2% last year. At the one-year age point, values dropped by 0.9% or c.£320, while at five years, the figure was 1.3% and at ten years 1.5%, equivalent to £170 and £70, respectively. Again, nothing untoward and reflective of a stable market for the time of year. Derren Martin, director of valuations at cap hpi, said: “Overall, October value movements can be seen as a return to normal seasonal drops, a welcome and reassuring picture for the industry, particularly after last year’s tumultuous final quarter. “Additionally, the volume of electric vehicles selling in the trade market continues to show an upward trend. September was the second-highest volume month, only slightly trailing the record month of July this year. However, BEV values remain particularly nuanced, with some, such as the Jaguar I-Pace and Vauxhall Mokka, looking great value versus ICE equivalents.” Amongst the BEVs that saw value increases were the Citroen C4, Volkswagen ID.3 and Nissan Leaf, whilst the Tesla Model Y and Model 3 dropped in value, along with the Mini Cooper and the Mercedes-Benz EQE. Looking at all fuel types, Superminis experienced the most significant sector decline on average, down 1.4%, but this only amounts to about £150. Similar 1.2% and 1.1% declines were seen in city cars and lower-medium models, translating to roughly £100 and £150, respectively. SUVs have also been affected by the seasonal softening of prices. At three years, their average negative adjustment was 1.2%, or about £215. *Article published: https://www.motortrader.com/motor-trader-news/automotive-news/cap-hpi-welcomes-reassuring-september-bev-values-rise-29-10-2024 – image(s) extracted from article
Video: Used electric cars RISE in October as all other fuel types lose money
Used car prices fell 1.1% overall in October Electric cars were the only fuel type to rise – up 0.3% Watch our video interview with Cap HPI on the latest used car prices above Used car prices fell 1.1% in October as September plate change part exchanges dropped back into the market. The best performing fuel type, though, was electric with EVs actually rising in price by 0.3% during the month, according to data just released by Cap HPI. In a video interview about the latest on used car prices (above), Cap HPI senior valuations editor Chris Plumb said: ‘For the second consecutive month, EVs have had the strongest movement. ‘The devil is in the detail but at the three year price point, EVs still look good value.’ EVs priced between £5k-£10k saw an increase of 0.7% with those in the £10k-£15k price bracket rising the same percentage. Plumb added: ‘We think for people concerned about the cost of living, the savings with an EV start to make quite a compelling case for them.’ By comparison, used petrol car prices fell 1.4%, diesels dropped 1%, hybrids were down 0.6% and plug-in hybrids were down 1.1% in October. Plumb said demand had tapered off towards the end of October, as half term approached, and said the valuations firm believes more seasonal price changes will now take effect. He added: ‘I think that the first half of the month was okay. I think the second half people did report that they’d seen a seasonal softening. ‘I think we’ve got to be pragmatic about it, because of the time of year there has been that sort of drop off. But I don’t think it’s anything to be particularly alarmed about. I think it is just that seasonal movement that we’d normally expect.’ Biggest used car price falls Source: October 2024 data, Cap HPI Ssangyong Korando Electric -11.6% (£1766) Ssangyong Korando Diesel -8.8% (£775) Vauxhall Astra Diesel -7.8% (£796) BMW 2 Series Convertible -6.0% (£896) Nissan eNV200 -6.0% (£856) Fiat 500L -5.9% (£478) Genesis GV80 -5.9% (£2333) Genesis GV80 Diesel -5.9% (£2252) BMW Z4 Roadster -5.9% (£1625) BMW 4 Series Convertible Diesel -5.9% (£1691) Looking ahead, Plumb says the used car market will remain stable with no sudden shocks in price changes, as was experienced at this time last year. He said: ‘All the indications and all the factors are stacking up that consumer demand may have softened, but remains fairly robust. And used car demand remains strong.’ Derren Martin, director of valuations at Cap HPI, added: ‘Overall, October value movements can be seen as a return to normal seasonal drops, a welcome and reassuring picture for the industry, particularly after last year’s tumultuous final quarter. ‘With a return to a more predictable feel about value moves in the last two months, it looks like more of the same for the balance of the year.’ Biggest used car price rises Source: October 2024 data, Cap HPI Citroen C4 Cactus Diesel 6.0% (£550) Citroen C4 Electric 5.1% (£541) Mercedes-Benz E Class Diesel 4.1% (£1163) Volkswagen ID.3 Electric 4.0% (£592) Mercedes-Benz AMG E Class 4.0% (£1550) DS DS3 Crossback Electric 3.1% (£333) Jeep Renegade Diesel 3.1% (£500) Tesla Model S 3.1% (£1133) Mercedes-Benz E Class Coupe 3.0% (£900) Lexus NX Hybrid 3.0% (£746) Martin added: ‘However, as soon as our monthly values are published, potential pitfalls will arrive. At the end of October/early November, the clocks go back, half-term arrives for most of the country, and there is the Autumn Budget. All of these can potentially adversely influence demand in the used car market. ‘There is underlying strength, however, with a shortage of supply and steady demand, so it is likely that there will be minimal effect from these factors this year. Indeed, if interest rates drop, this could well have a positive impact.’ Watch our video interview with Cap HPI. https://youtu.be/_WPghzRBU_4 *Article published: https://cardealermagazine.co.uk/publish/video-used-electric-cars-rise-in-october-as-all-other-fuel-types-lose-money/309377 – image(s) extracted from article
Fleet electric vehicle share rises to 43%, Cap HPI reveals
Battery electric vehicles (BEVs) accounted for more than four in 10 (43%) of fleet registrations in the first nine months of 2024, Cap HPI has revealed. Its latest Insight report shows that year to date, BEV fleet share in September increased to 43%. That’s up over 10% compared to the year’s first quarter but down compared to the 50.1% for the first three-quarters of 2023. BEV uptake has been stronger in recent months, and looking at the last quarter in isolation, BEV share stands at 47%. Plug-in hybrid (PHEV) share remains high at nearly 22%, but this is down compared to earlier in the year when it accounted for over 25%. However, examining the last quarter in isolation, PHEV’s share is 19%. The Cap HPI fleet figures compare to SMMT registrations data across the new car market, showing a 20.5% share for BEVs in September, 8.9% for PHEVs, 14.2% for hybrids (HEVs), 50.1% for petrol and 6.4% for diesel. Andrew Turner, senior product specialist at Cap HPI Consulting, said: “The data suggests that manufacturers and fleet are shifting their focus back to BEVs. Although petrol’s share remains strong, it accounts for a quarter (25.3%) of this market.” Cap’s September data on the top 10 fleet models includes some models not featured before, with the Mercedes EQB and Volkswagen Tiguan as new entrants. The Range Rover Sport enters the top 10 at number eight, with the PHEV technology adoption helping to substantially lower BiK costs than petrol or diesel versions. The Tesla Model Y tops the year-to-date chart, with the Model 3 now in fourth place. The year’s early frontrunner, the A3, is in second, with its stablemate, the Q4, in third. Fuel Jan-Sep 24 Share Jan-Sep 23 Share Diesel 3.9% 4.8% Petrol 25.3% 23.3% BEV 42.7% 50.1% PHEV 21.9% 16.7% HEV 6.3% 5.1% Top 10 fleet registrations: Sep 2024 1 Audi Q4 690 2 Mercedes EQA 499 3 Tesla Model Y 448 4 Mercedes EQB 411 5 Volkswagen Tiguan 388 6 Hyundai Kona 374 7 Cupra Formentor 365 8 Range Rover Sport 360 9 Skoda Enyaq 356 10 Kia Sportage 320 Jan-Sep 2024 (YTD) 1 Tesla Model Y 6,051 2 Audi A3 5,705 3 Audi Q4 4,461 4 Tesla Model 3 3,951 5 Volkswagen Golf 3,911 6 BMW i4 3,785 7 MG Motor UK MG4 3,086 8 Mercedes EQA 3,039 9 Kia Sportage 2,967 10 Cupra Formentor 2,967 For more of the latest industry news, click here. *Article published: https://fleetworld.co.uk/fleet-electric-vehicle-share-rises-to-43-cap-hpi-reveals – image(s) extracted from article
EVs written off FAR less frequently than petrol and diesel cars
It says combustion engine cars are written off at over double the rate of EVs Despite various reports stating the contrary, a new study has found that EVs are being written off in Britain less frequently than petrols and diesels. Internal combustion engined (ICE) cars are written off at over double the rate of fully electric vehicles, automative data experts Cap HPI says. The study, which examines data from 2015 to August 2024, found 0.9 per cent of EVs under five years old have been written off, compared to 1.89 per cent of petrol and diesel vehicles. A similar gap remains at one year old models, where the percentage falls to 0.2 per cent for EVs and 0.4 per cent for ICE. The report is the latest good news piece surrounding EVs, following claims earlier this week that batteries in the latest electric models now last for 20 years or longer – and generally have a longer lifespan than components in conventional engines. on Clay, identification director at Cap HPI, said: ‘The study challenges one of the many misconceptions about electric vehicles. ‘The data clearly shows that EVs are written off at half the rate of petrol and diesel vehicles. ‘We work hard to provide an accurate picture of the automotive sector to the industry and consumers alike, from valuation data to provenance checks and trend analysis. ‘The motor industry has to collectively address the wave of misinformation around EVs that is present online to enable consumers and fleet customers to make informed and well-balanced decisions about their next vehicle.’ The analysis reveals there are currently 1.25million EVs under five years old on Britain’s roads. Of these, 355,000 are less than 12 months old. According to the latest official car registration figures published by the Society of Motor Manufacturers and Traders, BEV registrations increased 10.8 per cent in August compared to the same time last year and accounted for 22.6 per cent of all new vehicles – the highest market share seen since December 2022. Cap Hpi’s data goes against a number of reports in the last year or so that have made bold claims that EV write offs are far more common. A Reuters report last year warned of a rise in the number of electric vehicles being written off due to minor damage to their battery packs. Pictured: Damaged electric and hybrid cars at UK salvage company Synetiq’s yard in Doncaster https://youtu.be/rY3HJVTyRqA An investigation by Reuters in March 2023 suggested insurance companies are increasingly being left with little to no choice but to permanently take electric cars off the road after minor collisions, which in turn is pushing premiums higher. The report warned of scratched and mildly damaged battery packs ‘piling up in scrapyards in some countries’ with experts saying batteries in expensive Tesla Y SUVs have ‘zero reparability’ because they are a structural part of the car. Further research last year compiled by UK-based automotive risk intelligence company Thatcham Research also warned that EVs are more expensive to repair, take longer to fix and are more commonly written off as a result of damage to their batteries. Its Impact of BEV [Battery Electric Vehicle] Adoption on the Repair and Insurance Sectors report published last July – funded by Innovate UK, the government’s innovation agency – says that road collisions involving an electric car are often ‘catastrophic for the vehicle’. This chart shows the electric vehicle and high voltage battery repairs as a proportion of total repairs Thatcham Research showed the impact of a low severity impact on a Tesla and the damage it can cause to the battery casing, which would then need to be repaired or replaced The casing – in which the batteries are stored – often have a wide structure, making them vulnerable particularly to side-on collisions This is because of a ‘concerning lack of affordable or available repair solutions and post-accident diagnostics’, which often sees EVs written off as uneconomical to be returned to the road. This is most commonly the case if the high-voltage battery pack has sustained damage as a result of a collision. Batteries in electric cars represent a substantial percentage of the original vehicle value and if harmed in anyway often sees insurers deem the cost to repair or replace them exceed the car’s total existing value. The study said the cost of replacement EV batteries varied widely depending on the model – though it is extremely expensive process no matter the car in question. For a premium electric car, for instance, the cost of a new battery is around £29,500, Thatcham Research said. This is more than the price of a new petrol Volkswagen T-Roc SUV. And for ‘budget-friendly’ electric models, it estimates the average cost of battery replacement to be £14,200 – that’s more than a Dacia Sandero, Britain’s cheapest car. Earlier this year, This is Money reported on the difficulties some owners of Chinese EVs were having trying to insure their vehicles. This was due to a lack of available parts and expertise to repair them, which in turn was seeing vehicles being written off for relatively low levels of crash damage. Drivers of BYD and GWM Ora models explained how they were facing extremely steep quotes for cover because only a few insurance providers will underwrite them due to the difficultly to fix them. The government has recognised the need to address misinformation around EVs. Last year, Richard Bruce, director of transport decarbonisation at the Department for Transport, said: ‘I do think there has been an impact from a concerted campaign of misinformation over the last 14 months or so that has been pushing consistent myths about EVs that people absorb and which is reflected in their appetite [for purchasing EVs]. ‘There is an anti-EV story in the papers almost every day. ‘Sometimes there are many stories, almost all of which are based on misconceptions and mistruths, unfortunately.’ *Article published: https://www.dailymail.co.uk/money/electriccars/article-13868267/EVs-written-FAR-frequently-petrol-diesel-cars.html?ico=mol_desktop_moneycars – image(s) extracted from article
NASCAR Appeals Panel Sides with Chase Briscoe, Joe Gibbs Racing, Overturns Major Penalty
The National Motorsports Appeals Panel has cleared Joe Gibbs Racing of any wrong doing in regard to a penalty NASCAR assessed Chase Briscoe’s team following the season opening Daytona 500. The penalty dealt with the vehicle assembly rules and the Toyota’s spoiler. NASCAR gave a four-race suspension to crew chief James Small, a $100,000 fine to Gibbs and a loss of 100 championship points and 10 playoff points to Gibbs and Briscoe. That left Briscoe, who won the pole for the Daytona 500, 45th in the driver standings after the prestigious race. However, on Wednesday, the Appeals Panel determined that after hearing testimony, JGR, Small and Briscoe didn’t violate the rules set forth in the penalty. “Biggest points day of my career!” Briscoe posted on X (formerly Twitter). “We’re back! “In all seriousness, thank you to NASCAR for giving us the option to show our evidence and huge thank you to everyone at Joe Gibbs Racing, who put in countless hours to put everything together. “A lot of people keep saying I’m lucky to be where I am … Just wanted to clarify that I’m not lucky, I’m blessed.” In reaching its decision, the three-person panel said it believed the elongation of some of the holes on the number 19 Cup car spoiler was caused by the process of attaching that specific spoiler base to the rear deck and not modification of the single source part. The panel was comprised of Dixon Johnston, Hunter Nickell and Cathy Rice. *Article published: https://autos.yahoo.com/never-better-time-buy-used-112232056.html – image(s) extracted from article
