The motor insurance industry is projected to return to profitability in 2024 after two years of record losses, according to EY’s latest UK Motor Insurance Results.
Car buyers are increasingly turning towards electric vehicles (EV), with interest in petrol and diesel cars continuing to drop, according to EY’s latest Mobility Consumer Index.
The UK has been declared the fifth best-prepared market in the world for the electric vehicle transition in EY’s latest EV Country Readiness Index.
More than half (54%) of UK car buyers are considering an electric vehicle as their next car, according to new data from EY’s latest Mobility Consumer Index.
More than four-in-10 people (41%) of those looking to purchase a car would like to buy a zero-emission vehicle (ZEV), according to research by EY.
With the publication of its ‘Fit for 55’ proposals, the European Commission has taken a key step towards its goal of reaching net zero emissions by 2050.
The car retail sector has been hit hard since the outbreak of the COVID-19 pandemic.
As Automotive Managemnent (AM) asks UK car retail businessses to share their hopes and fears for a COVID-19 and Brexit-impacted year ahead in the 'Outlook 2021 Survey', David Borland, EY UK & Ireland automotive leader suggests there could be cause for "cautious optimism".
Millennials (24-39 year olds) are expected to lead a car ownership ‘boom’ that will benefit the post-COVID car retail sector, according to the 2020 EY Mobility Consumer Index.
