Aftermarket March 2023

MARCH 2023 AFTERMARKET 33 www.aftermarketonline.net proven reliability and availability with near-national coverage, so far, is from Tesla. This all ignores the main issue – the UK does not have enough electricity generation capacity to meet existing demands, without an additional 2.5 million plus cars per year, every year until 2030. The reality is better battery systems and improved charging systems including base load electricity generation will not be in place much before 2035, assuming politicians actually make any decisions from now on. This will mean a half-baked policy, delivered in a half-hearted way once the politicians see this is a whole lot more difficult than adding a green strip to the number plate. Scenario 2 – U-turn There is a huge amount of finance tied up in the vehicle market, so meddling with this is not on the same level as persuading someone to upgrade to a new phone. The political elite will get this message during 2023, as the global recession which has been underway since 2021 bites deep into consumer spending. Most of the vehicles financed do not have any hybrid drive system let alone have pure electric powertrains, and yet… Every single customer who owns a vehicle regards this as their own space. In the modern way, and frankly a huge tragedy in its own right, many people under 40 years old without the right breaks do not get to buy a home, meaning the vehicle really is their world. In effect, whilst Westminster has been excitedly talking to itself about how to get the public to follow their dream, there has been little apart from discussions of bans and ever-increasing taxation. Could the public simply disobey those whom are elected to serve the public? The taxes would fly around, but the gross inefficiency of Big State would mean fines just pile up, unpaid. For those unfortunate enough to live in physical manifestation of the latest local government thinking – ghettos called ’15 minute communities’ – where residents will be discouraged from using their vehicles in the town or city for more than one third of the year – will this encourage compliance or lip-service? Nothing local or national government does delivers believable change, especially when the changes are around property the policymakers do not own or have paid for. Scenario 3 - rejection It is likely the events which saw oil traded in Yuan (backed by gold) instead of the U.S Dollar along in 2022 with the alliance of India, Iran, much of Africa, much of South America, Russia and China, will deepen the financial crisis facing the USA, Europe and many other ‘developed’ nations. Such is the pace of events the ‘developed’ economies are now starting to behave like ‘emerging’ economies. Imagine the unimaginable. The pound becomes in effect worthless, and our major trading partners including the EU27 are in the very same boat. What then? The UK car parc is very real, with each vehicle owned. Setting aside what could happen to the price of petrol and diesel, the UK could keep its economy moving by freezing the move to battery electric vehicles. For those who have pure electric vehicles or who want to buy one, we still have a capitalist economy and so consumer choice should be respected. The main casualty will be the work outlined by Lord Deben. What is in all of this for the automotive aftermarket? From the first two parts of this series, you can see quite a lot of pitfalls, roadblocks and potential disasters – but there are quite a few opportunities as well. That’s what will be explored in the final part of this article. The dream is to get everyone into pure electric vehicles, and to use a series of taxation and other measures to encourage adoption ”