Leading electric vehicle (EV) company GoinGreen, who is largely responsible for the London growth of the market with the introduction of the REVA G-Wiz in 2004; today expressed its concern over the reports of fellow EV company, NICE Car Company going into administration (see Paul’s post).
Although the economic downturn is affecting all companies involved in vehicle retail at the moment with the electric market appearing to be particularly vunerable, GoinGreen has stated that it remains in good financial health and can weather what it views as a temporary general decline in EV sales. Indeed, GoinGreen has said it believes that as the public tightens its belt, the low cost motoring offered by the G-Wiz actually becomes a stronger proposition. From just £7,995 on the road and with fuel costs of under 2p per mile, low insurance and free or reduced fee parking in many London boroughs, now is perfect time for motorists to reconsider an electric vehicle for their urban driving requirements. Infrastructure, such as electric recharging points, is also on the increase in the capital. With potential savings of up to £6,000 a year, it has never been a better time to explore the idea of driving electric over a traditional petrol car.
“The Government recently backed the development of electric vehicle technology as it is an opportunity for the UK to take the lead and that we need to seize the opportunity given the state of the global economy. Other EVs are due to come to market, although most of these are still several years away or are very expensive. However, in the four years since GoinGreen launched, over 1,100 Londoners have experienced cheap and zero emissions driving in London by owning a G-Wiz,” says Steve Hartridge, managing director of GoinGreen. www.goingreen.co.uk
