Perspectives

Episode #31: Should my next car be electric?

The Green Room by Deloitte podcast

Vehicles running on clean electricity for miles. It seemed like something out of a movie – until it wasn’t.

The modern car invented by Karl Benz and produced for the masses by Henry Ford has changed the world. Mobility. Convenience. Status. Freedom. And lots of emotion. Everyone has a story about their first car or that epic road trip down the coast.

But there’s a new player on the market. It drastically cuts emissions, fuel costs and maintenance. It’s hailed by many as a key step in our journey to net zero. Initially, electric cars were reserved for the happy few who could afford the hefty price tag. And there was the charging anxiety to deal with too – what if the battery runs out mid route?

The number of electric cars remains small versus the fossil-fuelled alternatives, but things are changing. The pandemic disrupted the traditional car markets and some are saying we’ve reached peak petrol. In fact, 1 in 2 people are already considering an electric vehicle. And the UK government has confirmed a ban on sales of new petrol and diesel cars from 2030.

So what’s it going to take for all of us to switch to electric? Charging infrastructure continues to be top of mind for eco-warriors. And when is the right time to make the switch? Can we actually afford it? Does it suit our lifestyle?

What about cuts to subsidies – how will they affect sales? How can businesses best embrace the financial and environmental benefits – think deliveries and company cars? What can we learn from other countries? And what does an all electric world look like?

Tune in to find out:

  • Who used to drive around in a yellow Datsun Cherry
  • George’s special formula for a great family car
  • Why Jamie thinks more and more people are keen
  • Who helped Daksh choose his next car

Speakers

Daksh Gupta

Daksh is Group Chief Executive Officer at Marshall Motor Group, one of the largest motor dealer groups in the UK. After starting his career as a car salesman, he’s now got over 28 years’ experience in the automotive retail sector. Daksh is also vice chairman of the UK automotive industry charity, BEN, and a Patron of the Automotive Thirty Percent Club.


Jamie Hamilton

Jamie is head of electric vehicles at Deloitte UK. He works with car manufacturers, leasing companies and new entrants to understand the new trends shaping the automotive and wider mobility sector. Right now he’s focused on helping existing and new manufacturers manage the transition to electric, considering all aspects of the business, from engineering and sales model to charging and market entry.

Read more

Further reading

If you’re interested in any of the topics we talked about during this episode, you might find the links below useful.

  • The Deloitte Academy Diversity on Boards Programmes - Deloitte offers two educational and networking programmes for senior women and BAME (Black, Asian and Minority Ethnic) leaders with the ability and ambition to be considered for a Non-Executive Director position at a UK-listed company.
  • TOAST - the retail brand that aspires to a slower, more thoughtful way of life. Today, led by Suzie de Rohan Willner, TOAST creates and curates simple, functional, beautiful clothing, homeware and editorial.
  • Hampton-Alexander Review - improving gender balance in FTSE leadership - The Hampton-Alexander Review is an independent, business-led framework supported by the Government set recommendations in 2016 for FTSE 350 companies to improve the representation of women on their boards and in leadership positions.

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