In the News
Motorists shun diesel vehicles
6th February 2017
Evidence of an interesting shift in the car market with the Society of Motor Manufacturers and Traders (SMMT) noting that demand for diesels is down, reflecting changing consumer tastes.
This has obvious price implications, and contrary to what most previous evidence has suggested, implies that attitudes to environmental issues can move markets as much as, if not more than, price can in this instance.
UK diesel car sales were down 4% in Jan 2017 versus January 2016. Electric / alternatively-fuelled cars were up 20%
If they introduced incentives to scrap old diesels it could be paid for from VAT from new car sales https://t.co/Xi7QXRFF26
— Edmund King OBE (@AAPresident) February 3, 2017
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
What is Behavioural Economics?
Study Notes
Patterns of Demand - WFH takes shine off Kiwi polish
3rd January 2023
Regulated rail fares to rise 6% - potentially pricing many off services
28th December 2022
UK bus price cap scheme is extended
19th December 2022
New Zealand legislates to ban cigarettes for future generations
15th December 2022
Environmental Economics - CO Emissions by Transport Mode
27th November 2022
Changing tastes and preferences - Is plant-based meat staying on the menu?
21st September 2022