According to EY's 'Electric Vehicle Country Readiness Index', China takes the top spot, just ahead of Norway, as its tight control of production and an infrastructure boom keep the Communist nation at the top.
EY's Index looks at the preparedness of the top 14 vehicle markets for the arrival of EVs based on supply, demand and regulation. Norway, a new entrant to the index, is a close second to China due to huge uptake in demand and strong regulations. Sweden, Germany and the UK round out the top five positions respectively. The US remains in seventh position, despite recent regulatory action to encourage greater take-up of EVs.
The UK is ranked in fifth place in terms of global EV readiness by the report, with consumer demand continuing to grow and consumers apparently willing to pay an average premium of 15 per cent for an electric model of car. Major companies such as Uber are also aiming to electrify their fleets, with the UK offering...