Following the UK Court of Appeal judgment on Friday 25th October, we took the decision to pause new business from Monday 28th October while we worked to mitigate the legal implications to protect our dealers, brokers and customers.

We have now made the necessary adjustments to ensure the business can operate within the legal requirements set out in the judgment and are now open for new business in MotoNovo.

We do understand the pause to new business created challenges for you, and we thank you for your patience and support while we have been navigating the impact of the judgment. Dealer partners are encouraged to reach out to their account manager with any questions they may have during this time. Find out more here. 

Important update: We're back open for business

Interested in becoming a MotoNovo dealer? Get in touch today.

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20% of consumers will consider buying a battery electric vehicle (BEV) when they next change car, while only 3% own one today.

This encouraging insight gained by research undertaken for MotoNovo Finance needs to be seen in the context of interest in hybrid cars, where nearly half of consumers will consider buying one.

Digging deeper into peoples’ future car buying plans, the perceived price of BEVs is an issue, especially for lower household income groups, with 42% of people citing price as a purchase barrier. However, even if there was price parity between ICE and BEVs, just 13% of people expect to go electric when they next change cars.

Rather than price, the dominant factor dissuading greater customer interest in BEVs centres upon charging. Factors including the public charging infrastructure, range/range anxiety, inability to fit a home charger, the cost of electricity, and, in some cases, a straightforward desire not to charge a car at home all scored prominently as reasons to favour a shift towards hybrid car options. 

It is, as MotoNovo’s Distribution Director Debbie McKay observes, a reason for a greater focus on charging and range to improve customer understanding of how electric cars can meet the motoring needs of many people; as she notes,

“The average commuting distance in the UK is a little under twenty miles, and just 14% of commuters travel over 42 miles a day.  In fact, according to UK government data, 99% of car journeys are less than 100 miles. The range of pretty much every BEV will cover these distances with ease, with the average BEV range in the UK identified as 211 miles, according to energy company Octopus.”

Data apart, there can be little question that with almost a quarter of people believing that the range available to BEV drivers isn't good enough between charges, while one in five don't want to have to think about charging their vehicle, addressing these  perceptions is a critical step that needs to be prioritised as Debbie concludes,

“Not only will pretty much any BEV meet the needs of the 99% of people whose car journeys are under 100 miles, but for anyone with a home charger, the cost of their travel will be reduced when compared to a comparable ICE car, and they will not need to spend time locating or using a petrol station.

All industry stakeholders need to communicate this message far more proactively. At the same time, for authenticity and transparency, it would be better to share real-world range information so that people understand the impact of winter weather/daylight and the use of air conditioning on the range."

Press release issued by MotoNovo Finance, June 2024

Our latest research shows 20% of consumers will consider buying a BEV, but only 3% own one today. Find out more from Distribution Director, Debbie McKay.

Battery Electric Vehicles: charging not price is the crucial change barrier

Last year, we celebrated our network of dealer and broker partners with the Extra Mile Awards, crowning winners across seven categories. With the 2024 Extra Mile Awards just days away, we’re taking a look back at the class of 2023…

Customer Journey Award winner
Focus Motor Store

Developing a polished car journey, Focus Motor Store took home the Customer Journey Award for always putting customers at the heart of everything they do. From allowing customers to tailor their finance agreement through Quote & Propose finance calculators to putting customers in the driving seat and giving them the option to reserve their favourite vehicles, every decision is made with the customer at the forefront of the journey. 

Community Impact Award winner
CarFinance 247

Committed to making a difference in their community, CarFinance247 was crowned Community Impact Award winner for their work with young people’s charity, Manchester Youth Zone. Alongside an annual financial donation, CarFinance 247 sponsored family food parcels, donated TVs and laptops, funded a sensory room, purchased a minibus… and that’s just a snapshot!

Embracing our products, launches and initiatives, MotoGB was recognised as our Partnership Award winner for utilising our digital tools throughout lockdown. With the likes of Self-Serve, MotoGB continued to offer customers the ease and convenience of an online finance application journey. 

Starting work at his parent’s dealership at just 19 years old and with little industry knowledge, Ian Gauld of Dunecht Garage now runs the day to day operations and has grown the business to record volumes. Introducing an improved compliant customer journey, implementing new initiatives to boost the dealership’s profile and navigating through challenging times, Ian has been recognised as an incredible leader, taking the business to new levels.

Diversity & Inclusion Award winner
Perrys Motor Sales

 Creating an inclusive workplace, Darren Ardon, Perrys Managing Director, has been a member of the Automotive 30% Club since 2019 and is a massive advocate for promoting the career progression of women in the automotive industry. Launching its own female ambassador project in 2022, Darren is committed to improving the representation of females across the industry. 

Sustainability Award winner
Bridgend Motor Group

Passionate about supporting young people’s careers, Bridgend Motor Group invested in building a purpose-made, self-contained Training Centre at its Kilwinning HQ. This centre has been so successful and well-used that they’re planning to expand at their Ayr and Kilmarnock sites! From car sales to marketing, Bridgend Motor Group is kickstart careers.  

Broker Partner of the Year Award winner
Anglo Scottish Asset Finance

Exhibiting the fundamentals of a great partner; customer centricity, transparency and collaboration, Anglo Scottish Asset Finance took home our first ever Broker Partner of the Year Award! The business is been built on reputation, agility and supporting customers with expert guidance on electric vehicles suitable for clear air zone cities. Fundraising is also key value of the broker, with the team raising nearly £4,000 in 2023 for homeless charity, CEO Sleep Out, by spending the night sleeping outdoors. 


We pride ourselves on working with trusted dealer and broker partners, and The Extra Mile Awards celebrates this and all of their hard work. Keep your eyes peeled on our socials for the 2024 winners circle this Thursday!

With the 2024 Extra Mile Awards just days away, we're taking a look back at our 2023 winners circle!

News - June 2024

Battery Electric Vehicles: charging not price is the crucial change barrier

Extra Mile Awards: a look back at the class of 2023

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