Table 1: UK registrations of passenger vehicles by propulsion technology, 2021 and 2022
| Technology | 2021 | 2022 |
|---|---|---|
| Pure Diesel (ICE) | 150 000 | 95 000 |
| Pure Petrol (ICE) | 480 000 | 390 000 |
| Battery Electric Vehicles (BEVs)† | 85 000 | 175 000 |
| Plug-in Hybrid Electric Vehicles (PHEVs)† | 125 000 | 195 000 |
| Total | 840 000 | 855 000 |
† BEVs and PHEVs use high-capacity lithium-ion cells with synthetic graphite anodes.
Figure 1: UK demand for high-purity synthetic graphite, thousand tonnes, 2018 to 2032
| Year | Steel electrodes | Lubricants | Metallurgy | Nuclear | EV Batteries | Total |
|---|---|---|---|---|---|---|
| 2018 | 90 | 10 | 10 | 10 | 0 | 120 |
| 2022 | 100 | 10 | 10 | 10 | 50 | 180 |
| 2027 (estimate) | 110 | 20 | 20 | 20 | 380 | 550 |
| 2032 (estimate) | 120 | 30 | 30 | 30 | 1190 | 1400 |
Explain how the data in Extract A (Table 1 and Figure 1) show that developments in the passenger vehicle market are the main reason for the changing demand for high-purity synthetic graphite in the UK.
256 exam-style questions on AQA A Level Economics 1.3 Price determination in a competitive market, covering 1.3.1 The determinants of the demand for goods and services, 1.3.2 Price, income and cross elasticities of demand, 1.3.3 The determinants of the supply of goods and services, 1.3.4 Price elasticity of supply, 1.3.5 The determination of equilibrium market prices, and 1.3.6 The interrelationship between markets. Each one has a worked solution and a mark scheme showing where the marks go.