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With plans ahead to ban or restrict the use of petrol and diesel cars as early as 2040, buying an electric car is becoming a sensible and attractive option for those buyers who are currently looking for a new car. Below, Trusted Dealers explains why purchasing an EV could be a good idea.
EVs are the future
With oil supplies eventually going to run out, fuel-powered cars have a shelf life. In 2017, the Government banned the sale of new petrol and diesel cars in the UK by 2040, and in October, Oxford became the first city to ban these vehicles from its city centre by 2020. Also in October, the Mayor of London introduced a new toxic T-Charge of £10 issued to motorists who drive through the city’s congestion charge zone in cars that do not meet with the new emissions standard. With these rules now in place, now is a good time for buyers to consider switching to an EV.
The Government are currently offering incentives to make purchasing electric cars a far more attractive option for motorists. We’ve no idea how long these incentives will last so buyers are encouraged to take advantage now. The current incentive to buyers of new EVs is a £500 grant toward the cost of a car. The grant runs in conjunction with the Homecharge scheme which allows buyers an additional £500 toward the cost of installing a charging point at home.
In the past four years, the demand for electric vehicles in the UK has increased significantly, with registrations for plug-in cars increasing from just 3500 in 2013 to more than 126,000 by September 2017. With this in mind, a number of car manufacturers are launching all-electric cars in the next year meaning buyers will be spoilt for choice. VW plans to introduce 80 new electric cars to its range by 2025 and many other brands are considering a similar volume of new cars with electric credentials. Volvo have gone one step further and announced it will only launch PHEVs or all-electric cars from 2019.
One of the most attractive aspects of an electric car is the savings buyers will make on fuel. Although EVs are not the cheapest cars on the market from the outset, research from Exchange and Mart has suggested that they cost just 2 pence per mile and £2-£3 to charge at home. In contrast, a petrol or diesel car costs between £9-£13 to drive 100 miles. Furthermore, car owners who do not have off-street parking at their homes can seek government funding for a public on-street charge point to be installed near to their home
Increase in range
The range of EVs has improved significantly over the years, with some cars now capable of achieving more than 300 miles. The majority of more affordable EVs come with a range of around 100-150 miles on a single charge, so evaluating how you use your car should help you to make an informed decision as to whether an EV suits your lifestyle or not. PHEVs are a good alternative to an all-electric car because once the electric power runs out, the petrol engine will kick in.
In 2010, when EVs such as the Nissan Leaf first made their debut, there were very few charging points available in the UK, but in 2018 there are now 112,500 public or semi-public charging points across Europe. Furthermore, companies such as Shell have said they will invest money in installing more car charging ports across the UK in the future, and Polar, the UK’s largest EV charging network with more than 5,000 publicly-accessible charging points is continuing to expand with around 20 rapid chargers promised every month.