'Difficult times' are ahead for the UK's 2030 target to ban petrol and diesel cars, Auto Trader warns, saying 'we are in danger of veering off-track'.
The number of petrol and diesel models costing less than £30,000 is nine times bigger than the number of EVs, Auto Trader said, and a new electric SUV costs an average of £22,290 more than a petrol one.
Analysis by the company suggests that the savings drivers can make in running an electric car, as opposed to a diesel or petrol car, have reduced as the cost of oil has come down from theWhile EV owners with a home charger can save up to £130 for every 1,000 miles by charging at off-peak overnight rates, savings reduce to just £40 for those drivers using public chargers, the analysis says.
Auto Trader noted there was still strong interest in second-hand EVs and in fleet sales, where a company would buy cars for employee use or for renting.2030 ban on the sale of new petrol and diesel carsThe Society of Motor Manufacturers and Traders reported 76,233 new battery electric car sales in the first quarter of this year, up 18.8% on last year's levels.
To increase the interest in and buying of EVs, Auto Trader called on the government to reduce VAT on used EVs and said lenders should offer lower or interest-free rates on EV financing deals.
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