Electric cars priced out of the market: This equates to two in every five drivers across the country

New research from car finance brokers CarFinance 247 has found that 37% of drivers in the UK do not think they could ever afford to purchase an electric car.

Electric cars priced out of the market: This equates to two in every five drivers across the country. Some 43% of drivers who own a second hand petrol or diesel vehicle said they will never afford an electric car. With only 28% of people who bought new cars also saying the same. The study was aimed at over 2,000 drivers. Nearly two in five said they could currently afford a small electric vehicle (EV) such as a Nissan Leaf. Priced at around £5,000 with only one in five being able to afford a mid-range such as a Volkswagen Golf, priced at £18,000.

Top end EV’s such as Tesla’s are totally out of peoples price range it appears. With people who were surveyed saying they would need to win the lottery to afford the £42,000 Tesla. Co-CEO of CatFinance 247, Louis Rix, said. “We were astonished that with all the noise in the media about diesel cars. Some people are still unaware of the harm they are doing to our planet.

If an electric car isn’t something you can afford in the near future, I would encourage everyone to do what they can to drive more sustainably in their current car. Such as checking your tyre pressure, maintaining a steady speed. And exploring flexible working options to reduce your commute.”


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