Priced off the road? Drivers wary about cost of EVs

Published:  04 May, 2022

47% of drivers that took part in a recent survey said they did not think an electric car was affordable for them, rising to 50% of over 55s, compared to 37% of under 34s.

The survey, commissioned by GAP insurance provider InsuretheGap and carried out by Opinium, found that 35% were concerned that the shift to EVs would price them off the road entirely, rising to 37% of over 55s, compared to 34% of under 34s.

79% also said the government grant, currently worth up to £1,500 is not enough to help them make the switch. This rose to 85% of over 55s agree, compared to 69% of under 34s.

75% said they don’t trust the government to not make electric motoring more expensive in the future, rising to 85% of overs 55s, compared to 69% of under 34s.

40% believed the UK is a postcode lottery when it comes to charging points, rising to 48% of over 55s, compared to 29% of under 34s. 75%) also said it is unfair that people without a home electric charger could end up paying more at public charging points.

36% believe there should be electric charging points at workplaces, while 41% do not want to wait around in public places, like motorway service stations, whilst charging an electric car

Commenting on the survey, Halo Insurance Services and InsuretheGap Chief Operating Officer Ben Wooltorton said: “We still have a mountain to climb in the UK to encourage large-scale adoption of electric vehicles. People seem put off by the cost, and sceptical about their financial advantage in the long term. We also know that the government will need to recoup the loss of income when the current system of charging heavily polluting vehicles declines, but we don’t know yet how they plan to do this.”

He added: It’s no surprise to hear, therefore, that electric car owners might fear that their card’s marked for additional expense in the future.”

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