The scheme has been announced as part of ten measures to power a “green industrial revolution” across the UK. However, how will the ban affect the vehicle on your driveway, a car you have just purchased or any future models you have your eye on?
New car owners
The ban will only affect sales of brand new petrol and diesel cars after 2030 so those who have just bought a car will not be affected.
Owners will still be able to sell their used combustion models after 2030 so any recent purchase is not a complete waste.
Some experts have already predicted that sales of used cars could soar in the run-up to the ban as motorists desperately stick to models they know and trust.
Confused.com spokesperson Alex Kindred said: “Drivers may also be asking themselves whether their car is now worthless with just nine years to go?
London will extend its Ultra Low Emission Zone (ULEZ) scheme next year to cover all roads between the North and South Circular.
Meanwhile, Birmingham will launch its Clean Air Zone next year with polluting owners forced to pay up to £8 a day to use the roads.
However, many second-hand car owners may not own their current model by 2030 anyway unless it is a classic car or a collector’s piece.
Should I buy an electric car now?
Switching to an electric vehicle can come with many benefits such as discounts on car tax, cheap charging and no congestion costs.
However, upfront costs can be expensive with many new models starting from just over £20,000 with limited used stock available.
Drivers who purchased a model right now are still eligible to receive the government’s plug-in grant.
This has been reduced to just £3,000 but is taken off the initial fee immediately providing some handy savings.
The government has hinted that the grant will not last forever and it is likely this will be phased out as demand slowly increases.
A no-deal Brexit could also see new car prices rise by up to ten percent as a result of trading under World Trade Organisation (WTO) tariffs.
But with many rural areas still underprepared for the switchover and a ban on models still ten years away, drivers are in no desperate rush to make the jump.
Sean Kemple, Managing Director at Close Brothers Motor Finance said: “While the ambition is admirable, the challenge is in the execution.
“We have around 18,000 public charging stations and 32,000 connectors in the UK – we are likely to need 25 million.
“Electric cars now hold over 35 percent of total new car registrations, and we could hit 400,000 total electric and hybrid new cars sold by the end of the year.”
Published at Wed, 18 Nov 2020 13:53:00 +0000