By 2040, the UK government wants all new cars to be either electric or hybrid, and the switchover could have major implications for the UK housing industry.
The government’s “Road to Zero” strategy, set to be phased in over the next 20 years which will lead to a complete ban on non-electric cars being sold in the UK, is a huge step forwards in reducing emissions and promoting a cleaner, greener way of life for the country.
While there is still debate over exactly which vehicles will be affected, with recent news that petrol and diesel hybrid cars could be exempt from the new rules, as well as a target for 50% of all new cars to be ultra-low emission by 2030, it will undoubtedly have a huge effect on the country’s housing market, which will need to be ready to cater to the changes.
Best and worst places for electric cars
One study conducted recently by Motorway.co.uk has revealed that much of the country is largely unprepared for such an overhaul in terms of its property stock, with many areas having very low levels of off-street parking available – which will be a necessity after the switchover so that people are able to charge their electric cars near their homes.
Read more: Buy Association