EVs Soar In Popularity As Lower Running Costs Trump Green Concerns

The proportion of motorists who would consider an electric vehicle (EV) as their next car has risen by 22% since 2019, according to research from online car sales site carwow.

Its survey of 1,735 visitors to its website in 2019 and early this year revealed that the lower running costs of EVs, compared to petrol and diesel cars, is the main attraction.

Almost half (45%) of the drivers surveyed by carwow this year said they would contemplate purchasing an EV compared to 37% in 2019.

 

Three years ago, the main motivating factor for 68% of drivers surveyed were the environmental benefits. Lower running costs was the second most important factor (62%).

This year has seen a switch in priorities as two thirds (66%) of motorists view lower running costs as most important. Environmental benefits are a close second at 61%.

This comes as the price of petrol and diesel hit record highs, and despite a 5p-per-litre reduction in fuel duty which came into effect in March.

The price hikes are largely due to Russia’s invasion of Ukraine, and resulting sanctions on Russia’s crude oil exports, which have caused wholesale prices to soar.

Read more: Forbes

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