The sale of new petrol and diesel cars in the UK will end by 2030. A lot has happened in the last 12 months, so this might have escaped you when it was first released. However, it’s essential for motorists to understand what they can and can’t purchase before they enter negotiations.
The last thing you want is to waste money on a vehicle that is basically prohibited. Therefore, it’s imperative to look into what the petrol and diesel ban means and how it might affect you in the future.
The petrol and diesel ban – what is it?
The petrol and diesel ban is pretty much what it says on the tin. The government is attempting to lower carbon emissions and cut the UK’s CO2 footprint by acting against non-electric vehicles. EVs are notoriously eco-friendly since they don’t use fossil fuels to create energy. Instead, they run off a battery that’s powered by electricity.
Originally, the ban was scheduled for 2035. However, the government has seen fit to bring it forward five years. That means you won’t be able to buy a new car that runs off diesel or petrol in the UK from 2030.
What about old cars?
You can still drive petrol and diesel vehicles after this date. The ban only applies to cars that are being manufactured. This means that the latest makes and models won’t be available in these traditional specs. Of course, if the smell of petrol wakes you up in the morning, you can always opt for a second-hand or used motor.
Additionally, hybrid vehicles aren’t currently included in the ban. As a result, you will be able to purchase a hybrid car with a diesel or petrol engine and switch between modes.
What impact will the ban have on UK motorists?
There are a number of expected knock-on effects of the petrol and diesel ban. The first is an increase in the purchase of EVs. With new petrol and diesel cars out of bounds, the only way to get your hands on a brand spanking new vehicle is to go electric.
Secondly, this should mean the production of EVs ramps up a notch. That should also see the costs involved in buying and leasing electric cars plummet dramatically. This is because the technology will be more accessible, making EVs cheaper to manufacture. From a buying perspective, you should notice a significant drop in the fees associated with owning or renting an EV.
Let My Car Credit help you
When it comes to spreading the cost of a new car, customers always have one question at the back of their minds – how much does car finance cost? While there isn’t a one-size-fits-all rate, if EVs are less expensive to run and operate, they’ll be cheaper to buy too.
At My Car Credit, we’re committed to finding a great deal for customers based on their specific circumstances. Maybe you’ve got a great credit history and want to stick with petrol or you’re ready to make the switch but worried about your credit score. Whichever, simply get in touch with our team and we’ll guide you through the car finance process.
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