Electric automobiles: Interest in EVs is growing ahead of the ban on gasoline cars, although models are becoming more “expensive.”
According to new study, one out of every 150 car insurance inquiries is now for an electric vehicle.
Electric automobiles are becoming more widespread, especially with the impending prohibition on the sale of new gasoline and diesel vehicles beginning in 2030. According to a MoneySuperMarket report, insurance inquiries for electric cars have surged by 80% since the beginning of 2020.
Only one out of every 270 inquiries (0.37 percent) at the time was for an electric vehicle.
This percentage is much greater in London, where more than one out of every 100 car insurance inquiries is for an electric vehicle.
Since the end of 2020, the proportion of electric vehicle car insurance inquiries in the capital has increased by 25%, from 0.86 percent to 1.07 percent.
The proportion of electric car inquiries in the North West increased the most, from one in every 250 in mid-2020 to one in every 170 in the first few months of 2021, a 40 percent rise.
In general, people in the south of England are the most likely to own an electric vehicle, with proportions just slightly lower in the South East, East, and South West than in London.
MoneySuperMarket’s Auto Insurance Expert, Kate Devine, commented on the rise in car insurance inquiries.
“The proportion of car insurance enquiries for electric vehicles is steadily increasing, and we’re on track to hit one in every 100 across the country in the near future,” she said.
“We can expect this trend to continue as we get closer to the 2030 deadline for a ban on new petrol and diesel car sales.
“While electric vehicle premiums are now higher than those for gasoline vehicles, this difference may only be transitory.
“A reduction in younger drivers during the pandemic influenced premiums for petrol vehicles more than electric vehicles due to age differences between enquirers for each engine type, which affected premiums for petrol vehicles more than electric vehicles due to age differences between enquirers for each engine type.
“Historically, electric car premiums have been cheaper than petrol or diesel rates, and as the number of young drivers grows, premiums for petrol cars will certainly rise faster than premiums for electric cars.
“It doesn’t matter what kind of car you drive; it’s still important.”Brinkwire Summary News”.