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Around one in five car buyers would be better off buying a pure electric car than a petrol or diesel vehicle, a new study by What Car? has concluded.
The magazine’s motoring experts analysed data from more than 8,400 users of the What Fuel? Calculator. They looked at users’ daily mileage, driving habits and vehicle requirements, and found that 19% could use a fully electric vehicle as their daily mode of transport without compromising their routine.
It emerged that an electric car would meet the needs of even some drivers covering more than 15,000 miles a year or who live in rural areas better than any other vehicle type, not least because some EVs can now cover more than 200 miles on a single charge.
The study indicated that a petrol model would be the optimum choice for just 5% of new car buyers, while 12% would be best off with a diesel. However, the best choice for the vast majority – 64% – would be a hybrid vehicle or plug-in hybrid.
“There are more than 20 different fully electric vehicles available, with many giving their petrol and diesel counterparts a serious run for their money,” What Car? Editor Steve Huntingford said. “Yet electric ownership is lagging behind its potential.”
Sales of fully electric vehicles currently account for just 2.2% of the new car market, according to the Society of Motor Manufacturers & Traders. What Car?’s experts believe this is due mainly to a ‘knowledge gap’, which is causing motorists to overlook the latest generation of EVs. For example, some potential owners remain concerned about range, while others fail to take into account the savings to be had from running an electric vehicle.
Steve Huntingford added: “Our previous research highlighted a ‘knowledge gap’ among new car buyers, with car manufacturers not providing enough information on the benefits of owning an EV. Since then, many manufacturers have updated the information on their websites, but more could still be done. The more people learn about the benefits of running and owning an electric car, the faster the technology can reach its full potential.”
Marshall Motor Group Limited is authorised and regulated by the Financial Conduct Authority. Our Firm Reference Number is 310503. Details of our permissions and trading names can be checked via the FCA register https://www.fca.org.uk/
All of the following companies are individually authorised and regulated by the Financial Conduct Authority with a Limited Permission for credit broking. Each company is a credit broker not a lender: Astle Limited; Crystal Motor Group Limited; Marshall North West Limited; Marshall of Ipswich Limited; Marshall of Peterborough Limited; Marshall of Scunthorpe Limited; Marshall of Stevenage Limited; and Silver Street Automotive Limited. All of the following companies are Appointed Representatives of Marshall Motor Group Limited for credit broking: Pentagon Limited; Ridgeway Bavarian Limited; Ridgeway Garages (Newbury) Limited; S G Smith (Motors) Crown Point Limited; S G Smith (Motors) Sydenham Limited; and S G Smith (Motors) Beckenham Limited.
We may receive a commission or other financial benefit from our lenders for arranging finance for you. For further information on our commission arrangements please see our Finance Commission Disclosure Statement
Marshall Motor Group Limited is authorised and regulated by the Financial Conduct Authority to conduct insurance distribution as an ancillary insurance intermediary. All of the following companies are Appointed Representatives of Marshall Motor Group Limited for the purposes of insurance distribution: Astle Limited; Crystal Motor Group Limited; Marshall North West Limited; Marshall of Ipswich Limited; Marshall of Peterborough Limited; Marshall of Scunthorpe Limited; Marshall of Stevenage Limited; Pentagon Limited; Ridgeway Bavarian Limited; Ridgeway Garages (Newbury) Limited; S G Smith (Motors) Crown Point Limited; S G Smith (Motors) Sydenham Limited; S G Smith (Motors) Beckenham Limited; and Silver Street Automotive Limited.
We have a number of limited companies within the group who are Appointed Representatives of ITC Compliance Limited. They are: Motorline Limited (01848722); Motorline (Kent) Limited (04899072); Motorline (Broad Oak) Limited (10270930); Motorline (Canterbury) Limited (08237424); and Driveline Limited (04626624). ITC Compliance is authorised and regulated by the Financial Conduct Authority (Firm Registration Number 313486). Their permitted activities include advising on general insurance contracts and acting as a credit broker not a lender.
ITC Compliance and/or the above Appointed Representatives do not charge fees for their consumer credit services. A payment or other financial benefit (the “payment”) may be made by the lender to us should you decide to enter into an agreement with them. The payment made by the lender to us does not impact the finance rate offered to you. All finance applications are subject to status, terms and conditions apply. You must be a UK resident and over 18.
List of Companies for credit-broking and insurance distribution
More about our credit-broking services & our insurance distribution activities