In a bid to reduce its reliance on fossil fuels and cut down on carbon emissions from the transportation sector, the United Kingdom will prohibit the sale of new petrol and diesel cars by 2030. The ban had initially been set for 2040, but under Prime Minister Borris Johnson’s new green plan, the ban was moved up to 2030, with car manufacturers being allowed to sell hybrid vehicles until 2035. With the ban on fossil fuel-powered vehicles fast approaching, new research has found out that one in four UK households plan on buying an electric vehicle (“EV”) within the next five years.
According to energy watchdog Ofgem, 6.5 million households (24%) intend to purchase either a battery electric vehicle (“BEV”) or a plug-in hybrid electric vehicle in the next five years. Additionally, the energy watchdog found that 38% (more than one-third) of UK households were unlikely to switch to a zero-emission vehicle within the coming five years for a variety of reasons. An estimated 59% of these households said electric vehicles were just too expensive for them to make the switch, 38% were concerned about short battery life coupled with reduced…
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