In a significant development for the automotive industry, the ban on the sale of new petrol and diesel cars has been postponed from 2030 to 2035, bringing the UK in line with the rest of Europe. In this blog post, we’ll explore the implications of this delay and what it means for car buyers.
The Original Plan
In 2020, the UK government made headlines by announcing an ambitious plan to ban the sale of new petrol and diesel cars by 2030. This decision was part of a broader initiative to combat climate change and reduce carbon emissions. The plan aimed to accelerate the transition to electric vehicles (EVs) and promote the adoption of cleaner, more sustainable transportation options.
The Delayed Timeline
However, in the face of various challenges, including concerns about the readiness of charging infrastructure and the potential economic impact on the automotive industry, the UK government decided to push back the ban to 2035.
The delay in the ban on the sale of new petrol and diesel cars to 2035 has several implications for customers, which can both positively and negatively affect their car-buying decisions and overall experiences. Here are some key implications for customers:
- More Time to Transition: Customers who were hesitant about making the switch to electric vehicles (EVs) now have more time to consider their options. They can continue to drive internal combustion engine (ICE) vehicles if they prefer while monitoring the EV market for improvements in technology and infrastructure.
- Increased Choice: With the delay, car manufacturers will have more time to develop a wider range of EV models, including various styles, sizes, and price points. Customers will therefore have more choices when it comes to selecting an EV that suits their needs and budget.
- Potential Cost Savings: While EVs typically have a higher upfront cost than ICE vehicles, they often result in lower operating costs. Customers can benefit from reduced fuel and maintenance expenses over the long term, which can offset the higher purchase price. And don’t forget that businesses can offer EVs to employees at a lower cost than petrol or diesel equivalents due to the generous tax benefits, resulting in significant financial benefits to the employee and the company whilst also helping businesses to reduce their impact on the environment.
- Improved Charging Infrastructure: The delay allows for further development of charging infrastructure, potentially reducing the commonly known ‘range anxiety’ for customers. More charging stations and faster-charging technology will make EV ownership more convenient and practical.
- Technological Advancements: Customers can expect to see continued advancements in EV technology during the delay period. This could include improvements in battery range, charging speed, and overall vehicle performance, making EVs even more appealing as we get closer to the new deadline.
- Potential Incentives: The Government may continue to offer incentives and subsidies for EV buyers, encouraging more customers to make the switch earlier. These incentives can include tax credits, rebates, and reduced registration fees.
- Resale Value Considerations: Customers should be aware that as the transition to EVs accelerates, the resale value of traditional petrol and diesel vehicles may decrease, which can impact their decision on when to sell or trade in their existing vehicles.
- Sustainability and Environmental Impact: Customers who prioritise environmental concerns will have more time to transition to even cleaner transportation options. EVs produce zero tailpipe emissions, reducing air pollution and greenhouse gas emissions.
- Potential Grid Upgrades: As EV adoption increases, there may be a need for upgrades to the electrical grid. Therefore, customers should be prepared for potential changes in home charging requirements and costs.
In summary, the delay in the ban on petrol and diesel car sales to 2035 gives customers more time to evaluate their options and transition to electric vehicles. It also provides them with a broader range of choices, potential cost savings, and improved infrastructure. However, customers should stay informed about technological advancements, incentives, and changes in the automotive landscape to make informed decisions that align with their preferences and priorities. Here at AMT our dedicated team can help keep you informed of these changes and plans and be there with you to plan your next car purchase.