Home Business NewsBusinessAutomotive News 60% of UK drivers say 2030 too early to stop selling petrol and diesel vehicles

60% of UK drivers say 2030 too early to stop selling petrol and diesel vehicles

by LLB Reporter
11th Jul 22 12:09 pm

Almost half of drivers (47%) are holding onto their cars for longer than usual because they are unsure whether to buy a petrol, electric or diesel car, rising to 58% of under 34s. [Wales (52%), Scotland (48%), England (47%) and Northern Ireland (40%)}, according to a survey of 2,000 drivers carried out by Opinium, on behalf of InsuretheGap, a leading provider of GAP (Guaranteed Asset Protection) insurance.

It also found that half of drivers (49%) are holding onto their current car because of the shortage of new cars as well as the high price of second-hand cars, particularly under 34s (57%), compared to over 55s (44%).  [Wales (56%), N Ireland (54%), Scotland (50%) and England (48%)].

Two fifths of drivers (40%) also say that if they were buying a new (or new second-hand car), they don’t know whether to choose petrol, electric or diesel (men 37% and women 43%), with under 34s  (58%) almost twice as likely to feel this as over 55s (31%). [Wales (47%), Scotland (45%), England (39%) and Northern Ireland (34%)].

Ben Wooltorton, InsuretheGap.com said: “It’s a difficult time for anyone looking to change their car. Many people won’t be comfortable with an electric car until their fears around charging and range anxiety are addressed. The shortage of new cars and high price of second-hand cars also make it a very expensive decision to make at the moment. It comes as no surprise then that people are holding on to their current car for longer than they usually would.”

He continues, “With the high price of cars at the moment, it’s important that drivers should be aware that if the car is written off or stolen the insurance will only pay out what the car is worth at the time, not the amount paid for it. Drivers don’t want to be left with a large gap in their finances when they’re shopping around to replace a car that’s been written off, so should consider a GAP insurance policy from a specialist provider like InsuretheGap.com. which can protect them from this.”

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