- About £650 a year is the cost of insurance for the most sought-after EV models.
- That compares to around £435 for a petrol car, Sinch said.
Electric car insurance could cost up to 50% more than its petrol equivalent, another blow to the UK’s climate ambitions.
Drivers can expect to spend around £650 a year in insurance costs for the most sought-after models, compared to around £435 for a petrol car, according to Cinch car sales website.
Expensive: Drivers can expect to spend around £650 a year in insurance costs for the most sought-after models, compared to around £435 for a petrol car.
He noted that a key reason for the higher cost was that fewer garages across the UK were equipped to repair electric vehicles, although the cost of repairing them was usually lower due to fewer moving parts.
Sinc also warned that electric vehicles would have to be subject to road tax in two years, which could drive up costs even more.
Road tax and the threat of higher insurance costs are likely to be a drag on the UK’s climate plans as the government tries to get more people to switch to electric cars.
Figures last week from the Society of Motor Vehicle Manufacturers and Traders (SMMT) showed that while battery electric vehicle sales hit a record 46,626 in March, they still account for just over 16% of the market, the same proportion as a year ago.
Credit: www.thisismoney.co.uk /