GoCompare car insurance data shows Electric Vehicles are now cheaper to insure than petrol or diesel cars. The average cost of insuring an electric car in July 2021 was £484, compared with £489 for a petrol vehicle and £534 for a diesel car. The average cost of insuring electric vehicles has also seen a steady decrease since 2019 – with a £65 drop in … [Read more...]
Finance News
UK drivers shunning electric cars over costs
Over half of UK drivers say electric cars cost too much and charging points are too scarce. The Opinium survey of 2,000 UK drivers, commissioned by InsuretheGap, a supplier of Guaranteed Asset Protection, asked drivers what they thought of electric cars. Cost is the biggest concern for most drivers, with 56% saying electric cars cost too much (58% men … [Read more...]
Newslines 24 September
Welsh road casualties fell by a third last year as the Covid-19 epidemic forced people to stay at home and make only essential journeys., according to Welsh government figures. There were 819 people killed or seriously injured in Wales in 2020 - a fall of 31% compared with 2019. BP is reducing fuel deliveries to its filling stations to conserve … [Read more...]
Newslines 13 September
Car rental experts at StressFreeCarRental.com have launched a campaign for the Government to ensure all motorists have a dash cam in place in their vehicles to record incidents while they are driving. It comes as Department for Transport figures showed there were 24,470 people killed or seriously injured in road traffic accidents reported to the police … [Read more...]
End of the road for some familiar cars, say Vehicle Contracts
Motor leasing company Vehicle Contracts has conducted in-depth research to find out which car models are expected to disappear completely from UK roads in the next decade and there are a few surprises. The Rover 25, the update of the Rover 200 Series, could be gone from the UK by mid-2023. This iconic car which was created by Rover was a staple in … [Read more...]
£1.8M Ford legacy fund sparks new Welsh investment
A new £1.8m fund to encourage businesses to move beyond manufacturing internal combustion engines to producing low carbon vehicle technologies, helping to stimulate innovative economic growth in Wales, is being established by Ford and the Welsh Government. The Ford Low Carbon Vehicle Transition Fund, administered by the Welsh Government as part of … [Read more...]
Government urged to boost business with short hires
Affordable leasing and short-term hire options are essential for logistics businesses to acquire the vital plant and machinery they need for their operations, according to Logistics UK, one of the UK’s biggest business groups. Logistics UK joined six other groups in writing to the Chancellor of the Exchequer, Rishi Sunak MP, to urge him to extend the … [Read more...]
Bamford pushes on with £1 Billion hydrogen project
Green entrepreneur Jo Bamford has joined forces with multi-family office Vedra Partners to launch HYCAP, a hydrogen investment fund which has set its sights on raising £1bn. The capital, which already stands at more than £200m after the first round of investment, will be injected largely into UK businesses, with the focus on speeding-up green … [Read more...]
Car production & sales stagnate on shortages
Car sales in Wales crashed over 26% last month, the worst of any part in the UK. Just 2,363 new models were registered and that's even below the 3,230 recorded in the pandemic hit showrooms of last year and the total for the country was a little over 68,000. It was a very dismal August for the motor trade across the country, the lowest figures … [Read more...]
Crooks set eyes on new car buyers this month, says Metro Bank
Criminals want to make their mark with the release of the latest number plate, warn Metro Bank. The UK’s community bank is offering guidance about the rise in purchase scams around car sales, finance and leasing as the new number plates launch this month. Criminals will entice drivers with best deal offers often advertised on auction sites, such as … [Read more...]
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