Norton Insurance Brokers has noticed a 345% increase in a day of people searching for ‘car insurance rising’ online. Martin Lewis highlighted a staggering 61% surge in car insurance quotes over the past year, with renewal costs going up by approximately 30%. He also reported that premiums will likely continue to rise even further. In light of this trending issue, Mark Wilkinson, … [Read more...]
Finance News
Spare tyre gets the boot for nearly all cars
Only 3% of new cars on sale in the UK today come with any form of spare wheel as standard, increasing the number of breakdowns where drivers need help in the event of a unrepairable flat tyre, says the RAC. After reviewing equipment lists of more than 300 car models across 28 brands – everything from the smallest superminis to the largest 4x4s – the RAC found just eight (2.6%) come with a spare, … [Read more...]
Upgraded VW electric SUVs now on sale
Volkswagen has upgraded its ID.4 and ID.5 electric models, with both available to order now from £46,035. The two electric SUVs now feature a new-generation infotainment system, complete with a larger 12.9-inch screen and intuitive menu structure and controls – including illuminated sliders for cabin temperature. The optional augmented-reality head-up display has been enhanced, and Volkswagen … [Read more...]
Ford Turkey battery plant is a non-starter
Ford and South Korea’s LG Energy Solution have scrapped plans to build an electric vehicle battery plant in Turkey after their local partner Koc Holding withdrew from the project. Koc Holdings said it was pulling out of the deal due to concerns over the rate of EV adoption in Europe and timing of the project in view of the current economic slowdown in the region. The three companies … [Read more...]
Tradelines 15 November
A new fully electric premium MPV, the Volvo EM90 with a range of about 450 miles, will broaden the appeal of the brand and meets even more customer needs. Following the reveal of the already award-winning and fully electric EX30 small SUV earlier this year, the EM90 represents the second expansion with more space and features and will initially be launched in China. Plates4Less, a Swansea … [Read more...]
Used EV prices expected to fall in short term
Nearly half of dealers (46%) think the values and prices of electric vehicles (EVs) will fall following the government’s move to push-back the electrification deadline to 2035, as consumers take more time to make the switch. November’s new Startline Used Car Tracker also shows that 44% believe a corresponding rise in petrol and diesel prices and values will occur as customers stick with petrol … [Read more...]
Cost of getting on the road has fallen
A new report from Go.Compare Car Insurance has revealed that the cost of getting on the road in 2023, including the cost of a first car, has fallen to £5,947.40 from £6,574 in 2022. The comparison site has researched these costs as it celebrates its own 17th birthday – an age where many of us would be looking at taking to the roads. This is the first time in four years that the report has … [Read more...]
Thieves target old Defenders for parts
The Land Rover Defender is a major target for thieves who can break them up within hours of getting their hands on them, say insurers. The UK’s leading rural insurer is urging farmers and other Land Rover Defender owners to take action to safeguard their iconic vehicles against clued-up thieves. NFU Mutual is urging Defender owners to adopt a combination of traditional and technological security … [Read more...]
Gamechanger in ev charging coming down the line
The owners of Asda have bought the Tesla charger network and are preparing for a rapid extension for all plug-in hybrid and battery cars. As the UK is likely to reach a million BEVs next February according to Cap HPI, the Asda move is very significant. Asda owner, the EG Group run by brothers Mohsin and Zuber Issa, said in a statement that the Tesla Superchargers will be branded evpoint and … [Read more...]
ECA criticises Government over mixed messages in King’s Speech
Leading electrotechnical and engineering services body ECA said the King’s speech had little to offer the sector, despite it being a driving force in the transition to Net Zero carbon. The association, which represents over 60,000 professionals, welcomed the prospect of accelerated investment in renewables and grid connections. However, it sees additional oil and gas licensing as an unnecessary … [Read more...]