EV motorists will have an advantage over drivers with petrol or diesel cars following the energy price hike, say experts at Select Car Leasing. With the energy price cap rising, Brits are expected to see their energy bills skyrocket by 54%. This, combined with rising fuel costs which have hit all-time records for petrol and diesel, means many motorists … [Read more...]
Massive boost needed for ev points, says report
There will be 130 million electric vehicles on Europe's roads by 2035, said Ernst & Young and the electricity industry trade association Eurelectric. The current total of 5 million will accelerate to 65 million over the next eight years but then double in the following five years. “It took us 10 years to install 400,000 chargers,” says … [Read more...]
No justification for fuel pump rises, says RAC
The RAC is urging retailers to hold firm and not hike pump prices, despite a barrel of oil nearing $100 – a price last seen in September 2014, nearly seven and a half years ago. The cost of oil has increased by more than 60% in the last 12 months, from around $60 last February, due to global oil production continuing to be out of kilter with demand which is … [Read more...]
EVs depreciate less than petrol or diesel cars
A leasing company has analysed a popular online car marketplace and compared the prices of the UK’s most popular used cars against the number of miles the car had done to uncover the average depreciation cost per mile our cars drive. The average price an petrol or diesel car depreciates is 67ppm or by £4,669.90 a year compared with an evs cost of 55ppm and … [Read more...]
EV charging costs are postcode lottery
Figures from British Gas show there are currently 21 local authorities in England and Wales that allow drivers to charge their batteries free of charge but in some areas motorists are forced to pay as much as £4 per kilowatt hour. Analysis found that at that price it would cost around £240 to charge a typical EV from full to flat while it would cost around … [Read more...]
Car sales shifting towards cross-overs
Despite ongoing availability issues at dealerships, European consumers last year continued to shift from traditional vehicles such as hatchbacks, sedans and MPVs, to SUVs. These vehicles have continued to perform well thanks to the arrival of new electrified models. Last year, registrations of SUVs totaled 5.34 million units, up by 11% when compared to … [Read more...]
Bentley will go all electric beginning in three years time
Bentley is going electric. A new family of luxury bespoke cars will be assembled in its Crewe factory from 2025 as part of a £2.5 Billion investment in sustainability over the next decade. The first BEV is scheduled to roll off the production line in 2025 and will mark a significant moment in Bentley’s long and illustrious history. It is also a critical … [Read more...]
Slashing costs of electric vehicles
A new employee benefit initiative, The Electric Car Scheme, has launched. Staff across the UK are now able to submit a request for a heavily discounted electric car through their employers, in a similar vein to the popular Cycle to Work scheme. This high-demand new staff benefit is a UK Government tax incentive and works via a salary sacrifice scheme. … [Read more...]
From farmyard to fame, the future fuel?
Rally cars powered by agricultural waste have claimed second and fourth place in Dakar 2022 and saved 28 tonnes of CO2 emissions in the process. Bahrain Raid Xtreme (BRX) was the first major motorsport team to compete with a new generation of advanced sustainable fuels. Claiming second place was the Prodrive Hunter driven by nine-time World Rally Champion … [Read more...]
Sustainable fuels offer a breathing space
Sustainable fuels would provide a breathing space until full electrification and a charging network throughout the UK is working. That's the view of Coryton blended hydrocarbon fuels. Few deny that electric vehicles run on renewable energy and produced in an environmentally and socially conscious way is the ultimate goal that road transportation needs to … [Read more...]
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