Car insurance prices deter young drivers from driving electric vehicles – “Young drivers are not a risk”
If buying an electric vehicle wasn’t expensive enough, young drivers also have to struggle with high insurance premiums. Confused.com experts have previously revealed electric vehicles with the cheapest insurance premiums for young drivers, and the cheapest price was £1,802 a year.
Quentin Willson, former Top Gear presenter and ambassador of Fair Chargecampaigns for the reduction of insurance premiums for young motorists.
Mr Willson told Express.co.uk: “It’s one of the things we stand for at FairCharge.
“The exact people for whom these cars are the most exciting and interesting are the younger generation.
“They are tech-savvy whereas older people don’t find them fun to be around.
“It would allow them to drive an electric car for £70 a month or something.”
He continued: “We really have to think smart about how we will enable everyone to have a zero-emission car.”
The former Top Gear presenter pointed out that it might not be possible to build a £10,000 electric car due to the costs needed to produce a battery.
Mr Willson said: “Battery prices are rising due to raw material shortages.
“They will come in time, but in the meantime what can we do?
“Maybe something similar to what Scotland has done with offering interest-free loan schemes for electric cars.”
Although there are still many things that could be improved in the world of electric vehicles, sales of electric vehicles have reached an all-time high.
The number of electric vehicles purchased in the UK in March alone was higher than in the whole of 2019.
UK drivers registered almost 40,000 new electric vehicles last month.
That in turn made March numbers the highest on record for a single month.
Evidence of the growing demand for battery electric cars has been provided by the Society of Motor Manufacturers and Traders (SMMT), a lobby group.
In 2019 as a whole, Britons bought 37,850 electric vehicles.
In March 2022 alone, there were 39,315 sales.
Some analysts now believe that battery electric vehicles will become the most popular type of fuel as early as 2025.