RAC reaction to Ofgem study on electric car affordability

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Reacting to a report by Ofgem on the affordability of electric cars, RAC data insight spokesman Rod Dennis said:

“Ofgem’s research chimes with our own which shows that a steadily increasing proportion of drivers plan to get a pure electric car next – 9% of all drivers, up from 6% in 2019 and just 3% a year earlier. But we do know that up-front cost remains a barrier, which is why more than half of drivers (53%) would like to see VAT on zero-emissions cars either cut of abolished entirely, while 48% favour a scrappage scheme to make switching out of a conventionally powered vehicle more affordable.

“While concerns remain over the cost of EVs, prices are coming down and in fact several manufacturers reduced the list price of some of their electric models immediately after the Government announced that the Plug-in Car Grant was being cut. There are also different ways for drivers to make the switch affordably, such as leasing which can be a cost-effective way of getting into an electric car without the worries associated with ownership.

“Aside from helping reduce the impact conventional cars have on air pollution and the environment, a healthy market for new electric cars will also have another major benefit – it will mean more EVs make their way onto the second-hand market, improving affordability of zero-emission models for everyone.”

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About RAC Media Centre

The RAC Media Centre provides journalists and news outlets with the latest motoring-related news, comment, data and research.

The RAC is an iconic UK brand, and provides complete peace of mind to 15 million UK private and business drivers - whatever their motoring needs. As well as its premium nationwide breakdown assistance service – with an expert branded patrol workforce attending more than two million breakdowns every year – and European breakdown assistance products, it offers a wide range of market-leading products across insurance, legal services, vehicle inspections and service, maintenance and repair. Included in this is the first-of-its-kind nationwide Mobile Mechanics service which brings the garage to homes and workplaces. 

At the forefront of new solutions for business fleets and consumers, the RAC’s breakdown service is electric-ready with mobile EV charging technology and be called on using myRAC – its all-in-one route planner, fuel finder and breakdown reporting app

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