The RightSure Blog - The rise of Electric Vehicles

With the increased use of electric vehicles (EVs), charging stations are springing up all over the UK. The Society of Motor Manufacturers and Traders (SMMT) reported in August of 2018 that the number of hybrid, plug-in hybrid and pure electric cars made up 8% of the overall market. An increase in the total number of vehicles registered, up by 23% during the same period in 2017.

While the number is rising, the UK needs a sixfold increase in the number of EV charging points by 2020 to provide adequate infrastructure for green motorists. According to data company Emu Analytics, there are just 16,500 points with the need for an extra 100,000 more.

Supermarket giants Tesco and car manufacturer Volkswagen are planning on introducing more than 2,400 charging units across 600 branches by 2020. This is all part of Tesco’s company-wide sustainability initiatives. However, they aren’t the only ones to increase the number of units in the UK. In 2018, oil giant BP bought the UK’s largest electric charging network, Chargemaster, for £130m. Rebranded as BP Chargemaster it is expected to rollout ‘Ultra-rapid’ charging points across the UK in 2019.

But a recent study by Volkswagen found that there are still a number of misconceptions about electric vehicles. In a poll of 2,000 drivers, 'How quickly do they charge up?' was ranked first, followed by 'How quickly do they run out of charge?'Sensible questions! However, some less obvious questions made it on to the poll, including:

Nearly six in 10 Britons said they would like to own an electric car someday, and would even consider one as their next vehicle. Which is good news, as the UK is aiming for an entirely zero-emission road network by 2040.

Now could be a great time to make the switch from conventional combustion engines to greener electric-powered vehicles. With EV’s, not only can you look forward to helping the environment, but you can expect to see a reduction in fuel costs, little or no road tax and, if you drive in London, no congestion charge. At the moment, electric car insurance is still at a premium, but we can expect that to decrease in the future as more data becomes available with regards to the risks and the cost of repairs.

As with any insurance policy, it is best to shop around each year. Some insurers offer discounts to owners of EV’s as a reward for being mindful of the environment. It’s also worth checking that you are covered by the leased batteries and the power cables.

Whether you’re thinking of purchasing or have already purchased an electric vehicle, a number of insurers offer cover for EV's. So why not see how much you could save with Motor Quote Direct?

How can we help?

Whether you are looking for van insurance, car insurance or home insurance, RightSure is here to help! We can help you find flexible, low-cost insurance policies that are designed to suit your needs.
© 2021 RightSure. All rights reserved.
W E Bedford Insurance Services (Wimbledon) Ltd, Trident Court, Oakcroft Road, Chessington, KT9 1BD.
We are authorised and regulated by the Financial Conduct Authority. Our FCA Register number is 305737.

We use Cookies to deliver the best online experience and to improve the site.

Manage Cookie settings Allow Cookies