Friday, October 7, 2022
HomeLifestylePetrol now costs the average driver more than £1,400 per year

Petrol now costs the average driver more than £1,400 per year

Driving has never been so expensive as fuelling up a car now costs a whopping £1,435 per year, a £960 rise, according to End Fuel Poverty. Millions in the UK have now been plunged into working poverty due to the cost of living crisis.

Two in five households with children in Britain (15 million) now have to regularly choose between heating their homes and eating, data from End Fuel Poverty Coalition suggests.

On top of that, daily expenses like fuelling cars and buying food have also risen exponentially.

In a move to lessen the crisis, Chancellor Rishi Sunak slashed fuel duty in his spring statement by 5p.

However, this has done little to reduce bills.

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New conventional petrol and diesel cars and vans are set to be banned from sale in 2030, but many believe this is too late.

Despite the significant yearly savings motorists have the potential to make, registrations of electric cars are slower than they should be, as the upfront costs of buying such vehicles are often greater than their petrol counterparts.

This is combined with the need for a home electric charging port or relying on the existing green-charging infrastructure.

However, the number of electric vehicles bought in the UK in March alone was higher than during the entirety of 2019.

British drivers registered nearly 40,000 new electric vehicles last month.

This in turn made March’s figures the highest on record for a single month.

The data also marked a 79 percent increase from March 2021 and found that battery-powered cars now account for one in six registrations.

The evidence of the soaring demand for battery-electric cars was provided by the Society of Motor Manufacturers and Traders (SMMT), a lobby group.

Across all of 2019, Britons bought 37,850 electric vehicles.

In March 2022 alone there were 39,315 sales.

It is now estimated by some analysts that battery EVs will become the most popular fuel type as soon as 2025.

Hybrid electric vehicles also grew by nearly 30 percent to some 28,000 cars, although plug-in hybrid registrations declined by around eight percent.



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