Electric cars can cost 50 per cent MORE for insurance than petrol equivalents

AN electric car could cost you 50 per cent more to insure than a petrol equivalent.

The most sought-after electric vehicles could cost drivers around £650 a year on insurance costs compared to £435 for a petrol motor.

An electric car could cost motorists 50 per cent more to insure than the petrol equivalent


An electric car could cost motorists 50 per cent more to insure than the petrol equivalentCredit: Getty

This could be seen as a significant blow to the UK’s plans to end the sale of new petrol and diesel cars in the UK by 2030.

According to MailOnline, claims car selling website Cinch noted a reason behind the higher cost was due to the limited number of garages around the UK equipped to repair the electric motors.

This is despite the cost of fixing them being relatively low due to them having lower moving parts than petrol and diesel motors.

Cinch also warned that owners of electric cars could see other cost increases coming in the next couple of years as electric cars become subject to road tax.

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Electric car owners have already expressed their frustration with lengthy queues and the lack of new chargers being installed across the UK.

Higher insurance and road tax costs could be seen as another reason for people to hold back on making the switch.

A recent poll for the Alliance of British Drivers found that a total of 54 per cent of drivers think that the government’s target of 2030 should be moved back or scrapped.

And six in ten in favour of the ban want it pushed back by ten years or more.

Figures released last week from the Society of Motor Manufacturers and Traders (SMMT) showed that while sales of battery electric vehicles reached a record 46,626 in March, they still represented just over 16per cent of the market, the same proportion as a year ago.


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