Electric Car Finance

Are Electric Cars the Future?

Simply put? Yes, they are!

There is a lot of debate swirling around the internet about how the manufacturing of electric vehicles (EVs) is often more damaging to the environment than the creation of petrol and diesel cars. This may be true, but the process is becoming more sustainable with every passing year.

Once the EVs are built, they can be powered by solar , wind , or even hydroelectric energy that will be the key to saving the planet.

The EU recently came to a decision to ban the production of combustion-engine cars by 2035 so soon we'll all be making the switch to hybrid and electric alternatives. With only tiny manufacturers free from the EV-only laws, soon the air on the roads will be a lot cleaner.

If all of us woke up one morning with a brand new EV on the driveway instead of our normal, fossil-fuelled run-around, it's a fact that our commutes would produce 0% CO₂ emissions. It wouldn't be an overnight fix, but the switch to electric or hybrid engines, for now, is the future.

The Advantages of Electric Cars

As well as helping to save the environment, there are many reasons to invest in an EV:

Much Cheaper to Run

No fuel prices to worry about, and no tax payable on EVs under £40k!

Electric Acceleration

Many EVs can speed off the line faster than supercars 3x the price!

Pure Luxury

The electric cars from Mercedes-Benz, Audi, BMW, Jaguar, Tesla and even Bentley are some of the most luxurious and high-tech cars on the market.

EV Sales Growth

Electric vehicles now represent over 16% of all new car registrations in the UK, with 2023 seeing the highest ever number of EV sales. Despite some market challenges, the overall trend continues upward.

Source: Society of Motor Manufacturers and Traders (SMMT)

ZEV Mandate

The UK government has introduced the Zero Emission Vehicle (ZEV) mandate, requiring car manufacturers to ensure 22% of new car sales are zero-emission in 2024, rising to 80% by 2030 and 100% by 2035.

Source: Department for Transport

Affordable Models Arriving

Several major manufacturers have announced more affordable EV models for the UK market in 2024-2025, including the Volvo EX30 (from £31,995), Renault 5 E-Tech, and Citroen e-C3 (starting below £25,000).

Source: Autocar, What Car?