Drivers of electric cars should be braced for higher ownership costs as several key incentives that have fuelled the rise in EV ownership are slated to expire next year.

According to new research by Close Brothers Motor Finance, the impending changes could dampen enthusiasm for EVs, particularly among those who purchased their vehicles to save on costs.

The research, which surveyed 500 EV drivers, revealed that 54% of respondents had chosen an EV primarily to reduce running costs.

Login to continue reading

Or register with AM-online to keep up to date with the latest UK automotive retail industry news and insight.

Please enter your email
Looks good!
Please enter your Password
Looks good!