Question to the Department for Transport:
To ask the Secretary of State for Transport, what steps he is taking to promote the use of electric vehicles to help reduce running costs for (a) high mileage and (b) lower earning motorists.
EVs are already cheaper to run for the vast majority of drivers. Recently published independent research suggests an average saving of around £700 per year, with high mileage motorists benefitting the most.
Alongside reductions in battery costs, the Government’s Zero Emission Vehicle mandate, by giving car manufacturers the confidence to invest, will help drive down the purchase cost of electric vehicles. Although estimates vary, some external commentators predict price parity between EVs and ICE cars will be reached in the late 2020s.