Although electrified vehicles accounted for more than a third of all new cars leaving dealerships in February, Venson’s survey showed that a third of motorists currently exploring an EV for their next car, will now research more thoroughly the costs associated with charging it before committing.
The average price of petrol has jumped to £1.55 a litre, whilst diesel has increased to £1.61. When these prices are compared to just two months ago, this is an increase of 10p per litre for petrol and 13p per litre for diesel. Whilst this may not seem like a significant increase, it will now cost an additional £5.50 to fill up a standard 55-litre family car with petrol, and £7.15 for diesel.
The average price of petrol has jumped to £1.55 a litre, whilst diesel has increased to £1.61. When these prices are compared to just two months ago, this is an increase of 10p per litre for petrol and 13p per litre for diesel. Whilst this may not seem like a significant increase, it will now cost an additional £5.50 to fill up a standard 55-litre family car with petrol, and £7.15 for diesel.
There are a number of reasons for this. Probably the most significant are weight and torque. EVs are much heavier than ICE vehicles and this causes increased wear, especially when it comes to models with two wheel drive rather than four, and the high level of torque that some offer electric cars is also having a definite effect.
It is also essential to ensure that infrastructure and reimbursement to support grey fleet EVs is being properly managed. That might mean helping grey fleet drivers who are keen on PHEV or EV adoption to install charging at home or, if they don’t have a driveway, to access charging elsewhere. It also means ensuring that reimbursement for charging is being carried out correctly, something that current AER rates don’t always cover.
While excellent deals and offers are available online that may seem highly lucrative, it is best to ensure that you do not get carried away by the discounts available. It is critical to get all the information from a reliable and trusted source like CarCheckUK so that you have all the history, insurance information, and other documentation checked beforehand.
Fleet management is either seen as ensuring driver compliance, reducing risks associated with driving for work, or driving costs down. As costs rise, more businesses are keen to review fleet, and look at areas where savings and efficiencies can be made.
Mileage gives a good indication of a car’s mechanical wellbeing. The more miles it’s done the more likely it’ll need parts replacing/updating. With this in mind, LeaseLoco decided to take a deep dive into mileage and see just how much it affects car prices in today’s market.
New rules enforced by the Financial Conduct Authority (FCA) mean that premiums charged to anyone renewing their private motor insurance can no longer be greater than the price offered to new customers for an equivalent policy. Now, you can expect your insurance policy to be on a level pegging for new and loyal customers alike.