A new poll has found under 25s are willing to pay a £16,000 premium to buy an electric vehicle as their first car, rather than a fuelled motor.
Under 25s are forking out more than £16,000 extra to buy an electric vehicle as their first car.
According to new findings from insurance comparison site MoneySuperMarket, 47 per cent of young motorists aspire to be behind the wheel of an electric car, and 32 per cent want to delay driving until they have enough money to purchase one of the vehicles.
What’s more, 38 per cent of those polled said they would refuse to drive a fuelled motor for environmental reasons.
An average electric vehicle insurance premium for an under 25 year old is £1,881 and it will set young motorists back an average of £11,335 for an electric car, compared with an average of £3,218 for a petrol motor.
Despite this, Sara Newell, the director of insurance at MoneySuperMarket, believes there is “light at the end of the tunnel” for young motorists keen to get behind the wheel of an EV.
She said: “The cost of getting an EV on the road is a topic of much debate. As our household money index shows, young drivers are keen to drive electric cars, but it’s still much more expensive for a first-time driver to get on the road with an electric car compared to a petrol equivalent.
“But there’s light at the end of the tunnel. More electric cars are becoming available, and insurance costs are starting to drop – in some cases, it’s even cheaper to insure an electric car than a petrol one for young drivers, especially if you shop around for the best deals.”
Young motorists fork out £16k more to buy electric vehicle as first car
