- 50 years of the Porsche 911
- Brits on the Go
- British GP Facts and Figures
- Cars of the Silver Screen
- Driving Distractions
- Euro Car Contest
- ECJ Car Insurance Impact Analysed
- Good Driver or Bad Driver?
- Grand Prix Driver of the Year
- Guide to Learning to Drive
- Here is what you could have won
- Mini Cooper: Old Vs. New
- MoneySupermarket.com Car of the Year
- New Vs Used Cars
- Should I Go LPG?
- Snow need to panic
- The Cars That Won’t Die
- The cost of running your car on alternative fuels
- The Future of Motoring: Driverless Cars
- The UK’s Speeding Hotspots
- The UK’s Worst Drink & Drug Driving Offenders
- The Cost of Learning to Drive
- The Cost of Motoring over a Lifetime
- The Worldwide Cost of Fuel
- What If Every Car Was Electric?
- What’s Our Driving Passion?
What If Every Car Was Electric?
Electric cars are often heralded as the future of motoring, as raw oil supplies dwindle and the cost of fuel at the pumps sky-rockets.
They are also praised for causing less damage to the environmental than conventional fossil fuel cars, as global warming becomes an increasing area of concern. This has led to the Government introducing a number of incentives to encourage green car adoption. But what would actually happen if every motorist did go down the electric car route?
We have crunched the numbers and found that the government would lose over £24 billion in tax every single year if every motorist in the UK opted for an electric vehicle. This biggest loss would obviously come from fuel duty, which makes up about 80% of this total figure.
The government would also lose approximately £4,861,220,980 from road tax charges and close to £37.5 million from car insurance sales, which are generally about 5% cheaper for environmentally friendly car owners through a number of motor insurance providers.
However the savings available to each individual motorist were slightly less substantial; with the average driver standing to reduce their overall annual motoring costs by £952: