Figures from the RAC reveal that petrol prices in the UK have hit an eight-year high, and are set to continue to rise, as demand outstrips supply. There have been price rises for nine months in a row, with the latest hikes in July being 3.4p for a litre of petrol and 2.4p for a litre of diesel.
Following the Government’s decision to ban new diesel or petrol heavy goods vehicles (HGVs) sold after 2040 as part of a plan to decarbonise the transport sector, the Petrol Retailers Association (PRA) has described the announcement as “optimistic but completely unrealistic.”
The UK will end the sale of new petrol and diesel cars and vans by 2030, a decade earlier than planned. UK Prime Minister Boris Johnson set out the plans as part of a wider 10 point plan for a so-called for a “green industrial revolution”. However, the sale of hybrid cars and vans that can drive “a significant distance with no carbon coming out of the tailpipe” will remain until 2035.
The Electric Vehicle Association (EVA) England is urging the government to bring forward the ban on the sale of new petrol and diesel vehicles to 2030. The government is in the process of analysing feedback from its consultation on the ban, which has already been brought forward from 2040 to 2035.
The Committee on Climate Change has advised the government to bring forward its ban on petrol and diesel vehicles to 2032. The government is working to a provisional date of 2035 to ban the sale of all vehicles that aren’t zero-emission, but the committee’s progress report is now suggesting that target is too late. However, the BVRLA is not sure if that is a realistic target.
A new survey of 2,000 UK drivers reveals that almost a third (30 per cent) say that if they were buying a new car or a new second-hand car they would not know whether to buy a petrol, electric or diesel one. Younger drivers, 18 – 34s, are even more undecided with 41 per cent saying they are unsure what type of fuel-powered car to go for.
Klarius Products Ltd. has slammed the government’s proposal to bring forward the ban on new petrol and diesel cars to 2035, calling the decision “an unworkable fantasy” that is more about political gain than solving a problem.
Having initially committed to banning cars based on petrol, diesel or hybrid engines from 2040, UK prime minister Boris Johnson is now planning to implement the ban from 2035.
Despite the environment being the biggest driver for switching to an electric vehicle, new research by digital transformation agency, Somo, has identified that the interest in petrol vehicles is not declining. In fact, over half would consider purchasing a petrol engine vehicle next, and, surprisingly, a quarter are still considering diesel engines.
New car buyers can get the biggest savings off list prices on diesel cars according to the latest research by Britain’s leading consumer champion and new car buying platform, What Car? Analysis of the UK car market by What Car?’s Target Price mystery shoppers found the average discount on a new diesel car at the beginning of March was 7.82 per cent off the list price, or £2731. Discounts on diesel were only marginally higher than for petrol models, which stood at 7.11 per cent or £2101.
Porsche is the latest vehicle manufacturer to announce that it is to stop producing diesel cars. It follows a 2015 scandal in which its parent company, Volkswagen, admitted it had cheated emissions tests for diesel engines. The Porsche chief executive said the company was “not demonising diesel”.
The Society of Motor Manufacturers and Traders (SMMT) is urging the UK government to act to support the sale of traditionally fuelled vehicles following the news that the UK new car market declined moderately in June. Year-on-year demand fell by -3.5 per cent, the SMMT stated, as 234,945 new cars joined British roads, representing relative stabilisation considering recent turbulence over the past year or so. While alternatively fuelled vehicle sales continue to rise, they are not yet at a level that can relieve the decline in traditionally fuelled vehicle sales, and the SMMT argues for government to provide increased support for petrol and especially new technology diesel vehicles.
The UK is committed to a total ban on the sale of all petrol and diesel cars by 2040, but, in its annual progress report to Parliament, the Committee on Climate Change has suggested that this is too late and should be imposed a decade earlier, in 2030.
The used car market should prepare for a potential oversupply of petrol cars in the medium term, says the Vehicle Remarketing Association.
The balance of stocking diesel, petrol, hybrid and alternative fuel used cars is set to become a more important issue for dealers over the course of 2018, says the Vehicle Remarketing Association. The trade body, which represents members that are involved in the remarketing of more than 1.5m vehicles per year in total, says that the process is likely to be relatively measured but also unavoidable.
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