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Electric car: Diesel prices drop as drivers turn to ‘electric revolution’ ahead of car ban

Production of battery-electric vehicles rose 6.5% in the first six months to record highs, according to new data from the Society of Motor Manufacturers and Traders. Although UK car manufacturing has fallen by a fifth in the past six months, many see light at the end of the tunnel with industry support for electric vehicles.

More than 32,000 electric vehicles were produced in the first half of this year.

The new data was bolstered by a 44.2% increase in June, leading to record production of zero-emission vehicles for the month.

In comparison, production of gasoline cars fell by 8% while production of diesel vehicles fell by 60%.

The government also announced a massive £3.4 billion investment in UK industries, mainly for electric vehicle production and supply chains.

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“A growing number of leasing customers are turning to electric cars and vans, with many new players now entering the market, particularly from China, as Chinese manufacturers increasingly move into British outposts.

“It’s great to see this momentum in the electric vehicle market and we encourage people to continue to embark on the electric revolution as we have been doing for some time.”

A study by LV=General Insurance found that by the end of the decade, around 31% of annual used car sales will be battery electric vehicles.

In 2021, electric vehicles accounted for just 1.3% of the total number of cars on the road, with just under 400,000 cars.

By next year, that number is expected to top one million, although that’s only 3.1% of the total.

By 2025, this figure will double to about 6%, then triple to 19% by 2030 with 6.4 million cars.

ElectriX, a new venture from LV=, is looking to help more UK drivers go electric through rental, charging and insurance.

With some automakers facing wait times of between 9 and 12 months, experts are looking to bridge the gap for drivers.

Some of the most popular electric vehicles on the market are available through the service, including the Renault ZOE, Hyundai KONA, Volkswagen ID.3 and Peugeot 208.

Gill Nowell, Head of EV Communications at ElectriX, said: “Electric cars are our future and are rapidly gaining popularity as great cars to own and drive.

“The tide is turning in favor of zero tailpipe vehicles, with battery electric cars accounting for 16% of car sales in the first half of 2022, but we still have a long way to go.

“That’s where ElectriX comes in. We want to make owning an electric car simpler, so we’re giving drivers who are considering making the switch access to helpful information, products and services, demystifying some of the common jargon used, and be a source of truth when it comes to zero-emission driving.