If buying an electric vehicle was not expensive enough, young drivers must also battle with high insurance premiums. Experts at Confused.com have previously revealed EVs with the cheapest insurance premiums for young drivers, and the least expensive price stood at £1,802 a year.
Quentin Willson, a former Top Gear presenter and the ambassador of FairCharge, has been campaigning for the reduction of insurance premiums for young motorists.
Mr Willson told Express.co.uk: “That is one of the things we are campaigning for at FairCharge.
“The exact people for whom these cars are the most exciting and are the most interesting are the younger generation.
“They are tech-savvy whereas older people don’t find them amusing to live with.
“This would allow them to drive an electric car for £70 a month or something like that.”
He continued: “We need to really think cleverly about how we make it possible for everybody to have zero-emission motoring.“
The former Top Gear presenter stressed that it might not be possible to build a £10,000 electric car because of the costs required to produce a battery.
Mr Willson said: “The battery prices are actually going up because of raw material shortages.
“They will come down in time, but in the meantime what can we do?
“Maybe something similar to what Scotland has done by offering interest-free loan schemes for electric cars.”
While there are still many things that could be improved in the world of electric vehicles, the sales of EVs have hit a record high.
The number of electric vehicles bought in the UK in March alone was higher than during the entirety of 2019.
British drivers registered nearly 40,000 new electric vehicles last month.
This in turn made March’s figures the highest on record for a single month.
The evidence of the soaring demand for battery electric cars was provided by the Society of Motor Manufacturers and Traders (SMMT), a lobby group.
Across all of 2019, Britons bought 37,850 electric vehicles.
In March 2022 alone there were 39,315 sales.
It is now estimated by some analysts that battery EVs will become the most popular fuel type as soon as 2025.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.