- Petrol and diesel prices in the UK have significantly increased, with a full tank of petrol costing almost £14 more and diesel nearly £27 more than pre-war levels, following a 50 per cent rise in Brent crude oil prices due to the Iran war.
- This surge in fuel costs has led to a notable increase in consumer interest in electric vehicles (EVs), with enquiries for new EVs up by 23 per cent and used EVs by 30 per cent since the conflict began.
- Data suggests that the nearly 2 million EVs currently on UK roads are projected to cost £1 billion to run over the next year, about £1.5 billion less than petrol or diesel vehicles.
- Analysis from Green Alliance and the Energy and Climate Intelligence Unit highlight that EVs offer significant savings for families and businesses and shield drivers from volatile global oil markets, urging the government to maintain momentum in the transition to electrification.
- The trend of increasing EV interest is not limited to the UK, with significant sales growth reported across Southeast Asia, Japan, South Korea, New Zealand, India, and Australia, indicating a global shift towards electric mobility.
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