In Rishi Sunak's first spending review his Commons statement announced measures to support a 10-point plan to drive carbon emissions to 'net zero' by 2050. An element of that aim involves the ramifications for motoring and motorists. The £12 billion plan includes £1.3 billion to increase electric vehicle charging points, and £582 million for grants for zero or ultra-low emissions vehicles. The government claims that this will support 40,000 new jobs by 2030 and save 300 million tonnes of carbon dioxide.
The ban on sales of new internal combustion engine vehicles has been brought forward to 2030, and now hybrid vehicles are also to be banned from 2035. Given that at present no more than 30% of motorists are in a posiiton to afford an electric car, 2030 is not that far away and the effects on second-hand car sales will be felt long before then.