Summary:
According to Auto Trader, the UK’s petrol car fleet, currently at 18.7 million, is projected to shrink to 11.1 million by 2034. This decline is driven by consumers increasingly adopting electric vehicles (EVs). This is due to their growing affordability and achieving price parity with internal combustion engine (ICE) vehicles. Auto Trader’s commercial director Ian Plummer remarked, “Peak petrol is a genuine landmark for the UK.” He anticipates a significant shift towards EVs as they become more accessible and cost-effective for the average consumer.
Motor Trader
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