Interest in electric cars is definitely on the rise

WE welcome news in the budget that £500 million is being invested in rapid charging hubs for electric vehicles.

We’ve seen from our own data that interest in electric cars is definitely on the rise. The number of electric vehicles insured with us has increased by 95 percent on average in the last three years and that’s something we’d expect to grow as consumer focus on the environment intensifies.

As it stands, growth in electric vehicle take up isn’t evenly distributed across the country and there are huge discrepancies across the UK, with our data showing that cities in the south are surpassing

those in the north. Increasing the funding for charge points is a huge step in evening out the balance of electric vehicles in the UK, and making sure that there is easier access for everyone, regardless of their postcode.

We want to help normalise electric car ownership as much as possible, so while drivers can choose to take out a dedicated electric vehicle insurance policy if they want to, they don’t have to.

Some electric vehicles are expensive, but the range of affordable models and second hand market is increasing so it certainly pays to shop around if you’re thinking of switching to an electric or hybrid car.

Over time electric vehicles are cheaper to own and run compared to petrol or diesel alternatives, so as well as reducing the impact on the environment, they also reduce costs for drivers.

Clare Egan

Head of motor at Admiral