The Pod Point Guide to the 2040 Ban
Posted August 04, 2017 by Emma
Diesel and Petrol Car Ban (2040): Everything You Need To Know
It’s a hot topic at the moment: The UK Government plans to ban future sales of diesel and petrol cars. With so much change ahead, what does it all mean?
Here’s our Pod Point guide to help separate the facts from the fiction.
1. Why the change?
The ban has been proposed because the government has rightly assessed that there’s no way of tackling air quality without moving away from burning fossil fuels in our cars.
2. When will it take place?
You’d be forgiven for thinking the answer is… 2040. But in truth, there will be multiple impacts from this announcement and some have started already. The remainder will phase in as we head towards that 2040 deadline. We’ll be here to help you along the journey posting regular updates.
3. What's the impact of the ban?
Change is afoot! You can expect a downwards trend in residual values for internal combustion engines. This will reach a peak long before 2040 when the residual value is so low, leasing will no longer be a viable option.
You’ll also see investment in vehicle electrification increasing rapidly - where would you invest your long term R&D budget if you are a car manufacturer when you see this UK announcement is part of global trend?
4. What do I need to know?
The ban is inevitable.... and it’s great news! Yes - really. Electric vehicles are a fundamentally superior technology. Faster, safer, far more convenient to own and use, lower running costs and, within a handful of years, cheaper to buy in the first place.
“Cheaper to buy?!” Yes! Pod Point predict that EVs will pass through a “price-parity” inflexion point with internal combustion engine vehicles in about 2020 or so, after which the EVs will be the cheaper vehicles for evermore.
So we’re going to need more charging points! Millions of them, in time. Now if only there was a trustworthy firm providing the installation of innovative, reliable, affordable and future proof charging infrastructure…
We’re here to help
Pod Point are extremely excited by the opportunities that the combined revolution of green electricity and EVs offer and can’t wait to allow our customers to take full advantage.
We’re here to help guide you through the proposed plans of the 2040 ban and beyond. Our team of experts cover all areas of the industry and can help with commercial, workplace or home charging along with built environment solutions. Why not get in touch with us to discuss further: firstname.lastname@example.org