Macclesfield-based motor finance intermediary Car Loan 4U has said it expects hybrid and plug-in vehicles to dominate London roads once the next CO2 exemption thresholds for the congestion charge take effect.
From 1 July 2013, only zero or ultra-low emission vehicles, those emitting less than 75g/km of CO2 and meeting the Euro 5 standard for air quality, will receive discounts for the congestion charge for driving in the centre of the capital.
Go deeper with GlobalData
Effectively, no regular diesel or petrol engine will be able to drive through central London for free, but Ryan Dignan, director of Car Loan 4U, which has begun offering finance deals on electric vehicles (EVs), has seen this as a positive:
"As new electric cars such as the new Nissan Leaf continue to improve, and the Government starts to install more charging points in more readily accessible places, we will see more and more electric vehicles being bought with car finance."
This is of particular importance, given the findings of a poll commissioned by Car Loan 4U in March which found 64% of 2,000 respondents saying they would be worried about finding a charge point if they were running an EV.
richard.brown@vrlfinancialnews.com
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
