"Transport Distancing ” is a term we wouldn’t have heard before 2020, the year that Covid-19 took its toll on the world as we knew it. Taking public transport is a very different experience today – mask on, hands sanitised, socially distanced from anyone standing in front, behind, left or right. Long gone are the days when you could cram yourself into the last tube that would get you to the office right on time for your 9am meeting.
According to research conducted by Auto Trader, the thought of using crammed public transport is what’s most likely to drive car sales post-pandemic, with 56% of UK driving licence holders who don’t currently own a vehicle, now considering one for this very reason. More than half of consumers believe owning a vehicle will be more important after Covid, with 66% of 18-24 year olds claiming they’d be less likely to use public transport.
An annual season ticket varies hugely depending on route travelled, but can range from anywhere between £3,000 and £12,000 per year when travelling through London. Taking running cost, road tax, maintenance and congestion charge into consideration, could it be more cost effective to go electric?
Electric cars are currently exempt from paying London’s congestion charge due to the fact they don’t release harmful emissions whilst driving. This means you could save up to £14 every day if you frequently drive through the Congestion Charge zone. Electric cars priced less than £40,000 are also currently exempt from paying the usual vehicle tax. Government agency, Go Ultra Low, estimated that over its lifetime, the maintenance costs of an electric car will be around 70% cheaper than an ICE (internal combustion engine). It is also important to take into account that with electricity being cheaper than petrol, the cost of charging up an EV should be much less than to fill up a tank of fuel.
If price is an important factor when choosing a car, look no further than the all-new, all-electric Fiat 500e which starts at a £950 Fiat Deposit Contribution, 4.9% APR Representative and a £2,500 Government Grant. This is the first small car to feature Level 2 Autonomous Driving for a superior level of safety, with zero emissions whilst driving. Just a 5 minute fast charge can get you up to a 30 mile range in the 500e, and the Sherpa mode works with the speed limiter and climate control to make use of every last bit of range from the car. You can find out more about how to finance a brand new Fiat 500e here: www.fiat.co.uk