Energy and Environment

The true cost of electric vehicles


In the Media

Julian Jessop quoted in the Daily Express

Housing and Planning

Alexander Hammond features in Daily Express

Alexander Hammond quoted in the Daily Express

The government’s green agenda has come under increasing scrutiny as MP’s worry that the cost of net-zero targets will be unfairly levied on struggling households across the UK.

IEA Policy Analyst Alexander Hammond was quoted in the Daily Express, assessing the true cost of replacing diesel and petrol cars with electric vehicles.

Alex said: “If every diesel or petrol car in the UK was replace with an electric version (EV), over their lifetime they would avoid 324 million tonnes of CO2, which has a market value of £15.7billion. However, the taxpayer would have to fork out £82.1billion in EV subsidies alone – not to mention additional costs, such as funding hundreds of thousands of EV charging points.”

Read the full article here.