Petrol, Diesel or alternative fuel which will it be in the future?

Briefly, the survey of UK motor finance brokers found that:

• 29% of them forecast a fall in sales of diesel-powered vehicles – partly as the result of government’s current consideration of disincentives for operating what are seen as more highly-polluting vehicles;
• 19% forecast a fall in sales of petrol-fuelled vehicles;
• 77% forecast a growth in sales of electric vehicles and 81% a growth in sales of hybrid vehicles.

Furthermore, these trends are expected to become even more marked with the passage of time, so that in five years’ time:

• 52% said they expected sales of diesels to have decreased and a further 29% described that reduction as being significant – a total therefore, of 81% of the surveyed motor finance brokers;
• a further 52% forecast a fall in sales of petrol vehicles;
• at the same time, 91% said they expected an increase in the sale of electric vehicles, with 29% forecasting a moderate growth in the sales of hybrid vehicles and a further 62% expecting that growth to become significant.

But its well into the future, the trends will make a gradual change in the near future, but no panic as yet.