Qualified advisers answering your
Financial Questions
call 0800 092 1245

Will the electric car ever takeoff?

As the price of oil continues to move higher and higher with the cost of petrol following a similar path, there is speculation that governments around the world could decide to move into the electric vehicle industry with significant investment and tax incentives. This is not the first time the electric car industry has been suggested as a possible offset against the ever increasing price of oil but over the last few months we have seen worldwide markets held to ransom by speculators.

Despite the fact that electric cars are cheaper to run, more environmentally friendly, need less maintenance and are highly efficient, the industry for one reason or another has just not taken. There has been speculation for some time that governments, oil companies, oil producers and car manufacturers have deliberately held back from promoting the sector. While this has always been refuted by those companies and those individuals under the spotlight, there is no doubt that in a perfect world the sector should have been more developed than it is today.

As oil stocks round the world continue to decline the need to find a new power source for the transport sector becomes more critical, with electric still by far and away the favourite.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details