Upon election, the new government may move to reintroduce the 2030 ban on new petrol and diesel car sales – but how will this impact the insurance industry?
The Labour party’s landslide win in the general election on 4 July 2024 has brought with it the possibility of reinstating the 2030 ban on new petrol and diesel vehicles.
However, the prospect of reinstating the 2030 deadline has raised questions from some industry quarters about the readiness of car manufacturers and retailers in making this change, as well as the ability of the energy grid to cope with the requirements of so many new car batteries.
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