• 83 per cent of tradespeople own or would like an electric vehicle in future - significantly more than the motoring public at large (54 per cent)
• Of these tradespeople, more than one in five want to own an electric vehicle because of cost savings on fuel, while 15 per cent want to do so for environmental reasons
• A majority (55 per cent) of tradespeople think that electric vehicles will help to reduce pollution within the next 5 years

 

Over eight in ten tradespeople (83 per cent) either own or would like to invest in an electric vehicle in the future, according to new research from Direct Line business insurance.¹ This is significantly more than the motoring public – just 54 per cent of whom either own or wish to switch to an electric model.²

Tradespeople who want to make the switch are more interested in the practical benefits of electric vehicles than those outside the sector. Of those who either own or want to purchase an electric vehicle, more than one in five (21 per cent) would do so because of cost savings on fuel.

Interestingly, only 15 per cent want to switch to an electric vehicle because it is better for the environment. This is fewer than the public at large, of whom nearly one quarter (23 per cent) would own an electric vehicle because they’re more sustainable.

The news follows the Government announcing that it is investing £620 million in grants for electric vehicle and street charging points, as part of its ambition to reach Net Zero carbon emissions by 2050. It comes as global leaders are meeting in Glasgow for the COP26 conference, which runs from 31^st October- 12^th November.

Tradespeople are also more optimistic about the availability of charging infrastructure than the general population. Over half (53 per cent) expect this to be commonplace within five years, which is significantly higher than the proportion among the public (30 per cent).

They also display more positive attitudes towards the future of vehicle ownership and their environmental impact.

Almost half (46 per cent) of tradespeople expect electric vehicle ownership to outnumber petrol and diesel vehicles within the sector by 2026 – a figure that increases to 72 per cent within a decade.

Among the public, just 15 per cent believe that electric vehicle ownership will outnumber petrol or diesel models within the next five years – only increasing to 41 per cent over the next decade – suggesting again that tradespeople are more optimistic than the general population.

Over half (55 per cent) of tradespeople think that electric vehicles will make a tangible impact on pollution and sustainability by 2026, compared with just 20 per cent of the public. 46 per cent believe that there will be a stigma attached to driving a petrol or diesel vehicle within 5 years – again, significantly more than the general population, with just 20 per cent predicting this.

Despite such positivity, tradespeople have some concerns about electric vehicles. These range from limited driving ranges, upfront costs and the choice of models currently available:

Tradespeople’s concerns around electric vehicles - Direct Line business insurance, 2021:

Another issue is that tradespeople are not always aware of government-backed support for buying an electric vehicle, such as the Plug-In Car Grant. Almost half (43 per cent) of tradespeople did not know that vans were available on the grant, despite more than one in five (22 per cent) having heard of it.

Jonny McHugh, Van Business Manager at Direct Line, said:

“Sustainability is becoming increasingly important to people – and businesses and the Government is responding. There is widespread recognition that electric vehicles have a critical role to play in reducing carbon emissions.

“It’s promising to see that tradespeople are leading the way, with our research showing that they’re more likely to own or are more willing to buy an electric vehicle in future. They are also more optimistic about their future and their potential to make a positive difference in the battle against the climate crisis.

“When making the switch to an electric vehicle, it’s important that tradespeople have the correct insurance arrangements in place. Our Van Insurance for electric vehicles allows tradespeople to use their electric van or pick-up for their business – for example, carrying own goods, tools, or equipment to different locations as part of the working day. They’ll also have peace of mind knowing that their electric van’s battery and charging cable are covered.”

Direct Line’s comprehensive Van Insurance for electric vehicles covers charging cables and home chargers, including accidental damage, fire and theft, and includes cover for battery damage as a result of an insured incident. It also includes hotel expenses (up to £150 for the driver or £250 in total for everyone in the van) in the event an electric van can’t be driven due to an accident or loss covered by this insurance arrangement.

If an electric van is stolen or written off, Direct Line business insurance will replace it with a new one of the same make or model if it’s less than a year old and the claimant is the first and only registered owner.

For electric vans over one year old (comprehensive cover only) written off due to vandalism, accident, fire or flood, tradespeople can choose between:

·         Receiving a cheque to the replacement value of the van

·         Asking us to replace the van with something similar

·         Choosing a van of higher value, with the claimant paying the difference

A minimum van purchase price of £3,500 applies. An exact match may not be possible and is subject to availability. This excludes theft claims.

More information on Direct Line business insurance’s Electric Van cover can be found here:

https://www.directlineforbusiness.co.uk/van-insurance/electric-van-insurance

For more information on the pros and cons of low emission vans please see:

https://www.directlineforbusiness.co.uk/van-insurance/knowledge-centre/running-your-van/congestion-charge-low-emission-vans[HU(LG1]

 

-ENDS-

¹ Nationally representative survey of 2,000 UK adults conducted by Opinium on behalf of Direct Line business insurance from 8th-12th October 2021 – 188 of which are tradespeople.

² Nationally representative survey of 2,000 UK adults conducted by Opinium on behalf of Direct Line business insurance from 14th-17th May 2021.

For further information please contact:

Direct Line Group
Unni Henry
Marketing Practitioner
Email: [email protected]

About Direct Line business insurance

Launched in 2007 Direct Line business insurance now has over half a million customer policies, providing a flexible range of insurance products for the landlord, van and small business sectors.

Direct Line business insurance policies are underwritten by U K Insurance Limited, Registered office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England and Wales No 1179980. U K Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Direct Line business insurance and U K Insurance limited are both part of Direct Line Insurance Group plc.

Customers can find out more about Direct Line business insurance products or get a quote by calling 0345 301 4827 or visiting https://www.directlineforbusiness.co.uk