Classic car owners may need to pay more to get behind the wheel from this exact year as petrol and diesel ban rules come into effect. Labour is set to ban the sale of most brand-new petrol and diesel vehicles from 2030 as part of a crackdown on combustion engines.
Although used and historic petrol and diesel models can still be used, experts at Adrian Flux Insurance have stressed that owners may face some consequences. The end of the decade is likely to see a renewed focus on electric vehicles, possibly leading to decreased space at fuel stations. This means owners will need to pay more to run and maintain their historic vehicles, which could be a blow for enthusiasts.
Posting online, Adrian Flux Insurance said: “Classic cars are not being banned, but it’s likely the next few decades will see a shift that may eventually present a challenge for classic car drivers.
“This includes increased availability of electric car charging points, more dedicated electric vehicle parking spaces and decreased space at fuel stations for traditional petrol and diesel pumps. Some have even wondered if the ban could mean that classic cars will be worthless in the future.
“Though running and maintenance costs are likely to increase for classic cars, vehicles that are already rare may become even more sought-after as collector’s items, pushing up their value.”
Experts at PodPoint have previously warned that the rising uptake of electric vehicles could “present a challenge” to classic car owners.
The specialists have previously predicted that a reduction in demand for petrol and diesel vehicles may mean there will be fewer fuel stations.
PodPoint said this would certainly make it “more expensive” to drive classic cars reliably.
Adrian Flux added: “There is also a chance the classic car market as a whole could take a hit as hobbyists are put off by the rising cost of road tax and fuel, coupled with increased difficulty in sourcing replacement parts.
“The value of diesel cars has already dropped since scrappage plans were announced, and there is a risk the same could happen to petrol vehicles, classic or otherwise.”