August 16, 2010 19:00 ET

One In Five Would Consider an Electric Car Following Coalition Government's New Scheme

MANCHESTER, UNITED KINGDOM--(Marketwire - Aug. 16, 2010) - One in five motorists would consider buying an electric car, according to Swinton Insurance.

The results were revealed by the UK's leading high street retailer of car insurance following the unveiling of plans by the Coalition Government to offer grants to those who wish to purchase one.

Swinton surveyed 1,200 customers and found that 19% would consider purchasing a greener vehicle as part of the scheme.

From January 2011, under the new scheme any motorist buying a new generation electric car or ultra low carbon hybrid will get 25% off, up to a maximum of £25,000.

The benefits of owning an electric car include reduced carbon emissions and a much lower rate of car tax, however, Swinton is warning motorists who wish to purchase an electric vehicle to ensure they check out the premium for car insurance first. Electric cars are more unusual and have difficult-to-replace parts thus increasing repair costs, which could impact on insurance premiums.

Steve Chelton, Insurance Development Manager at Swinton said, "Green cars really benefit the environment and motorists wishing to purchase a new vehicle should consider using the Government's new scheme and opting for an electric car. However, they need to be aware of the implications to their car insurance policy as premiums for electric cars are likely to be slightly higher. It's always a good idea to check before any purchase is made."

The top five electric cars available in 2010 are:

  • Peugeot iOn electric
  • Nissan LEAF electric
  • Toyota Plug-in Prius hybrid
  • Citroen DS3 HDi
  • Ford C-Max

About Swinton:

  • With over 600 branches nationwide Swinton is the UK's largest high street insurance retailer

  • Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community

  • Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance

  • With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates

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