Close Brothers: hybrid vehicles more popular than ICE vehicles

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ybrid vehicles have surpassed petrol and diesel as the most popular car for motorists, according to research from Close Brothers Motor Finance, with one in four planning a hybrid as their next vehicle purchase.

In the report, Britain Under the Bonnet, data revealed that only one in five (22%) intend to purchase a petrol engine vehicle, a 15% decline since 2020.

Conversely, the desire to purchase hybrid has accelerated from 21% since 2020, most notably amongst those age 25-34.

Following the government’s decision to advance the ban of ICE-vehicles by 2030, numerous carmakers have revealed plans to terminate production of such models over the next few years.

Seán Kemple, managing director of Close Brothers Motor Finance, said: “The news headlines have been fuelled by manufacturers making bold claims about their plans for a greener future, with Jaguar Land Rover and Ford being just some of the latest cars makers to confirm the end of petrol and diesel models.

“Throw into the mix the government’s ban on sales of new petrol and diesel cars being brought forward to 2030, it’s no surprise motorists are turning away from these engine types, and as our research shows, opting for hybrid models instead.”

Concerning electric cars, 13% intend to purchase a plug-in electric whilst 12% will choose battery electric. Despite growing popularity, several significant concerns require consideration if uptake of electric vehicles is to continue.

Addressing the issue of electric vehicle infrastructure, Kemple continued: “We are still languishing in the tens of thousands of much needed electric car charging points – we need to get to 2m to meet the ambitious 2030 goals.”