• An electric vehicle surge would deliver an average £1,000 of fuel savings a year per driver, and spark a 47% drop in carbon emissions by 2030, said the Cambridge Econometrics study.
  • The paper, commissioned by the European Climate Foundation, said that air pollutants such as nitrogen oxide and particulates would be all but eliminated by mid-century, with knock-on health benefits from reduced respiratory diseases valued at over £1bn.
  • The knock-on benefits to the UK’s GDP from reduced oil costs and increased vehicle spending could amount to between £2.4-£5bn by 2030, the study says. Between 7,000-19,000 jobs would also be created.

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