Research carried out by Trend Tracker and Consumer Intelligence has uncovered a change in consumer habits and attitudes as a result of rising fuel costs.
Based on a survey of more than 1,000 motorists, the research found that more than half (54%) are using their vehicles less to offset steepling prices at the pumps. For a third of drivers, the increase in fuel costs has added more than £250 to their monthly bills.
The additional expense is also making many think of switching to an electric vehicle.
Nearly a third (30%) said they are now in considering an EV to reduce costs, while a further 27% are interested in making their next purchase a hybrid.
Of those not considering a change, 74% said the price of EVs was the largest obstacle, while charging infrastructure and range were also cited as off-putting factors.
The research also asked consumers about motor insurance, with 47% saying they would change provider at renewal.
Only seven per cent had made a claim recently, with more than half (58%) still waiting to get their vehicles back. Of those, a staggering 92% said they would change insurance providers at renewal even if their claim had not yet been settled.
This detailed insight is available on a monthly basis to Trend Tracker subscribers within the monthly snapshot reports produced.
