What is the Future of Diesel Cars?

With sales of diesel cars falling, and some older cars facing the prospect of being banned due to high emissions, what is the future of diesel cars? If you own one, you might be worried about the future – here we look at the future possibilities.

From October, the London Mayor has advised that diesel cars which are past a certain age will be effectively banned from driving in the city centre. This ban is set to spread across a broader area within the next few years.

Today’s budget will reveal possible changes to the way cars are taxed, with a particular emphasis on diesel.

In February this year, new registrations of diesel cars fell by 9.1 per cent in comparison to the previous year, while sales of petrol cars grew considerably in this period. Moving forward, government incentives on zero-emission models are likely to continue to grow, with further taxes on diesels making a continued impact on the market.

Some car experts are suggesting that diesel cars may be worthless within five years. However, Director of the RAC, Steve Gooding said: “Will all diesels be worthless in five years? Most unlikely. Will some of them be worth significantly less than they otherwise might have been? Almost certainly.”

Volvo CEO Hakan Samuelsson added: “Europe had legislation that allowed NOx levels of diesel engines to be high, but it is safe to say those days are over.”

However, with Paris, Madrid, Athens and Mexico City among the other cities to consider banning diesel cars by 2025, the future of diesel cars is looking more uncertain than ever.

Do you own a diesel car? Are you concerned about its value in the future? Join the conversation on Twitter @WinnSolicitors.

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