What does ban on new petrol and diesel cars mean for the classic car movement?

What does ban on new petrol and diesel cars mean for the classic car movement?

Last week, the government set out it's plan to stop the sale of new petrol and diesel vehicles from 2040. Manufacturers must have already had got wind as BMW had announced a new Mini plant dedicated to producing electric versions of the iconic marque. But what does this mean for the classic car movement? 

Industry experts have mixed views and this is an issue which is guaranteed to be discussed over the coming months, especially at the Lancaster Insurance Classic Motor Show, with Discovery.

According to Honest John Classics, the ban could actually be good news for the majority of classics. HJC said: "After all, with no petrol and diesel vehicles leaving the showroom after 2040, where will petrolheads get their fix? From older cars, of course. If manufacturers are smart, this could lead to the creation of heritage experience and driving days giving people the chance to relive the former glories of the internal combustion engine.

"Classic car hire companies could also see an increase in demand as people look to take a trip down memory lane. By 2040, driving a 2016 Ford Focus RS through North Wales will be just as attractive as guiding a Morris Minor through the Cotswolds."

However, leading classic car auction analyst Richard Hudson Evans reported a different view to Classic Cars for Sale: "As the Judges force the Government to ban the sale of even new petrol cars, classic car auction price falls of unknown depths are very likely in the short term.

"While I fear a long term collapse in most values and, indeed, most of the market as we know it, may be inevitable – as local authorities are empowered to tax and then ban old cars from even urban areas and fossil fuels are in very real danger of disappearing from what will be a dwindling number of forecourts.

"For if the elected politicians prevent you from driving your classic car where you want to go and you are unable to refuel it when you get there, unless you have a motor museum, then there would appear to be little point in enforced ‘static ownership’ of a forever inactive artefact."

With so many opinions, we contacted our good friend and host of the Discovery Live Stage Mike Brewer. The Wheeler Dealers presenter said: "2040 is only 22 years away which is no time at all to come up with a solution. Think how long it feels since it was 1998 – its gone in a heartbeat!

"There is already a huge drain on the National Grid already and 80% of power stations are still coal powered so its not even 'clean energy' they want to use. What about the disposal of batteries? Batteries that will need replacing in ten years and cost far more than the ones we use now. How do people afford that? This needs much more consideration and discussion before any action is taken."

Join in the discussion on the Discovery Live Stage this November - book your tickets here!