Petrol and diesel car bans could start sooner than we think

Posted: 19 February 2020

In a bid to hit zero-carbon emissions by 2050, the government has brought the date forward from 2040, stating that the ban could come in even earlier if possible - although adding that there would be consultation.  Not only will this help the UK meet its 2050 target, it will also help reduce air pollution. This is because about a third of CO2 emissions in the UK come from transport1.

Only electric or hydrogen vehicles would be available once the ban comes into effect.  The Committee on Climate Change believes the cost of electric cars will be similar to that of petrol or diesel vehicles by 2024-25.

The proposals were mentioned in the lead up to the United Nations climate summit, which is being hosted in Glasgow later this year.


The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

About Allianz Holdings plc

Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2021, over 150,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

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