‘Mind-blowing’ bureaucracy threatens classic auto industry, owners warn Business

A village festival is rarely complete without an array of vintage cars parked on the grass for car enthusiasts to admire. But now historic car owners are warning against the switch to electrification and the bureaucracy resulting from Brexit threatens the survival of the companies that keep these classic vehicles on the road.

The classic car sector has formed a new group, the Historic and Classic Vehicle Alliance (HCVA), to protect an industry it says has an annual turnover of £ 18.3 billion and employs or supports some 113,000 jobs, including engineers, restorers, artisans and parts suppliers.

HCVA estimates that there is a fleet of around 1.54m of historic vehicles, defined as those over 30 years old, on UK roads. There are 1.47 million additional classic cars, aged between 15 and 30, bringing the total value of these vehicles to £ 12.6 billion.

Despite their old-fashioned technology, these cars are less polluting than expected because they are driven so infrequently, averaging 1,200 miles per year on an average of 16 times they are driven, a fraction of the 7,000 miles driven by most cars.

More about this article: Read More
This notice was published: 2021-05-25 05:00:00