These vehicles could increase in price and become more expensive to own as a result of the UK’s cooling petrol and diesel car ban, according to experts. Classic carsare a passion project for many owners with dedicated fanbases restoring and running historic vehicles for the love of it. There are around 340,000 classic cars over 40 years old still registered on UK roads, but owning these models could become a lot harder within just a matter of years.

The Labour Party has confirmed the UK will introduce restrictions on the number of petrol and diesel vehicles built, with most major firms banned from producing new combustion models from 2030. The rule will only apply to brand-new cars, meaning second-hand models and classic vehicles will not be forced off the roads.

However, experts have suggested that classic car owners could still feel the sting, with prices likely to rise.

USwitch said: "The ban won't affect classic cars, other than potentially making them pricier, but at this point that's not certain.

"It might be more expensive to get your car repaired after the ban, or to get fuel. But none of this is certain.

"So if you're a classic car fan, don't fret. You'll still be able to enjoy driving your vehicle."

They explained: "In all likelihood, what will happen to classic cars after 2030 instead is that they will become increasingly expensive to run as petrol and diesel usage dwindles and prices for combustion fuels skyrocket.

"That will make running a classic car even more of a luxury than it already is.

"In those circumstances, it could lead classic car owners to go the conversion route, in order to keep their classic vehicle on the road."