According to AutoTrader, only 5,150 affordable ULEZ-compliant cars below £5,000 are on sale in London despite 200,000 vehicles set to be impacted by the expansion.
The average cost of used diesel cars that follow ULEZ rules was calculated at £19,991, while petrol cars cost £15,000. Typically, only petrol vehicles registered after 2005 and diesels registered after 2015 comply with the rules.
Mayor of London Sadiq Khan introduced a £110m scrappage scheme last month to help those on lower incomes, disabled people, charities, sole traders and small business to replace or retrofit their old, polluting vehicles.
But Erin Baker, Auto Trader’s editorial director, said the scheme was a “drop in the ocean” for lower-income households.
As well as modern petrol and diesel cars, electric vehicles will also be exempt from the ULEZ charge, which costs £12.50 for each day they are in the zone. Auto Trader’s data showed that the cheapest EV available in the London area...