In another blow, older motorists are more likely to own highly polluting petrol and diesel vehicles, which face the highest tax rises in April.
Previous analysis from Zaptec found that only 16% of individuals aged 65 and above would consider making the switch to electric vehicles.
The study found that as many as 90% of over-65s view electric models as a waste of money with many clinging on to their combustion models.
However, it’s petrol and diesel owners who face the highest bills from April when major VED updates are introduced.
For models first registered after 2017, the annual VED fee will rise from £190 to £195 in line with Retail Price Index (RPI) inflation.
Those behind the wheel of models registered between 2001 and 2017 will also feel the sting of increases across all tax bands.
The biggest impact will hit vehicles which produce over 255g/km of CO2 with prices up from £735 to £760.
Those with petrol and diesel models registered before March 2001 will also be affected by slight rises.
Bigger cars with engines above 1549cc will pay £360 instead of the current annual rate of £345.
Models below 1549cc will be charged £220 from April, up from the current £210 annual fee.
HM Revenue and Customs (HMRC) have previously admitted the new fees will have an impact on motorists across the UK.
They explained: “This measure will impact on motorists owning a car, van or motorcycle or using a motorcycle trade licence.
“The increase in Vehicle Excise Duty rates is in line with Retail Price Index meaning rates will remain unchanged in real terms for vehicle owners.”
