Cash is still the number one option to pay for parking amongst motorists, but young drivers prefer to use cards and technology, new research has revealed.
Some 46 per cent of drivers say that paying for parking with cash is their first choice, rising to 56 per cent per for drivers over 65 and 62 per cent for low income households, according to a study by the AA.
Meanwhile, Chip & Pin payments come second with contactless payment with a card or smartphone third. Paying via an app and by phone complete the top five.
However, drivers aged 18 to 24 are ready to shun notes and coins in favour of cards and technology, the report found.
The majority of drivers still like to pay by cash when parking, a new survey has revealed
Half say their first choice for parking payments is by contactless payment, with Chip & Pin second and apps third.
The research comes as many local authorities across the UK have changed their policies to allow cashless payments only during the height of the pandemic to reduce cash being handled by multiple people.
Some councils also said moving to cashless options reduced costs as it saved on repairs and meant thieves could not steal the cash sat in the machine.
However, while offering cashless payments is popular amongst younger drivers, older drivers and low income households prefer to manage their budgets with cash.
They added they want the flexibility to pay for parking with coins and then spend any change in the local High Street.
As a result, the AA is asking councils to retain pay by cash parking machines to ensure drivers of all ages and backgrounds can access local shops and facilities.
|1||Cash||Contactless via card/smartphone|
|2||Chip & Pin||Chip & Pin|
|3||Contactless via card/smartphone||Via an app|
|4||Via an app||Cash|
|5||By Phone||By phone|
|Source: The AA|
Jack Cousens, head of roads policy for the AA, said: 'For now, cash remains king when paying for parking, however, a speedy transition to an increasingly cashless society is paving a way that could threaten to lock older drivers and low income households out of their town centre.
'Many households prefer to physically see their budgets and doing so gives them a heightened sense of how much their cash can go.
'Removing cash parking machines from town centres can have a knock on effect to the local economy as would be shoppers decide to take their business elsewhere.
'With parking income the equivalent of three quarters of council tax revenue for some authorities, Council Leaders will not want to lose a valuable source of funding.
'Considering the low levels of support for pay by phone options, councils could drop this option altogether but won't as many add transaction fees to the hourly rate which help boost their coffers.'
The results were based on a survey by AA conducted in July this year of over 14,000 respondents.