One fifth of smokers will switch to E-Cigarettes by 2030

  • September 30, 2013
  • Stephen Parkinson

A report from a North Carolina based newspaper has stated how by 2030, more than 20% of current smokers will have completely switched to electronic cigarettes, resulting in massive losses for the tax man, tobacco companies and pharmaceutical companies who make billions on nicotine replacement therapy.

State governments in the USA receive a substantial amount of money in the form of taxes and settlements from the tobacco industry, and as the e cig industry grows larger and larger this will reduce more and more, leaving the US government with a decision that, one way or another, has to be decided: which is more important, public health or tax revenue.

The situation in the UK is similar, as with other European countries, where the same question will eventually have to be answered, and although most would expect the government to choose taxes and ban electronic cigarettes, there are a number of reasons why a cut down in tobacco use would not only increase the overall health status of the population but also help the economy...

The UK GDP (growth rate) has been considerably lower than estimates suggested and is due mainly to consumers tightening their spending. Now consider that the average smoker spends £180 a month on cigarettes, a switch to ecigarettes would save them around £150 of that cost with the right brand, allowing the consumer to loosen their budget and spend more on other things. This would cause an increase in demand and production, boosting the economy and raising the GDP

The NHS currently spends around £5bn a year treating tobacco related illnesses. Consumers switching to ecigs would result in less smoking diseases, freeing up a lot of money and resources which can be used on better things such as more staff and hospital maintenance.

It's clear that e cigs are more beneficial to the economy than not, and with the possible regulation of the industry up for review by the European Commission in a couple of weeks, we only hope they agree.