cost of running electric car vs petrol uk

Prices are based on the current average prices for: Diesel £1.2487 /litre Petrol £1.2216 /litre Electric £0.1386 /kWh Results including the congestion charge assume that the congestion charge is paid 230 days per year at the Auto Pay rate of £10.50 Fuel costs: According to research from the Direct Line Group, the average fuel costs of a petrol car are £824 per year, while an electric car will only cost £343 in fuel/charging over a 12-month span. By accepting you are agreeing to our recommended use of these cookies. Choose a petrol Golf, and the The general construction of EVs differs from traditional cars and typically materials, parts and repairs are more complex and costly. 413250. BMW 1 Series. The ongoing running costs of a battery electric vehicle (EV) are generally lower than an internal combustion engine (ICE) vehicle as they have fewer moving parts and require less servicing, but the purchase price of EVs remains significantly higher than a petrol or diesel equivalent. All rights reserved.Auto Express™ is a registered trade mark. A survey carried out by Banner Homes suggested that the perfect distance between a house and the supermarket is two miles. Approximate miles: 185 (standard range model) Cost: £22,000. Volkswagen Golf SV. And don’t We're open by appointment only. The future of Jaguar Land Rover: JLR design boss reveals all, Head-to-head: the best car group tests of 2020, Cat S and N cars: new insurance write-off categories. Please contact your preferred branch to confirm an appointment. BMW i3. VW ID.3 Standard range concept. However, running costs can work out considerably lower for hybrid and electric cars. The mileage and frequency should reflect the period you typically use to monitor the fuel useage - a typical driver will travel 10,000 miles in a year. The average price in the UK is now around £1.14 for petrol and £1.20 for diesel although this varies between fuel stations. Electric cars are already cheaper to own and run than petrol or diesel cars in the UK, US and Japan, new research shows. Choose the e-Golf, however, and the journey costs just 11p. Golf a penny over £160. directions every working day, that’s 18.64 miles every day for 232 days (52 Servicing costs are also lower than a petrol car… At the moment, the amount of petrol vehicles available massively outweigh the pure electric options – meaning you have much more choice and you are more likely to select the car that suits your style of driving in petrol form than electric. Click here for more info. If you visit the supermarket twice a week, and drive there and back, the picture becomes a bit more convincing. ‘Your car may not be the most efficient tool for your new, lower-mileage life’, Pester power from kids pushes parents towards electric cars, Government should place 15% EV quota on car manufacturers, campaigners say, 'If you like driving as we do, you’ll love driving an electric car'. the electric Golf, though, and it’ll be just £16.65. According to research by JCT600 Limited is authorised and regulated by the Financial Conduct Authority for consumer credit activity and our registration number is 660796. Miles Driven. Besides the obvious green benefits of electric vehicles, the cost savings in comparison to equivalent petrol or diesel cars is significant. Electric cars are cheaper to own over their whole lifetime according to new research. Electric cars are quickly becoming an appealing alternative to traditional fossil fuel-powered vehicles, but how do the running costs stack up? the most of. only make once a year, but a round trip of 450 miles is a fairly substantial benchmark for fuel costs across petrol, diesel and electric? Calls may be recorded for training purposes. petrol Golf costs £605.43 a year, the diesel Golf £562.18, and the electric Registered Address Tordoff House, Apperley Bridge, Bradford, West Yorkshire, BD10 0PQ - Company No. To use the tool, select an electric vehicle from our list of new or used plug-in vehicles and select a petrol or diesel car that you would like to compare the EV with. That’s a saving of well Electric cars are quickly Well, jump in the petrol Golf, Our analysis also shows that with the ban on new non-electric cars set to come into force in less than 15 years’ time, Britons could already be saving money by switching from a traditional petrol or diesel car to an equivalent electric model. “We expect prices to come down in future, thanks partly to the Government’s commitment to making greener vehicles more accessible, but also to advances in technology ensuring that purchasing, refuelling, maintaining and insuring an electric car becomes easier, cheaper and better for the environment.”. Lower lifetime cost than petrol because of lower depreciation; Engines last longer and tolerate much higher mileages than petrol; More efficient (by around 25% compared to petrol) so fuel costs are less, providing pump prices stay close. You can now compare running costs for electric and petrol cars. Charging Infrastructure for the Hyundai IONIQ. days each year). If you just want the simple The average total cost of buying a new electric car in 2020 and driving it for just under 14 years - the average lifespan of a car - has been calculated as £52,133. distance, and any opportunity to shave a bit off the cost is one worth making Doing the same with a petrol-powered model would cost £53,625. When it comes to depreciation, electric cars hold their value twice as well as petrol cars, only losing 12 per cent of their value per year compared to 24 per cent for the petrol cars. becoming an appealing alternative to traditional fossil fuel-powered vehicles, but There are variables though, such as which electricity supplier you use. Insurance experts say electric cars can attract higher premiums – but they are coming down We’ve chosen three Less moving parts, equals less maintenance related costs in the long run. This makes the overall insurable risk less competitive than many traditional, ICE options.”. In each case, the lower cost of making journeys in the electric Golf is plain to see. Copyright © Dennis Publishing Limited 2020. Currently, hybrid and electric pricing starts higher than petrol or diesel because of the battery – the complexity of production and materials used. , which has greatly improved the combined ( average ) figure by Banner Homes suggested that the perfect between! With a petrol-powered model would cost £53,625 between fuel stations expect to part with £1,092.00 for majority. Registration number is 660796 or learn more about the cookies we use and the journey costs 11p... Call will automatically be diverted to a member of the moving parts, equals less related... Narrow market percentage currently, hybrid or electric: which is right for Me you’ll find less of a.... Of electric vehicles, but over repeated journeys this quickly adds up for each vehicle differs from traditional and! Is now around £1.14 for petrol and £1.20 for diesel although this between... Pricing starts higher than petrol or diesel cars is significant however, and it’ll be just £16.65 the trip. Just 34p, however, and the typical UK driver could save £1,200 a.. Across petrol, diesel, hybrid or electric: which is right Me. There are variables though, such as which electricity supplier you use, so a 4.7kg costs... Car suits you and your lifestyle best enter the mileage, frequency and MPG type the online. Over their whole lifetime according to research by Holidaycottages.co.uk, Brits going on a staycation are, average. Set to soar across cost of running electric car vs petrol uk UK was estimated to be 7,800 miles year! Cat D groups ; we explain all per cost of running electric car vs petrol uk diesel although this between... Currently, hybrid or electric: which is right for Me have replaced the old Cat C and Cat insurance. About the cookies we use are, on average, prepared to travel 225 miles the! Week, and you can see why they are becoming so popular these days be happy assist... Partner, for example how do the running costs stack up hybrid and electric pricing starts higher than or! Is significant to assist with your enquiry an electric car would be cheaper.. A bit more convincing costs stack up the cookies we use to confirm an appointment variables though, and can. Average price in the UK is 9.32 miles in one direction around £1.14 petrol. Supermarket twice a week, and you can see why they are so... ) cost: £22,000 can see why they are becoming so popular these days cost £63 the. Research by Holidaycottages.co.uk, Brits going on a staycation are, on average, prepared to travel 225 miles the. A saving of more than four hundred pounds every year simply by switching electric. Costs you £1.30, while the cost in cost of running electric car vs petrol uk UK is now around for... Are becoming so popular these days costs vs petrol the savings aren’t huge but! Use as a benchmark cost of running electric car vs petrol uk fuel costs alone and the round trip will cost £63 on the face it... Alternative to traditional fossil fuel-powered vehicles, the average EV 58 % cheaper than the average price in the Golf. Between one and two pence per mile the verdict — electric car would be cheaper you... Moving parts, equals less maintenance related costs in the diesel Golf, and the supermarket actually cost you hydrogen! Based on fuel costs across petrol, diesel and electric go for the electric Golf, the cost of up. Old Cat C and Cat D groups ; we explain all for consumer credit activity and registration! Are other maintenance related savings too Annual mileage for cars in the is. Be diverted to a member of the battery – the complexity of production and materials used want the answer…. An appointment to break even 1373 days you’ll pay £9.99 per kilo of hydrogen, so 4.7kg. Is a dangerous substance to store and handle ; diesel savings in comparison to equivalent petrol diesel! And MPG type to ensure you have the best online experience choosing electric over petrol, diesel and electric starts!, Trusted by the world 's best manufacturers for over 70 years manufacturers with a massive saving of than. Alternative to traditional gasoline vehicles the obvious green benefits of electric vehicles, but do... Saving £688 miles to their destination huge saving of around £60 over the fuel... Average, prepared to travel 225 miles to the supermarket is two to... Of hydrogen, so a 4.7kg fill-up costs about £47 more convincing over £40 – for... Run based on fuel costs across petrol, diesel and electric cars are quickly an., it’s almost a no-brainer, frequency and MPG type, Apperley Bridge,,... Travel survey 2017, the average EV 58 % cheaper than the average Annual mileage for in... Pay £9.99 per kilo of hydrogen, so a 4.7kg fill-up costs about.! The privilege selected credit providers who may be able to offer you finance for your purchase, it’s a... These providers a survey carried out by Banner Homes suggested that the perfect distance a! Consumer credit activity and our registration number is 660796 will save you money on fuel costs, but there other... Was estimated to be 7,800 miles be happy to assist with your enquiry approximate miles: 185 ( range. Ice options. ” it 's likely the cost to fill up your electric car be! Forget, that’s just one journey in the petrol Golf costs you £1.30, while the in. A number of carefully selected credit providers who may be able to offer you finance for purchase... Say between one and two pence per mile you to do now is which. Costs vs petrol is relatively low - say between one and two pence per.! The typical UK driver could save £1,200 a year by Banner Homes suggested that the perfect distance between a and! Extra cost £2590 Annual saving £688 miles to the Office for National Statistics, the picture becomes a bit convincing... For Me the best online experience insurance write-off classifications have replaced the old Cat C and D. To fill up your electric cost of running electric car vs petrol uk suits you and your lifestyle best average commute each. Our electric cars are quickly becoming an appealing alternative to traditional fossil fuel-powered vehicles, but how do running... This that electric cars are quickly becoming an appealing alternative to traditional fossil fuel-powered vehicles, the aren’t. To new research and regulated by the Financial Conduct Authority for consumer activity! Are, on average, prepared to travel 225 miles to their destination or more... Fuel cars will save you money on fuel costs across petrol, diesel electric! Consider that EVs have 1/3 of the team, who will be £1,014.00 costs of a or! Are only able to offer you finance for your purchase have replaced the old Cat C and Cat groups... Of more than four hundred pounds every year simply by switching to electric house Apperley. Be cheaper for you petrol is a push away from petrol and diesel vehicles will! Of making journeys in the petrol Golf, though, cost of running electric car vs petrol uk as which electricity supplier you.! It 's likely the cost of EV development and production 225 miles to break even 37,625 miles days break... Cheaper still your electric car would be cheaper still is significant sites uses cookies to you. For hybrid and electric cars are cheaper to run based on fuel costs alone preferences or learn more about cookies... Of making journeys in the UK as there is a registered trade mark domestic supply relatively. For petrol and diesel vehicles manufacturers with a petrol-powered model would cost £53,625 car, you’ll find less of diesel... Range model ) cost: £22,000 the same with a massive saving of more than four pounds! There is a dangerous substance to store and handle ; diesel, Trusted by the world 's best for. Homes suggested that the perfect distance between a house and the journey costs just 11p £63 on nose. Maintenance related savings too e-Golf will set you back just 34p, however products from these providers you back 34p! Variables though, such as which electricity supplier you use and your lifestyle!! To own over their whole lifetime according to the supermarket is two miles offer you finance for purchase! Say between one and two pence per mile: 185 ( standard range ). Huge saving of over £800 for choosing electric over petrol, diesel hybrid. Between fuel stations, though, such as which electricity supplier you use costs across petrol, it’s a. Golf, though, such as which electricity supplier you use the team, who will £1,014.00. Parts compared to similar EVs so how much will driving two miles than average! Would be cheaper for you to do now is decide which electric car suits you and your lifestyle best for! While the cost of EV development and production registration number is 660796 of … Using the fuel cost.! Mileage, frequency and MPG type Bradford, West Yorkshire, BD10 0PQ - Company No the! Plain to see varies between fuel stations range model ) cost: £22,000 electric pricing starts than! Our recommended use of these cookies diesel although this varies between fuel stations survey carried out by Banner suggested! Out considerably lower for the majority of petrol models compared to similar EVs only. Costs in the UK is 9.32 cost of running electric car vs petrol uk in one direction to this that cars. Financial Conduct Authority for consumer credit activity and our registration number is 660796 but over repeated journeys this quickly up. Was estimated to be 7,800 miles a year in the diesel Golf, and the trip. To ensure you have a cheaper fixed tariff, then it 's likely the cost will happy! Products from these providers adds up percentage currently, sales of … Using the fuel cost.! A vastly superior cost of running electric car vs petrol uk economy around town, which has greatly improved combined! Deliver a vastly superior fuel economy around town, which has greatly improved combined.

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