Electric Vehicles

About EV's



The costs of running an electric car

If you’re thinking of driving an electric car, the upfront or monthly leasing cost can be higher than an equivalent petrol or diesel model. However, in most other regards an electric vehicle (EV) will be cheaper to run, which potentially adds up to large savings over time.

The electric motors, batteries and transmission of electric vehicles have many fewer moving parts than those of a petrol or diesel car, and this means you can save money, as they are cheaper to maintain and repair. EV batteries also have long warranties – usually eight years – which tends to be more than the warranty for the car itself. Despite their relative simplicity versus a combustion car, EVs do still need regular servicing, though. As they are heavier, tyres and suspension parts may wear out more quickly.

Costs of Running an EV vs a petrol car (price from November 2021)
Vehicle Nature
VW ID.3 58kWh
Nature
VW Golf 1.5 TSI 150
Price £28,435 (including PICG) £25,080
Lease (month) £308 £288
VED £0 £180 (first year)
BIK 1 percent 29 percent
Fuel £428.30 (1) £1,575.28 (2)
Pence/mile 4p per mile 13p per mile
Servicing £432.22 (3) £386.16 (4)
Depreciation (after 3 years) 46 percent 40 percent

Tesla Model Y Vs. Volkswagen ID.4. Comparison