How much does it cost to run an electric car?

How much can I save if I drive electric? 

Switching to an electric car isn’t just easier on the environment, it’s easier on your pocket, too. For tax, maintenance and fuelling it up, the electric car wins every time.

We’ve crunched the numbers and if you drive 12,000 miles a year in a typical electric car, you’ll save about £1,300 in fuel, tax and maintenance than a similar diesel or petrol car. And the more you drive, the more you’d save. 

Charging costs 

If you fill up a 50mpg petrol car at £1.27 a litre that works out at roughly 11.55p for every mile you drive. 
 
An average electric car can do around 4 miles p/kWh, so for a family car like a Volkswagen ID.3, charging is much cheaper: 

  • Charging at home (using an off-peak tariff of 5p/kWh): 1.25p a mile 
  • Charging at home (using a standard tariff of 15p/kWh): 3.75p a mile 
  • Charging when you’re out and about (generally between 20-40/kWh): 5-10p a mile (but most people tend to charge at home usually) 

What about car maintenance costs?  

Taxing your electric car: Free. Nothing to pay at all.  

  • Like most new cars, electric cars rarely break down. And you don’t wear down brake pads as quickly. 
  • Tyre wear is about the same as petrol or diesel cars.  
  • Service costs are often cheaper for electric cars because they have fewer moving bits. 

If you’re not a numbers person, the message is simple: electric cars are cheaper to run than similar petrol or diesel ones.

How do I buy an electric car?

There are three ways to get hold of an electric car: buy one outright, lease one, or lease one with the option of buying it when your contract ends.
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