Are electric cars still expensive?

Can I afford an electric car? 

When electric cars first launched they were pricey. There were only a few on the market so those limited numbers and expensive batteries kept the cost up. But that’s all changing. Batteries are far cheaper and as more electric cars come on the market it’s driving the price down.

You’ve probably noticed more car manufacturers getting in on the electric car act. And along with early electric car pioneers like Tesla launching more affordable drives, it means more variety and the chance for you to find something that suits your budget.  

The tech is getting better all the time and prices are gradually dropping. But new electric cars aren’t quite as cheap to buy as their petrol or diesel equivalents.  

How much can I expect to pay for an electric car? 

If you’re after a new electric car, a supermini like a Fiat 500e Hatchback 24kWh starts at £22,335.

Or, if you need something a bit bigger, a Hyundai KONA Electric 64kWh is available from £35,050.

And if you think a Tesla Model 3 is more your style, these start at £45,990.

Prices supplied May 2022. You can compare the prices of new and second-hand electric cars on the Electric Vehicle Database

Will I save cash in other ways?  

There’s more than just the price-tag to consider, though. 

  • You won’t pay any car tax on an electric car
  • Maintenance costs are lower 
  • Some car dealers offer cheaper servicing for electric cars
  • You’ll save money on fuel
  • You can easily save over £1,000 a year on running costs (and even more if you pay congestion charges in areas like Central London).  

If you don't want to buy new, you could always look for a used electric car. You can pick up a second-hand 2011 Nissan LEAF for just over £6,000 on AutoTrader (May 2022).