Heading
Close X
Menu
We all know that electric zero carbon-emitting vehicles are kinder to the environment, but did you know that they can also be very good for your bank balance, too?
Although EVs are generally more expensive to buy than their petrol- and diesel-guzzling counterparts, this is largely offset by their lower running costs. Given these potential savings over their lifetime, pure electric cars – i.e. vehicles powered solely by a battery charged by mains electricity – are becoming more and more viable.
Firstly, electricity is a fraction of the cost of petrol or diesel, which instantly has a positive effect on your monthly fuel budget. Pod Point estimates that charging at home costs approximately £3.64 for a full charge, and rapid charging stations (found at motorway service stations) typically cost £6.50 for half an hour.* The £3.64 at-home charge will typically give an average range of 100 miles, making it four times lower than that of petrol or diesel cars that cost up to £16 for 100 miles according to the Energy Saving Trust.**
The price of electricity is also much more consistent than petrol, which has proven extremely volatile in recent years. At-home is undoubtedly the cheapest charging method – especially for owners who have access to an off-peak overnight electricity tariff. There is also an OLEV grant providing £500 towards installing a home charging point to take advantage of.
And it’s not just cheaper to keep your vehicle’s power topped up. Electric vehicles also benefit from a number of attractive incentives, keeping running costs lower than petrol equivalents. Zero-emission vehicles qualify for the lowest band of car tax, and are therefore tax-free. Furthermore, the Ultra Low Emission Discount Scheme (ULED) exempts electric vehicles from paying the London Congestion Charge, which can significantly reduce the cost of commuting in the capital.
Whatever your question or feedback we are here to help. So please feel free to contact us.
Immerse yourself even deeper. Visit our social channels.
Johnsons Cars Limited is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486) and which is permitted to advise on and arrange general insurance contracts as an intermediary.
Johnsons Cars Limited is authorised and regulated by the Financial Conduct Authority for consumer credit activity and our registration number is 688450. Permitted activities include acting as a credit broker not a lender. We can introduce you to a limited number of finance providers. We do not charge a fee for our Consumer Credit services. We do not act as a financial adviser, or fiduciary. We act in our own interest, whichever lender we introduce you to, we will typically receive commission from them based on either a fixed fee or a fixed percentage of the amount you borrow. Any and all commission amounts will be fully disclosed to you as part of your sales journey. You will be required to give your fully informed consent to our receipt of this commission. By doing this, you acknowledge that you understand our role as a credit broker, and that we will receive a financial incentive if you take out a loan from a lender that we introduce you to.
All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over, Guarantees may be required. View our full finance disclosure.
