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2017 was a landmark year for electric and plug-in hybrid cars, with a record 46,522 bought in the UK*. And with experts estimating that 60,000 low-emission vehicles will be registered in 2018, should yours be one of them?
Electric vehicles (EVs) have really come into their own in recent years. Previously plagued by doubts over their range, charge time and the sparseness of charging stations, the above figures show that these worries have now been firmly put to bed. But why should you make the switch
1. They are cheaper to run
Electricity is far cheaper than petrol or diesel, which instantly brings down your monthly fuel budget. The cost of electricity is also much more consistent than petrol, which has proven extremely volatile in recent years. 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**. While the cost of a full petrol/diesel tank varies from car to car, we’re sure you’ll agree that £3.64 is hard to beat!
2. They benefit from purchase incentives
Not only are electric vehicles cheaper to power, but new models also benefit from government grants upon purchase^. Due to their impressive environmental credentials, the government are encouraging buyers to make the switch by dangling the carrot of generous purchase incentives. The grants can offer a discount of up to £3,000 for eligible pure electric cars. There is also an OLEV Grant providing £500 towards installing a home charging points, plus significant tax incentives.
3. They are cheaper to maintain
On top of cheaper “fuel” and tax, the general maintenance of electric cars is also much more bank account-friendly. The complex makeup of traditional internal combustion engines make them more prone to faults over time, whereas electric cars have fewer moving parts – meaning less maintenance and replacement parts are required. And not to mention the eradication of oil changes…!
4. They are better for the environment
Although it may be obvious, the fact remains that pure electric cars produce substantially lower greenhouse gases than petrol or diesel cars. Obviously, some emissions are created from generating the extra electricity for running these EVs, but this still has less of a negative impact of the environment than running petrol and diesel motors.
5. No more trips to the petrol station
Charge your electric car like you would your smartphone or laptop – simply plug it in when you get home from work and it’s ready to go the next day. Powering up an electric car is more convenient than ever, and saves those last-minute trips to the petrol station on the way to work – along with ever other commuter!
Whatever your question or feedback we are here to help. So please feel free to contact us.
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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 (FCA) (our registration number is 688450. Permitted activities include acting as a credit broker not a lender.
As an FCA regulated credit broker we can introduce you to a selected group of lenders / brokers (see below) who may be able to help you finance your purchase. This group of lenders / brokers provides us with a range of products which may be suitable for your purchase. We will explain the key features of those products to you.
Volkswagen Financial Services (UK) Limited, Evolution Funding Limited, Santander Consumer (UK) plc, Honda Finance Europe PLC, CA Auto Finance UK Ltd, Suzuki Financial Services Limited, Volkswagen Financial Services (UK) Limited, Hyundai Capital UK Limited, Stellantis Financial Services Uk Limited, Toyota Financial Services (UK) PLC, FCE Bank Plc,
We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products, we act as their agent for this introduction. We are not an independent financial advisor; we will provide details of products available. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation.
We do not charge you a fee for our services. we will typically receive commission from whichever lender we introduce you to (either a fixed fee or a fixed percentage of the amount you borrow).
Unless we consider it to be inappropriate given your personal circumstances, for certain vehicles e.g. New, our approach is to introduce you to the lender who are usually able to offer the best available package for you, taking into account interest rates, residual valuations (where applicable) and other contributions. If they are unable to make you an offer of finance, or the vehicle is not one that we would normally place with them we will introduce you to other lenders on our panel. The lender we introduce you to and available rates will depend upon a number of factors including: the vehicle, your personal circumstances and the likelihood of a lender to accept an application based on information provided.
Lenders typically pay a commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions; some lenders may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you would like to know the amount of any remuneration we have received from the finance provider, please ask us.
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.
