Electric Car Running Costs

A new electric car will generally be more expensive to buy or lease, but you can save money during the lifetime of using the car through reduced running costs. Second hand electric cars can offer excellent value for money and can be cheaper from day one. Pure electric cars are charged £0 a year Vehicle Excise Duty (VED), whereas a new petrol or diesel car is charged £140 a year. Higher rates apply if the car costs more than £40,000 when new.

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