A new electric car will generally be more expensive to buy or lease than a petrol or diesel equivalent, but you can save money during the lifetime of using the car through reduced running costs.
Electric cars can be one-fifth of the cost of a petrol car in terms of fuel use.
Electric cars are much cheaper to service and maintain than petrol or diesel cars because they have very few components compared to conventional internal combustion engined cars. Therefore, perhaps not surprisingly, electric cars are also proving to be reliable.
Vehicle Excise Duty
Pure electric cars are charged £0 a year Vehicle Excise Duty (VED), whereas a new petrol or diesel car is charged from £140 a year. Higher rates apply if the car costs more than £40,000 when new.
Second hand electric cars can offer excellent value for money and can be cheaper from day one.