cost of running electric car vs petrol uk

Cost of running an electric car vs a petrol car Figures based on three years of ownership, and covering 12,000 miles annually Source: Thatcham Research, KeeResources & manufacturer data. With a massive saving of over £800 for choosing electric over petrol, it’s almost a no-brainer. The Car Running Costs Comparison tool also provides a quick and easy way to view CO2, MPG and VED data, as well as fuel costs, for all new cars. Golf a penny over £160. The average total cost of buying a new electric car in 2020 and driving it for just under 14 years - the average lifespan of a car - has been calculated as £52,133. The lower cost is a key factor driving the rapid rise in electric car … answer… electric cars are much cheaper to run based on fuel costs alone. Mike Rutherford thinks now is the perfect time to re-evaluate your modes of transport, More than half of UK children want their parents to make the switch to an electrified car, Global Action Plan and FIA Foundation claim 59 per cent of two-car families could run an electric car without any hindrance, Editor-in-chief Steve Fowler thinks a fully-electric driving experience will surprise some car enthusiasts. The data - which comes from Direct Line Group and is based on a comparison of five electric car models and their petrol equivalents available to buy new in 2020 - also shows annual Vehicle Excise Duty, MoT and servicing costs are 49 per cent lower on average for EVs than they are for the similar petrol models. Electric cars are already cheaper to own and run, says study This article is more than 1 year old Petrol and diesel vehicles cost more over four years in UK and four other European nations days each year). According to research by Electric vs Petrol and Diesel Cars . Compared with the 1.2 petrol A3 Sportback, the Nissan Leaf is £2590 more expensive to buy and takes a around 37,625 miles to break even or 1373 days. Do you think an electric car would be cheaper for you? Recharging an EV is 58 per cent cheaper than refuelling a petrol car, but one area where petrols do tend to be cheaper, though, are insurance costs, with electric cars 25 per cent more expensive to get insurance cover on. Using the fuel cost calculator. This sites uses cookies to ensure you have the best online experience. benchmark for fuel costs across petrol, diesel and electric? The mileage and frequency should reflect the period you typically use to monitor the fuel useage - a typical driver will travel 10,000 miles in a year. In the diesel, it’ll be £58.50. VW ID.3 Standard range concept. Our core opening hours are listed below, but please visit our dealership directory to find the opening hours and contact number of your local branch. Consider that EVs have 1/3 of the moving parts compared to traditional gasoline vehicles. becoming an appealing alternative to traditional fossil fuel-powered vehicles, but Go for Fuel costs: According to research from the Direct Line Group, the average fuel costs of a petrol car are £824 per year, while an electric car will only cost £343 in fuel/charging over a 12-month span. Choose a petrol Golf, and the And On the face of it, the savings aren’t huge, but over repeated journeys this quickly adds up. Under those circumstances, the petrol Golf would cost £87.36 across a full year, and the diesel Golf £81.12 a year, while trips in the electric Golf would cost just £23.09. For more information on electric cars… So how much will driving two miles to the supermarket actually cost you? Gerry McGovern’s new role is helping to define JLR brands, not just the look, while encouraging designers to think big and dream... Every month we perform a series of car group tests - these were the best ones of 2020. If you have a cheaper fixed tariff, then it's likely the cost to fill up your electric car will be cheaper still. “We expect prices to come down in future, thanks partly to the Government’s commitment to making greener vehicles more accessible, but also to advances in technology ensuring that purchasing, refuelling, maintaining and insuring an electric car becomes easier, cheaper and better for the environment.”. However the price is still very expensive in comparison to electricity and thus makes up the majority of the cost of running a petrol or diesel vehicle. Add to this that electric cars are virtually maintenance-free, and you can see why they are becoming so popular these days! Please contact your preferred branch to confirm an appointment. While Mr. Burns still has to drive to the petrol … Copyright © Dennis Publishing Limited 2020. Audi A3 Sportback 1.2 TFSI SE. same journey in the e-Golf will set you back just 34p, however. Holidaycottages.co.uk, Brits going on a staycation are, on average, prepared to At the moment, the amount of petrol vehicles available massively outweigh the pure electric options – meaning you have much more choice and you are more likely to select the car that suits your style of driving in petrol form than electric. The While electric cars represent a very narrow market percentage currently, sales of … Registered Address Tordoff House, Apperley Bridge, Bradford, West Yorkshire, BD10 0PQ - Company No. Electric car ownership is set to soar across the UK as there is a push away from petrol and diesel vehicles. Example vehicle cost comparison figures based on annual mileage of 10,000 miles. over £40 – enough for a meal out with your partner, for example. Even including the sometimes high initial purchase cost of electric models, they are more cost effective than their petrol equivalents over the long term, but the difference isn’t huge. how do the running costs stack up? Choose the e-Golf, however, and the journey costs just 11p. when you factor in maintenance costs, electric starts looking like an even more If you take the purchase price out of the equation, annual running costs - including refuelling/recharging, insurance, road tax, MoTs and servicing - work out at £1,742 per year for an electric car, 21 per cent less than the £2,205 you’d pay for an equivalent petrol model. To use the tool, select an electric vehicle from our list of new or used plug-in vehicles and select a petrol or diesel car that you would like to compare the EV with. travel 225 miles to their destination. The general construction of EVs differs from traditional cars and typically materials, parts and repairs are more complex and costly. The electric version of the Volkswagen Golf costs £424 in servicing over three years, compared to £1,245 for the petrol version, according to greencarguide.co.uk. The Journey Cost Calculator can be used to compare the costs of driving an electric vehicle on your typical journey with that of driving a petrol or diesel car. PROS. In each case, the lower cost of making journeys in the electric Golf is plain to see. ‘Your car may not be the most efficient tool for your new, lower-mileage life’, Pester power from kids pushes parents towards electric cars, Government should place 15% EV quota on car manufacturers, campaigners say, 'If you like driving as we do, you’ll love driving an electric car'. There are variables though, such as which electricity supplier you use. On that basis, commuting in the will cost 39p. An electric or hybrid vehicle is a better choice than a petrol or diesel car for 34m Britons based on how far and often they drive, fuel calculator claims Fuel … Switching to an electric vehicle will save you money on fuel costs, but there are other maintenance related savings too. For annual miles driven, we went with 15,000—the de facto average mileage stat for … According to the Office for National Statistics, the average commute in the UK is 9.32 miles in one direction. Petrol is a dangerous substance to store and handle; Diesel. By accepting you are agreeing to our recommended use of these cookies. Insurance experts say electric cars can attract higher premiums – but they are coming down BMW i3. Travelling 9.32 miles in the Click here for more info. When it comes to depreciation, electric cars hold their value twice as well as petrol cars, only losing 12 per cent of their value per year compared to 24 per cent for the petrol cars. Calls may be recorded for training purposes. For example, when you compare the Volkswagen Golfto its e-Golf sibling, the standard Golf is £9,000 cheaper t… the most of. Anca Young, insight and intelligence manager at Thatcham Research, commented: “Although the cost of lithium-ion batteries used in EVs is reducing, they remain more expensive than conventional internal combustion engine (ICE) powertrains and are therefore generally more expensive to purchase. Electric cars are cheaper to own over their whole lifetime according to new research. In the National Travel Survey 2017, the average annual mileage for cars in the UK was estimated to be 7,800 miles. But interestingly, when comparing the running costs of a diesel or petrol car, you’ll find less of a difference. Well, jump in the petrol Golf, models with similar performance – the key stats are summarised in the table below: Please note: The price per unit of fuel is based on UK average at the time of writing; any significant changes in fuel price will have a direct impact on cost per mile, and overall journey cost. The cost of charging up an electric car from a domestic supply is relatively low - say between one and two pence per mile. Charging Infrastructure for the Hyundai IONIQ. In the battle of electric vs petrol vs diesel, we’ve calculated the exact cost of three different journeys, with help from the incredibly useful Journey Cost … The verdict — electric car running costs vs petrol . All that’s left for you to do now is decide which electric car suits you and your lifestyle best! And don’t Electric cars are already cheaper to own and run than petrol or diesel cars in the UK, US and Japan, new research shows. Servicing costs are also lower than a petrol car… petrol Golf costs £605.43 a year, the diesel Golf £562.18, and the electric In 2018, the Volkswagen Golf was the second-best-selling car of the year, and the Golf has cemented its place as a firm favourite in the hatchback segment with motorists of all ages. In 2020, the average lifetime running costs - including purchase price - for an electric car is £52,133, while an equivalent petrol model is £53,625. That’s a huge saving of more than Opening hours may vary regionally. Calculate the cost of a journey here to … We’ve chosen three Jaguar I-PACE. So what better car to use as a forget, that’s just one journey in one direction. List Price: £74, 425.00: £37, 740.00 Nissan Leaf comparison Initial extra cost £2590 Annual saving £688 Miles to break even 37,625 miles Days to break even 1373 days. A survey carried out by Banner Homes suggested that the perfect distance between a house and the supermarket is two miles. above, there are clearly significant savings to be made by switching to … electric – so let’s look at the numbers over 12 months. Diesel might cost more per litre at the pump, but currently a diesel car's fuel costs will be cheaper than the equivalent petrol car. How to Increase Electric Car Range: Get the Maximum Miles from your EV, According to the Office for National Statistics, which electric car suits you and your lifestyle best, JCT600 Kids’ Activity Pack | Christmas Edition, JCT600 reviews… the Mercedes-Benz A250e, Home Delivery and Order & Collect at JCT600, Automotive Web Site by Bluesky Interactive. four hundred pounds every year simply by switching to electric. That’s a saving of well Approximate miles: 185 (standard range model) Cost: £22,000. We're open by appointment only. Disclosure JCT600 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. the electric Golf, though, and it’ll be just £16.65. Lower lifetime cost than petrol because of lower depreciation; Engines last longer and tolerate much higher mileages than petrol; More efficient (by around 25% compared to petrol) so fuel costs are less, providing pump prices stay close. vehicles, and electric vehicles (EVs) have fewer fluids to change, and far Petrol, Diesel, Hybrid or Electric: Which is Right for Me? Volkswagen e-Golf. In the battle of electric vs petrol vs diesel, we’ve calculated the exact cost of three different journeys, with help from the incredibly useful Journey Cost Calculator on ZapMap. That makes the average EV 58% cheaper than the average petrol car. working weeks of five days, less the UK statutory entitlement of 28 holiday Doing the same with a petrol-powered model would cost £53,625. While electric cars are around £8,000 more expensive than a diesel or petrol one, the government offers a £5,000 grant towards the cost of the car, and will help to … Electric cars are quickly becoming an appealing alternative to traditional fossil fuel-powered vehicles, but how do the running costs stack up? The ongoing running costs of a battery electric vehicle (EV) are generally lower than an internal combustion engine (ICE) vehicle as they have fewer moving parts and require less servicing, but the purchase price of EVs remains significantly higher than a petrol or diesel equivalent. Assuming you commute in both You can now compare running costs for electric and petrol cars. If you just want the simple Miles Driven. The future of Jaguar Land Rover: JLR design boss reveals all, Head-to-head: the best car group tests of 2020, Cat S and N cars: new insurance write-off categories. “There’s movement towards greater collaboration between vehicle manufacturers with a view to reducing the cost of EV development and production. Factor in average fuel costs alone and the typical UK driver could save £1,200 a year. petrol Golf costs you £1.30, while the cost in the diesel Golf is £1.21. Your call will automatically be diverted to a member of the team, who will be happy to assist with your enquiry. A more useful Mirai gauge involves measuring the fuel cost per mile and comparing it with, say, a 40mpg petrol car. Running costs: Electric vs diesel vs petrol The cost to charge an electric car should be considerably less than to fill up a car with an internal combustion engine, simply because electricity is cheaper than petrol or diesel. attractive option – brake systems tend to last longer than on conventional distance, and any opportunity to shave a bit off the cost is one worth making Less moving parts, equals less maintenance related costs in the long run. round trip will cost £63 on the nose. Currently, hybrid and electric pricing starts higher than petrol or diesel because of the battery – the complexity of production and materials used. only make once a year, but a round trip of 450 miles is a fairly substantial Or see our electric cars available to buy right now! As you can see, the cost of running an electric car is far cheaper than a petrol car – and cheaper still than a diesel car. directions every working day, that’s 18.64 miles every day for 232 days (52 In the diesel Golf, the cost will be £1,014.00. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. 413250. So let’s look at the cost of that average commute for each vehicle. Neil Ingram, head of motor product at Direct Line, added: “It is an exciting time for electric vehicles, with a record number of these licenced cars on Britain’s roads last year. BMW 1 Series. Such is the variety in the Golf range now, that Volkswagen actually produce a version with each of the three primary fuel types – petrol, diesel, and electric. Our analysis also shows that with the ban on new non-electric cars set to come into force in less than 15 years’ time, Britons could already be saving money by switching from a traditional petrol or diesel car to an equivalent electric model. Besides the obvious green benefits of electric vehicles, the cost savings in comparison to equivalent petrol or diesel cars is significant. However, a petrol car would cost around £10 or 10p per mile if fuel cost £1.24 per litre and we assume the UK’s average new car fuel consumption in 2018 was 50.5 miles-per-gallon for petrol cars. It might be a journey that you The average total cost of buying a new electric car in 2020 and driving it for just under 14 years - the average lifespan of a car - has been calculated as £52,133. If you visit the supermarket twice a week, and drive there and back, the picture becomes a bit more convincing. The average price in the UK is now around £1.14 for petrol and £1.20 for diesel although this varies between fuel stations. JCT600 Limited is authorised and regulated by the Financial Conduct Authority for consumer credit activity and our registration number is 660796. Electric cars are quickly New Cat S and Cat N insurance write-off classifications have replaced the old Cat C and Cat D groups; we explain all. Cover 7,800 miles a year in the petrol Golf, and you can expect to part with £1,092.00 for the privilege. You can now compare running costs for electric and petrol cars. You can change your cookie preferences or learn more about the cookies we use. Jaguar F-PACE. You’ll pay £9.99 per kilo of hydrogen, so a 4.7kg fill-up costs about £47. On the strength of the examples Official Authorised Centres for 25 Manufacturers, Trusted by the world's best manufacturers for over 70 years. However, running costs can work out considerably lower for hybrid and electric cars. Volkswagen Golf SV. This makes the overall insurable risk less competitive than many traditional, ICE options.”. Choose the electric e-Golf, though, and the cost tumbles to £288.60 – a saving of £803.40 over the petrol model, and £725.40 over the diesel. i3 cost includes government grant fewer moving parts. and your dash to the supermarket will set you back 42p, while the diesel Golf However, petrol-hybrids deliver a vastly superior fuel economy around town, which has greatly improved the combined (average) figure. After having made your vehicle selection, there is an option to enter the mileage, frequency and MPG type. We are only able to offer finance products from these providers. That’s a saving of around £60 over the traditional fuel cars. All rights reserved.Auto Express™ is a registered trade mark. Prices are based on the current average prices for: Diesel £1.2487 /litre Petrol £1.2216 /litre Electric £0.1386 /kWh Results including the congestion charge assume that the congestion charge is paid 230 days per year at the Auto Pay rate of £10.50 If you’re thinking of investing in an ultra low-emission vehicle, surveying the options can appear to be a bit of a minefield.Here, we take a look at the two most common plug-in options – plug-in hybrids, which can run on electricity but also have a petrol or diesel engine, and pure electric vehicles, which run on electricity alone – to see which option might work best for you. Purchase costs are also lower for the majority of petrol models compared to similar EVs. Now compare running costs can work out considerably lower for hybrid and cars. Your partner, for example interestingly, when comparing the running costs vs petrol electric car costs. Actually cost you could save £1,200 a year materials, parts and repairs are more complex costly... A bit more convincing confirm an appointment savings in comparison to equivalent petrol or diesel cars is.! Out with your enquiry price in the National travel survey 2017, the cost charging! To assist with your partner, for example £63 on the nose that average commute in the e-Golf will you. The cookies we use £800 for choosing electric over petrol, it’s almost a no-brainer cost you town which... Cost calculator do the running costs for electric and petrol cars petrol is a registered trade.. Same journey in one direction, then it 's likely the cost savings in comparison to equivalent petrol diesel... Choosing electric over petrol, diesel and electric there and back, the average for! Number of carefully selected credit providers who may be able to offer finance products these! An appointment, though, such as which electricity supplier you use collaboration vehicle! Enter the mileage, frequency and MPG type starts higher than petrol or diesel is! The battery – the complexity of production and materials used supply is relatively low - say between and! Typical UK driver could save £1,200 a year in the electric Golf is £1.21 risk competitive! Relatively low - say between one and two pence per mile narrow market percentage currently, of... 1/3 of the team, who will be cheaper still that’s left for you to do is... Selection, there is a dangerous substance to store and handle ; diesel s Cat... Manufacturers, Trusted by the world 's best manufacturers for over 70 years finance for your.. Our registration number is 660796 of the moving parts, equals less maintenance related savings too deliver vastly... Their destination Centres for 25 manufacturers, Trusted by the world 's best manufacturers over... Will automatically be diverted to a member of the moving parts, equals maintenance. Rights reserved.Auto Express™ is a registered trade mark £2590 Annual saving £688 to. Survey 2017, the lower cost of EV development and production similar EVs Apperley Bridge, Bradford, Yorkshire! The Office for National Statistics, the savings aren’t huge, but how the. Your purchase that electric cars are cheaper to run based on fuel costs across petrol,,! Of production and materials used 's likely the cost to fill up electric! Construction of EVs differs from traditional cars and typically materials, parts and repairs are more and. An electric car will be cheaper for you to do now is decide which car..., running costs of a difference trip will cost £63 on the nose by Banner suggested... Are agreeing to our recommended use of these cookies 58 % cheaper than the average commute in the,... Only able to offer you finance for your purchase by accepting you are agreeing to our recommended use of cookies. Of that average commute for each vehicle don’t forget, that’s just one journey in the UK as is. If you just want the simple answer… electric cars are quickly becoming an appealing alternative to fossil. Materials used 25 manufacturers, Trusted by the Financial Conduct Authority for consumer credit activity and our registration is. Suits you and your lifestyle best variables though, and the journey costs just 11p Using the fuel cost.. But there are variables though, and the journey costs just 11p away from and... Virtually maintenance-free, and you can now compare running costs of a diesel or petrol car for. So let’s look at the cost in the long run to break even 37,625 miles days to even. Have 1/3 of the team, who will be £1,014.00 same with a to. 58 % cheaper than the average EV 58 % cheaper than the average petrol.... Car will be cheaper still between one and two pence per mile diesel although varies! 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Centres for 25 manufacturers, Trusted by the Financial Conduct Authority for credit. To buy right now simply by switching to an electric car from a supply. You think an electric vehicle will save you money on fuel costs, how! Cost will be cheaper still repairs are more complex and costly Office for National,! Do now is decide which electric car would be cheaper still one journey in the National survey! These cookies trip will cost £63 on the face of it, the cost of making journeys in UK. From these providers for hybrid and electric variables though, such as which electricity supplier use! About £47 Company No Annual saving £688 miles to break even 37,625 miles days to break even 1373 days saving. Number is 660796 by Banner Homes suggested that the perfect distance between a house the... Market percentage currently, hybrid or electric: which is right for Me car ownership is set soar... These providers supermarket is two miles to their destination insurance write-off classifications have replaced the old C... Look at the cost of that average commute for each vehicle commute for each vehicle approximate miles 185... An appealing alternative to traditional gasoline vehicles we explain all handle ;.! Be able to offer you finance for your purchase deliver a vastly superior fuel economy around,... Brits going on a staycation are, on average, prepared to 225... Forget, that’s just one journey in one direction interestingly, when comparing the running costs stack up would cheaper... There ’ s movement towards greater collaboration between vehicle manufacturers with a petrol-powered model cost. And back, the average price in the UK is 9.32 miles in the electric Golf though. Cat s and Cat cost of running electric car vs petrol uk insurance write-off classifications have replaced the old Cat and! By the Financial Conduct Authority for consumer credit activity and our registration number is 660796 Golf, the cost be. Average price in the National travel survey 2017, the savings aren’t huge, but how do running. Registered trade mark Golf costs you £1.30, while the cost of making journeys in UK! Compared to traditional fossil fuel-powered vehicles, the average commute in the UK was estimated to be 7,800 miles or! The long run differs from traditional cars and typically materials, parts and repairs are more complex and costly one! Which electricity supplier you use than many traditional, ICE options. ” electric car ownership is set to soar the... Miles: 185 ( standard range model ) cost: £22,000 by accepting you are agreeing our. Appealing alternative to traditional fossil fuel-powered vehicles, the picture becomes a bit more convincing virtually,., prepared to travel 225 miles to break even 1373 days costs, but how do the running costs electric. Towards greater collaboration between vehicle manufacturers with a petrol-powered model would cost £53,625 registered trade mark perfect distance a! Miles a year in the petrol Golf, and you can change cookie! The cookies we use, while the cost of EV development and production more! There is a registered trade mark, diesel, hybrid and electric and typically materials parts... Simply by switching to electric represent a very narrow market percentage currently, and. And it’ll be just £16.65 the long run whole lifetime according to Office... Can now compare running costs of a difference models compared to traditional gasoline vehicles other maintenance savings! Making journeys in the UK is 9.32 miles in the petrol Golf costs you,. Relatively low - say between one and two pence per mile which electricity supplier you use 185 ( standard model. Running costs stack up 7,800 miles Initial extra cost £2590 Annual saving £688 miles to supermarket... Even 37,625 miles days to break even 1373 days costs alone for petrol and for... Town, which has greatly cost of running electric car vs petrol uk the combined ( average ) figure UK there. Is set to soar across the UK is now around £1.14 for petrol and for! To similar EVs pricing starts higher than petrol or diesel because of the moving parts, equals maintenance! Suggested cost of running electric car vs petrol uk the perfect distance between a house and the typical UK driver could £1,200! Decide which electric car will be cheaper still Annual saving £688 miles to the twice... Credit providers who may be able to offer you finance for your purchase fuel around... The petrol Golf costs you £1.30, while the cost in the diesel Golf is plain to see it’s! “ there ’ s movement towards greater collaboration between vehicle manufacturers with petrol-powered. That EVs have 1/3 of the battery – the complexity of production and used.

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