With petrol prices rising and many owners shying away from diesel, there has never been a better time to buy an electric car. What’s more, there is no doubt that electric cars will save you money in the long run. Here is all the electric car information you need to know about owning or buying an EV.
Can you save money?
The answer is yes, in the long run, you absolutely save money. When you buy an electric car there is a high up-front cost, but your electric vehicle ends up costing less over a lifetime. For starters, the government offers a £3,500 ‘Plug-in Grant’ to encourage people to make the switch. The cash incentive cuts the price of the EV for sale and aims to reduce emissions and improve air quality. Plus, a home charging point will usually be fitted for free when you buy an EV car.
What's more, electric cars don’t cost a lot to run, with big savings on fuel costs, servicing and car parking. However, when charges apply, you are expected to pay for parking as normal. The capacity is measured in kilowatt hours (kWh) which measures how much energy it stores. Public charging stations cost on average around 35p per kWh and charging at home during off peak hours, such as overnight, will cost you around 12p per kWh. To fully charge your battery up it will only cost you a few pounds in electricity opposed to £30 or more on fuel. Imagine never having to go to a petrol station again!