Will I save money going electric?

By choosing to buy an electric vehicle, you can save money on fuel costs and maintenance in the long run, while also enjoying the benefits of reduced emissions and a quieter driving experience.

1 min read

The fuel savings you can expect to see in the UK by using an electric vehicle will depend on a variety of factors, such as the make and model of the vehicle, the distance you drive, and the cost of electricity in your area. However, electric vehicles are generally more energy-efficient than petrol or diesel vehicles, which can result in significant fuel savings over time.

According to a report by Go Ultra Low, the UK's government and industry-backed campaign for electric vehicles, the average cost of charging an electric vehicle is around 4p per mile. In comparison, the average cost of petrol in the UK is currently around 134p per litre, which equates to around 12p per mile for a vehicle that achieves 40 miles per gallon.

Assuming an average annual mileage of 10,000 miles per year, this means that driving an electric vehicle could save you around £800 per year in fuel costs compared to a petrol or diesel vehicle that achieves 40 miles per gallon. Over the course of several years, these savings can add up and offset the higher upfront cost of purchasing an electric vehicle.

Additionally, there are other cost savings associated with electric vehicles, such as lower maintenance costs due to fewer moving parts, and exemption from certain taxes and congestion charges in some areas. Overall, the fuel savings you can expect from driving an electric vehicle in the UK can be significant and make the switch to electric more financially feasible.