🚗EVs Now 9 Times Cheaper to Drive Than Petrol Cars in UK
EVs are now 9 times cheaper to drive than petrol cars
TL;DR
Driving an electric vehicle (EV) in the UK is now nine times cheaper than a petrol or diesel car. With fuel prices soaring, EVs offer significant savings, especially when charged at home.
Driving an electric vehicle (EV) in the UK is now nine times cheaper than a petrol or diesel car. With diesel prices hitting £1.96 per litre and petrol at £1.72, EVs offer a stark contrast, costing just 2.3p per mile when charged off-peak. This makes EVs not only environmentally friendly but also economically sensible, with drivers saving around £80 by charging at home compared to filling up at the pump. The UK government estimates that 90% of EV charging happens at home, further reducing costs. However, the looming pay-per-mile tax from April 2028 adds 3p per mile, but even with this, EVs remain cheaper to drive.
Key Points
Driving an EV costs 2.3p per mile when charged off-peak, compared to 21p for diesel and 20.1p for petrol.
Petrol prices have surged by 31% since February to £1.72 per litre, while diesel is up 38% to £1.96.
The UK government plans a pay-per-mile tax on EVs from April 2028, adding 3p per mile to the cost of driving an EV.
Only 6% of cars on UK roads are fully electric battery EVs, with 3% being plug-in hybrids.
Sales of EVs are booming, with around 30% of new cars sold in August being battery EVs.
Why It Matters
If you're considering switching to an EV, the cost savings are significant. With diesel at £1.96 per litre and petrol at £1.72, EVs cost just 2.3p per mile when charged off-peak. Even with the planned pay-per-mile tax, EVs remain cheaper to drive. This shift is crucial for UK drivers looking to save money and reduce their carbon footprint.
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