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The costs of running an electric car.

One of the benefits of owning and driving an electric vehicle (EV) is that in many regards it could be cheaper to run than a petrol or diesel car. Whether that’s through saving on filling up or lower maintenance costs.

EV running costs

Are electric cars cheaper to run?

An electric car costs £6 less than the average petrol car for every 100 miles.

Using the average electricity cost of 34p per kWh, it costs £12 to drive 100 miles. Whereas it costs £18 to drive 100 miles in the average petrol car (using an average cost of petrol of £1.63).

Electric vehicle charging costs at home.

Unlike petrol or diesel cars, you can charge electric cars at home. This is cheaper than charging your car at public charging stations and means you don’t need to leave home to get your car up and running.

To help keep costs down, some energy providers offer an EV-focused tariff which offers cheaper electricity costs overnight when your car is charging. For example, we have our Next Drive tariff which offers lower priced electricity between 12am and 7am. Plus you benefit from 100% renewable electricity each time you charge.

If you want to charge your car home then you can just plug it into the mains, however this means it could take a day or two to charge your electric car. A better option is to get an EV charger installed. This means you can charge your car faster and use the app to get the benefits of the cheaper overnight charging.

Cost of using an EV public charging network.

You can find public EV chargers at a number of locations, including motorway services, petrol stations, car parks and shopping centres. Public EV chargers are generally more expensive than charging your electric car at home, but can be a useful way to top up your charge if you’re away from home.

Some locations such as supermarkets offer free EV charging, so it’s a good idea to have a look around.

You can get more information about public charging.

Cost of taxing your electric car.

If you have or had a petrol or diesel car then you’ll know about the Vehicle Excise Duty (VED) or “road tax”. As electric cars don’t emit any CO2, their charge for road tax is £0. This is a great way to save costs as the standard rate of road tax is £155 per year.

This increases as your car gets more expensive. For example a car with a list price of over £40,000 has a £355 surcharge applied to it. So a £45,000 petrol car would cost you £490 a year in road tax.

However this may change as the government has announced that VED charges for electric vehicles will be introduced in 2025.

Cost of insuring your electric vehicle.

According to the RAC, electric vehicle insurance costs are generally more than those of petrol or diesel cars, however that is changing.

Now the main factors for insurance are the price and power of the vehicle as well as the driver’s age and experience, rather than how the vehicle is powered.

Avoiding those congestion charges in EVs.

One of the many benefits to owning an electric vehicle is that you can drive into low-emission zones, which are becoming more and more common in UK cities, without being charged.

Plus you can also avoid paying the London Congestion charge, very helpful if you drive into London a lot.

Cost of maintaining your electric car.

As electric vehicles have fewer moving parts than their petrol and diesel counterparts, there’s less that needs to be looked after and maintained.

Plus with regenerative braking, there’s less wear and tear on the brakes which means that the brake discs and pads will need to be replaced less often.

Some leasing companies and manufacturers will offer maintenance packages which can help you reduce your electric vehicle maintenance costs even more.

Get a Vestel EV04 charger.

Perfect for your home.

  • WiFi and Bluetooth connectivity.

  • Can be used via the app.

  • Available both socketed and tethered.

  • Can be used in all weather.

  • Has a maximum output of 7.4 kW on a single phase meter such as your home, but can increase to 11 kW or 22 kW on a 3 phase meter for commercial use.

Plus get £50 off if you're an E.ON Next customer.

Get an EV charger quote

E.ON EV charger.

More on electric vehicles.

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See how you can save money by making the switch to EV.