How Cost-Effective are Electric Vehicles?

Electric vehicles (EVs) have plenty of benefits that make them the perfect candidate for your next car. In 2030, electric vehicles will be the only models you will be able to buy brand new, but is the country prepared? It’s no secret that EVs cost a significant amount more upfront than internal combustion engine (ICE) vehicles, but is this price offset by other benefits? By providing mobile EV charging stations to destinations and events across the country, we hope to encourage drivers to make the switch, but money can be an issue for most people.

Although driving an EV is the best choice for the environment, many wonder whether it is the best choice for their pocket. Once people are made aware that they cost a little more to buy upfront, it can immediately put them off, but the prices, in the long run, may shock you. Maintenance costs, fuel prices and tax benefits are all factors that should be considered when looking for an EV, but you can find out everything you need to know in our article below.

The Cost of ‘Fuel’

In recent months, petrol and diesel prices have increased considerably. Since the recent petrol crisis in September 2021, the price of petrol and diesel increased due to the demand, as people panicked that there wasn’t enough to fill their cars. EV drivers could be seen driving past the long queues, safe in the knowledge that they don’t have to worry about filling up. Depending on what charger you fill up at, prices can vary. They can cost as little as 4.1p per mile depending on the model of car you drive; some chargers will set their prices to around £6 for 30 minutes of charge, but again, this all depends.

On average, the cost of running an EV is significantly less than that of an ICE vehicle. Although range anxiety may be a problem, home chargers and street chargers are in abundance in large towns and cities. Our provision of a mobile vehicle charging point is perfect for providing a temporary solution to grid issues, ensuring no one suffers from range anxiety again. Our chargers are cost-effective too, as you won’t have to pay for installation and the disruption is lessened.

Tax and Government Benefits

The Government are trying to push the sale of EVs, now more than ever. They currently offer a maximum grant of £1,500 for electric vehicles, including cars, motorcycles and vans of all sizes. This can take some of the costly expenditure out of EV driving and is not provided for any other ICE vehicle. The Government are also offering a discount for installing a home charger. They are offering to pay for 75% of the installation cost in a domestic property, once again promoting the importance of EV driving and the benefits it can bring.

Cars that are cheaper than £40,000 and are fully electric are also exempt from paying car and road tax. For some cars that have high carbon emissions, this can be an extortionate price to pay. By skipping out on road tax, you can save yourself hundreds of pounds, which can come in handy. From destination charging to event charging, our mobile EV charging stations provide a temporary solution to help solve worries and further encourage more people to turn to an EV. To find out more about our services, please visit us here.

Other Factors to Consider

Congestion charges are a common issue for drivers in central London. There are signs everywhere alerting drivers that, should they drive in a certain area, they will be charged due to the sheer amount of CO2 in the air. There are even special roads made just for electric vehicles now, allowing EV drivers to zip around London in a much quicker fashion. Clean air zones are also seen in cities such as Birmingham, Bath and Greater Manchester, although this will commence next year (2022). 

Driving an electric vehicle could save drivers up to £2,900 per year in congestion charges, which could be a godsend if you work in and around London. Driving an electric car can also decrease pollution, and create a better standard of living for everyone.

How We Can Help

Here at Elite Vehicle Charging, we’re dedicated to helping the planet thrive and combat climate change, one charger at a time. We can deploy our chargers and remove them with ease, providing a complimentary service to keep them working as optimally as possible throughout your rental period.

To find out more about our mobile EV charging, or to receive a bespoke quotation, please give us a call on 0800 702 2661. Alternatively, you can fill out our online contact form.