How Much Do Electric Vehicles Cost To Run?
The desire for cleaner air and rising fuel costs are some of the many reasons people are increasingly considering making the switch to electric, but what are the benefits and how much cheaper are they than the alternative?
The initial outlay for the vehicle is more than when compared to a conventional diesel, there is no denying the fact. However when pricing an electric vehicle against an ICE (internal combustion engine) Vehicle, it is important to look at the whole life cost or total cost of ownership. This is a calculation we are more than happy to help you with and this can be done in comparison with your current or competitors vehicle.
For an Electric Vehicle, you will also need to allow for the cost of the home or work charger installation, costing between £250 to £1,000 depending on power output, and is subject to a suitable supply from the grid.
From then on, you’re basically quids in. Based loosely on current average UK electricity costs and average MAXUS EV performance figures, you’ll be looking at an average of 0.04p per mile compared with 13p per mile in a conventional van (again, roughly speaking). Times that by how many miles you average in any given year and the difference can be quite dramatic. For a typical 20,000 mile a year user based on these figures, the savings can be up to £1800.00 per year in fuel alone.
The savings made in vehicle tax, cheaper maintenance and no congestion or ULEZ Charges can soon mount up and are always worth factoring in when considering the move to an electric commercial vehicle. It could save you £265.00 per year in road tax, add this to the fuel cost savings that’s over £2000.00 per year, better for the environment and better for your bottom line? Perhaps it’s time to make the switch!