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Driving electric can save you money, Let's look at the detail.
Since the announcement of the 2030 deadline the costs of electric vehicles have come down as motor manufacturers release new models. With electric vehicles (EVs) becoming more mainstream we have much greater choice and the market has becomes more competitive. This is good news for electric vehicle drivers. Major leasing companies have added electric vehicles to their range making them more accessible to individuals and businesses.
So choosing an electric vehicle is much like choosing any other car.
You decide on the size, make and model and features. There is an EV to suit every budget. There are tax incentives and grants too.
To encourage the take up of ELECTRIC CARS AND VANS the UK Government have recently re introduced a new ELECTRIC CAR GRANT. This is claimed by the vehicle manufacturers and is available for vehicles that have been approved as eligible. In brief the Grant can take a maximum of £3,750 off the price of an electric car subject to certain conditions.
The car needs to be electric, priced at under £37,000 ( capped at £42,000 ) and ecologically assembled. Less eco friendly models may receive a Grant of £1500 or nothing at all.
The PLUG IN VAN GRANT has been extended into at least 2026/27 financial year.
Specific criteria are in place with a maximum saving of up to £2,500 for a small van and £5,000 for larger vans ( with up to £25,000 available for large trucks.)
Grants are automatically applied to any car or van eligible.
Currently, Electric Vehicles are eligible for 100% discount off the London Congestion Charge and may be eligible in other UK cities. We understand that Transport for London is planning to change this discount in December 2025 and Electric Vehicles will have to pay a Congestion charge. Please refer to local information on line.
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“Lesley, I wanted to say ‘thank you’ for your talk and also for the synchrostic ‘mirroring’ of our messages!! It was a really inspiring talk – not just because of the useful tips – but because you authentically showed that it is possible to incorporate what is important to us into what we do – even if it doesn’t immediately appear possible. Oh – and by the way – Tracey and I are walking whilst having a 1 -2- 1 in a couple of weeks time!”
While the price of an EV may be similar to most comparable petrol or diesel cars these days, the cost of running one is significantly cheaper, it is estimated approximately 70% less. (Although this is not reflected in the manufacturers service plans yet!)
From tax incentives and special government grants, to enhanced fuel efficiency, the lower cost of electricity and reduced maintenance requirements, you could spend far less on an electric vehicle than you do on your current car.
100% electric cars are designed to be as efficient as possible and as there are far less components so there is less to go wrong than in a regular petrol or diesel. Long term they should be more reliable.
With fewer moving parts susceptible to wear, there are fewer things to break. This means that there is less maintenance to do and running cost repairs are lower. That’s one of the reasons that Tesla offers an infinite mile warranty. You may need to replace the battery eventually, maybe after a hundred thousand miles if you want it performing optimally. Though in reality, batteries are still working well beyond this point. Expect fewer trips to the garage with an electric car, and therefore less money spent on servicing and replacement parts.
There’s no engine! So no oil changes, there’s no cooling system, no antifreeze. Just think about the complications of a traditional petrol or diesel vehicle compared to a motor running on a battery. You’ve also got loads more space, because you don’t have an engine to cart around, so there’s bigger boot space in a smaller vehicle.
Yes. Most electric vehicle drivers charge at home, and it’s remarkably cost-effective.
Electricity is cheap compared to petrol or diesel. Average cost of fuel in an EV is 9-11 pence per mile compared with an average of 18-20 pence per mile for petrol or diesel.
There are also free charging points in some towns, hotels and restaurants to encourage customers to come and park there and if you can charge at work, that may also be free. Your fuel costs will be decidedly less than in a traditional petrol or diesel engine car.
Also, because you can charge your electric car at home, you don’t need to queue at petrol stations or remember to fill the tank on your way home. The charge point is your home. Just like your mobile phone – plug in and charge. Of course, charging does take longer than filling a tank with fuel, but charge while you’re asleep and you’ll wake up to a full battery in the morning.
If you need a top up at other times, you can recharge at one of the thousands of charging points now dotted around the UK.
Grant schemes for electric vehicle charging infrastructure: The government offers grants to support the wider use of electric and hybrid vehicles via the Office of Zero Emission Vehicles (OZ
Electric cars may be able to earn you money. For the UK to fully embrace renewables, electricity suppliers are looking at new ways of storing energy to cope with fluctuations in electricity generation and demand.
We have to organize and think through the bigger picture, to avoid a potential issue with supply from the grid at peak times when everybody comes home from work, plugs their electric cars in, just at the time when we are cooking, heating and the lights are on.
Enterprising energy suppliers are looking at “smart charging ” and testing a ‘Vehicle to Grid’ scheme. When cars are left parked up or plugged in, there is a pool of energy just sitting there doing nothing. With ‘Vehicle to Grid’, the idea is that customers will be able to charge their cars overnight when it’s cheaper and then earn money by selling excess energy back to the grid at peak times.
This game changing tech is about far more than potentially making EV owners money, it will play an important part in helping to re balance our energy needs around the country by changing how we produce, supply and use energy.
We will help you find the right solution, as we have been supplying petrol and diesel cars and vans for our customers since 1986.
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