UK Electric vehicles up to four times as cost effective as petrol vehicles

UK Electric vehicles up to four times as cost effective as petrol vehicles

07/13/2021

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The study, conducted by Uswitch, found that an electric Nissan Leaf E+ could travel 2,380 miles for £50 worth of electricity, based on UK prices. This was compared to a petrol fuelled Volkswagen Golf, which could only drive a total of 443 miles with the same amount of petrol, a staggering difference of more than 1,900 miles.

The UK ranked 21st for best value range, higher than the likes of the United States, Germany and Japan.

It paled in comparison to Lithuania, who topped the list with an average cost value difference of 3,900 miles.

Following Lithuania, Norway placed in second with a difference of 3780 miles and Sweden came in third with 3,361 miles.

The research found that the United States, Australia and Mexico had the best value range for petrol vehicles.

For £50 in the US, you can get enough petrol to travel 895 miles, compared to Australia and Mexico where £50 allows you to travel just over 730 miles.

Joel Kempson, a car insurance expert at Uswitch praised the economic benefits of owning an electric car.

He said: “Electric vehicles are much cheaper to recharge than the cost of filling up your tank, so even though they won’t take you as far as a petrol car, owning an EV could make better sense for your finances.

“It will be interesting to see how the adoption of EVs progresses as more drivers wise up to the savings that can be made.

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“It’s not just the fuel costs – electric cars are currently exempt from vehicle tax, and some councils have savings schemes in place.

“When it comes to insuring an EV, there is a common misconception that it can be a pricey part of ownership.

“However, as more motorists opt for an EV and repair costs fall, the insurance market will correct itself and we should see prices drop too.”

Despite the Golf having an average range of 575.2 miles when full up, which is 336.2 more than the Leaf, it showed a stark contrast in the prices of petrol and electric charging.

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