TRAVEL | Electric Vehicles. We Explain the Big Cost of Ownership Savings.

While a pure electric vehicle costs more upfront, most people take out some sort of finance to buy a new car so the cost is spread over years, and with the massive fuel savings of a pure electric and the cost of ownership savings you will be paid back many times over in the years ahead.

The average annual cost of repairs and maintenance for petrol and diesel cars is £500, pure electric costs 50% less to maintain and 30% less to service as they have fewer component parts; EVs have only 20 moving parts compared to 2,000 in combustion engines.

Road tax for petrol and diesel can be as much as £2,605 p.a. depending on your car’s age and CO2 missions, a pure electric is free of charge.