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How Much Do Electric Cars Cost?

Given the rise in the emission of harmful gases from cars that use petrol or diesel, more people are switching to electric cars. This is to curb the negative effects of climate change seen across the globe. However, the price one has to pay for an electric car still lingers in people’s mind. It is a known fact that the initial cost of an electric car is on the higher side. However, here are some incentives as below:

nissan leaf close up view

1. Electric cars are exempt from road tax
Cars that produce zero CO2 emissions, like electric cars, do not have to pay road tax. Nevertheless, all cars that cost more than £40,000 are required to pay an additional annual ‘Premium’ fee of £310. For that reason, people who are looking to buy luxury EVs like the Tesla Model 3 will be required to pay the tax despite producing zero CO2 emissions. 

2. The running costs of electric cars are much, much lower 
An electric car can go for 100 miles at the cost of £2-£4. Besides, charging up an electric car at a motorway charging point costs up to £6. Although in some instances, one can do it for free. 

3. If you live in London, you’ll avoid the congestion charge 
Not only is charging up an electric car a fraction of the cost, but it is also exempted from London’s £11.50 per day congestion charge due to their low emission costs. 

Electric Car Running Costs

Electric cars are said to be cheaper in the long run because of their low running costs compared to petrol and diesel vehicles. First and foremost, the government provides a grant that can go up to £4,500 or 35% of the purchase price for a new car provided it is in the Category 1 list of fully electric vehicles. Most of the time, you don't need to apply for the grant as it is included in the dealer’s price. The cars included in this list are the Nissan Leaf and Renault Zoe. 

An electric vehicle can run up to 100 miles for £2-£4. In comparison, a petrol or diesel car would cost £13-£16 for 100 miles. Moreover, electric cars are exempt from road tax and in many cases, you can get free or discounted parking. 

The most efficient way of charging is at home since you can easily obtain your own home charging point. The government can help pay for this through the Electrical Vehicle Home charge scheme. It pays for 75% of the total costs (including installation), which is up to £500 in total.

EV charging cable

How far can I travel on a fully charged battery?

The majority of car journeys in the UK are less than 15 miles. It is important to note that the travel distance depends on the car and its features. Today, most pure electric cars can drive up to 100 miles with ease on a single charge. The more advanced models can go over 200 miles.

What are the cheapest electric cars?

As we can see, electric cars are cheap to run, but in order to purchase one would have to dig deep into their pockets. For example, the BMW i3 starts at £25,680 after the government grant. This has nothing on the Tesla Model X that can start as high as £71,900. Nonetheless, one can easily switch to purchase cheap and used electric cars. For instance, a Renault Zoe would go for £7,299 with finance that starts at £139 per month. On the flip side, it does not come with batteries. You may have to lease at the cost of £49 per month. 

Cheapest used electric cars

  1. Renault Zoe
  2. Nissan Leaf
  3. BMW i3
  4. Hyundai Ioniq
  5. VW e-Golf

Cheapest new electric cars

  1. Renault Zoe
  2. Citroen C-Zero
  3. Smart Fortwo Electric Drive
  4. VW e-up!
  5. Nissan Leaf  


Read more about buying an electric car in the UK.


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