How Electric Cars Work Will Blow Your Mind - £3,000 a year savings
Electric vehicles benefit from rock-bottom running costs as electricity is much cheaper than petrol or diesel. Depending on your electricity tariff, fully charging a Nissan Leaf could cost just £5.60 for 235 miles – a saving of around £22 over an equivalent diesel. The Government’s Go Ultra Low campaign highlights owners reporting annual savings of over £3,000 in running costs and tax receipts.
Other savings include those upon purchase of an electric car, where the government's Plug-in Car Grant chops £3,000 off the asking price of electric cars under £50,000. Insurance premiums can run a little higher than for petrol or diesel equivalents, but should come down as electric cars continue to become more popular.