After surveying hundreds of our customers it’s clear that they enjoy driving EV’s, not only for the environment, but also because of how much money they are saving. Read more about our survey here.
Let’s take a closer look on how much you could save when choosing to go electric. We’ll dive deeper into the costs of having a full EV (BEV) compared to a petrol car, look into the charging costs, as well as analysing the savings per mile.
We have drafted an easy to read table, showing which categories are generally higher or lower per car type. Whether you are driving a full electric car (BEV) or a car with an internal combustion engine (ICE), you can see the advantages and disadvantages of both.
With this general overview of the BEV versus the ICE, we’ll look into the maths to show you the differences in costs from initial investment to overall running and driving costs to understand how they add up.
We have chosen two cars in the same class: the Nissan Leaf, which is a full electric vehicle, and the Honda Civic, a car with an internal combustion engine.
Please note: The first year registration tax can be different since that depends on several external factors. The same applies to the yearly tax.
Data sources: GOV.UK (2016), Car fuel data (2016), UKPower (2016) and GlobalPetrolPrices (2016).
We have now revealed the costs that are attached to buying and maintaining a ICE or a BEV. Let’s take a closer look at fuel/100 miles. We discovered that the Honda Civic requires around 11.9 litres of petrol to drive for 100 miles (driving on the highway and in the city are combined in this one figure).
To drive this same distance, the Nissan Leaf needs 24 kW of electricity. As we have shown above it costs £3.36 to charge your Nissan Leaf with 24 kW, whilst the Honda Civic will cost you £15.47 to fuel with 11.9 litres. Fueling up is 460% more expensive than charging!
In the UK people drive an average of 7,900 miles per year (RAC Foundation, 2015). Annual charging will cost you £267 per year if you drive a Nissan Leaf. However, if you are driving a Honda Civic this same distance will cost you £1,222 per year to fuel your car. It’s clear driving electric can save you approximately £950 a year on fuel!
Overall you are better off in the long term when choosing to drive electric. By being able to save on taxes, fuel costs, maintenance costs and insurance costs your total cost of ownership significantly reduces.
With Government incentives making it easier for drivers to trade their petrol car for a cleaner electric vehicle, together with the savings you will make on fuel costs, we truly believe that apart from the environmental aspect EV is the way to go.