There are significant savings to be made on fuel costs. If you can charge at home, despite the continued increases in energy prices we are currently seeing, an EV can cost as little as 6p per mile to charge (based on an average price of 18.9p/kWh for home electricity) – meaning 100 miles can be covered for as little as £6.
The transition to electric vehicles (EVs) is a crucial step towards achieving the UK ’s net zero target. This guidance provides information on EVs and EV charging infrastructure. While a new electric vehicle (EV) costs more to buy up front, today most drivers in the UK (around 80%) will buy their cars on the used market.
This guidance provides information on EVs and EV charging infrastructure. While a new electric vehicle (EV) costs more to buy up front, today most drivers in the UK (around 80%) will buy their cars on the used market. Industry intelligence suggests that some EVs on the used market are now similar in price to their petrol and diesel equivalents.
Many workplaces provide salary sacrifice schemes, which can reduce the cost of purchasing an EV. To support this, company car tax is favourable for EVs at only 2%. The government has confirmed that company car tax for EVs will increase 1% each year from 2025 to a total of 5% in April 2028.
Work out how much it'd be on the EV tariff. - Get overnight (or EV charging) rates for the EV tariff and multiply that by the amount you need to charge your car (we're assuming here you only charge off-peak, if not, adjust your maths).
As the name suggests, these are energy tariffs aimed at owners of electric vehicles (EVs) that use their home electricity to charge their car. There are generally two types of EV tariffs: Two-rate tariffs, that offer cheaper electricity overnight.