As the price of filling up an average family car heads north of £100, electric motoring has never looked so attractive. Moreover, a recent analysis has uncovered the costs of running comparative combustion-engine and electric cars and found that charge point “refuelling” saves EV drivers an average of £60 per “tank” of fuel.
So what are these estimates based on, and what does this mean for the future of motoring?
Analysis Demonstrates the Value Currently Offered By Electric Vehicles
With the Ukraine-Russia conflict contributing to record fuel costs, many UK drivers have been considering the merits of switching to an electric car. A recent analysis of the running costs of an EV versus a traditional petrol or diesel car, undertaken by the Carbon Brief, has found that electric vehicles offer excellent value for money.
They found that the UK average cost of filling up a 55-litre petrol car is now almost £100, whereas recharging an electric car to travel an equivalent distance costs just £37. This is partly because EVs are much more fuel-efficient and use three to four times less energy to travel the same distance.
The savings are significant, even though electricity prices are also on the rise due to rising wholesale gas prices. Plus, the figures are based on an EV being recharged at home using the current average electricity price. The cost of recharging could drop considerably if an overnight tariff were to be used to charge the car when power is cheapest – meaning the savings quoted above are extremely conservative. The real figures could be even higher.
Further Study Concurs with Recent Findings on Cheaper Electric Charging
In addition to Carbon Brief, Zap-Map (the EV charging app) ran a real-world comparison test to see how the figures stacked up. They found that pence per mile for an electric VW ID.3 is around 11.7p compared to 19.9p fuelling a VW Golf with petrol now, providing savings of over £500 a year for the average driver.
While EVs have a higher price tag than their combustion engine counterparts, experts now believe that the savings on running costs are so great that they will quickly pay for themselves – and then provide further recouped savings on top.
Thinking of Making the Switch to Electric Motoring? Contact Applegarth Today Regarding Your Electric Charge Point Installation
If you’re one of the 40% of UK drivers thinking of making the switch to electric motoring to save on fuel costs, then get in touch with us today. We can provide you with a quote for installing your home or workplace electric charge point, walk you through any government grant funding that may be available, and have you up and running in no time.
We provide EV charge point installation services across the North West, including Manchester, Liverpool, Cheshire, Lancashire, North Wales, and beyond. So whether you’re a business looking to attract EV drivers or an individual considering making the switch, we can help.
Get in touch today to find out more on 0151 649 8350 or email us at email@example.com.