Jaguar F-PACE. Choose a petrol Golf, and the petrol Golf costs you £1.30, while the cost in the diesel Golf is £1.21. Electric car ownership is set to soar across the UK as there is a push away from petrol and diesel vehicles. Electric cars are quickly If you take the purchase price out of the equation, annual running costs - including refuelling/recharging, insurance, road tax, MoTs and servicing - work out at £1,742 per year for an electric car, 21 per cent less than the £2,205 you’d pay for an equivalent petrol model. Volkswagen Golf SV. The average total cost of buying a new electric car in 2020 and driving it for just under 14 years - the average lifespan of a car - has been calculated as £52,133. In the diesel, it’ll be £58.50. If you just want the simple Prices are based on the current average prices for: Diesel £1.2487 /litre Petrol £1.2216 /litre Electric £0.1386 /kWh Results including the congestion charge assume that the congestion charge is paid 230 days per year at the Auto Pay rate of £10.50 “We expect prices to come down in future, thanks partly to the Government’s commitment to making greener vehicles more accessible, but also to advances in technology ensuring that purchasing, refuelling, maintaining and insuring an electric car becomes easier, cheaper and better for the environment.”. The Car Running Costs Comparison tool also provides a quick and easy way to view CO2, MPG and VED data, as well as fuel costs, for all new cars. Petrol is a dangerous substance to store and handle; Diesel. Even including the sometimes high initial purchase cost of electric models, they are more cost effective than their petrol equivalents over the long term, but the difference isn’t huge. will cost 39p. In 2020, the average lifetime running costs - including purchase price - for an electric car is £52,133, while an equivalent petrol model is £53,625. You’ll pay £9.99 per kilo of hydrogen, so a 4.7kg fill-up costs about £47. This sites uses cookies to ensure you have the best online experience. The mileage and frequency should reflect the period you typically use to monitor the fuel useage - a typical driver will travel 10,000 miles in a year. and your dash to the supermarket will set you back 42p, while the diesel Golf On that basis, commuting in the Volkswagen e-Golf. So what better car to use as a According to the Office for National Statistics, the average commute in the UK is 9.32 miles in one direction. Insurance experts say electric cars can attract higher premiums – but they are coming down only make once a year, but a round trip of 450 miles is a fairly substantial Less moving parts, equals less maintenance related costs in the long run. The ongoing running costs of a battery electric vehicle (EV) are generally lower than an internal combustion engine (ICE) vehicle as they have fewer moving parts and require less servicing, but the purchase price of EVs remains significantly higher than a petrol or diesel equivalent. You can now compare running costs for electric and petrol cars. Well, jump in the petrol Golf, Travelling 9.32 miles in the Miles Driven. “There’s movement towards greater collaboration between vehicle manufacturers with a view to reducing the cost of EV development and production. However, petrol-hybrids deliver a vastly superior fuel economy around town, which has greatly improved the combined (average) figure. same journey in the e-Golf will set you back just 34p, however. That’s a saving of well attractive option – brake systems tend to last longer than on conventional If you’re thinking of investing in an ultra low-emission vehicle, surveying the options can appear to be a bit of a minefield.Here, we take a look at the two most common plug-in options – plug-in hybrids, which can run on electricity but also have a petrol or diesel engine, and pure electric vehicles, which run on electricity alone – to see which option might work best for you. four hundred pounds every year simply by switching to electric. Opening hours may vary regionally. PROS. Click here for more info. We’ve chosen three While electric cars are around £8,000 more expensive than a diesel or petrol one, the government offers a £5,000 grant towards the cost of the car, and will help to … Please contact your preferred branch to confirm an appointment. To use the tool, select an electric vehicle from our list of new or used plug-in vehicles and select a petrol or diesel car that you would like to compare the EV with. But interestingly, when comparing the running costs of a diesel or petrol car, you’ll find less of a difference. Electric cars are already cheaper to own and run, says study This article is more than 1 year old Petrol and diesel vehicles cost more over four years in UK and four other European nations the most of. An electric or hybrid vehicle is a better choice than a petrol or diesel car for 34m Britons based on how far and often they drive, fuel calculator claims Fuel … While electric cars represent a very narrow market percentage currently, sales of … Disclosure JCT600 Limited is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486) and which is permitted to advise on and arrange general insurance contracts. Calculate the cost of a journey here to … Cover 7,800 miles a year in the petrol Golf, and you can expect to part with £1,092.00 for the privilege. Jaguar I-PACE. ‘Your car may not be the most efficient tool for your new, lower-mileage life’, Pester power from kids pushes parents towards electric cars, Government should place 15% EV quota on car manufacturers, campaigners say, 'If you like driving as we do, you’ll love driving an electric car'. If you have a cheaper fixed tariff, then it's likely the cost to fill up your electric car will be cheaper still. All that’s left for you to do now is decide which electric car suits you and your lifestyle best! According to research by Lower lifetime cost than petrol because of lower depreciation; Engines last longer and tolerate much higher mileages than petrol; More efficient (by around 25% compared to petrol) so fuel costs are less, providing pump prices stay close. At the moment, the amount of petrol vehicles available massively outweigh the pure electric options – meaning you have much more choice and you are more likely to select the car that suits your style of driving in petrol form than electric. days each year). We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. Under those circumstances, the petrol Golf would cost £87.36 across a full year, and the diesel Golf £81.12 a year, while trips in the electric Golf would cost just £23.09. Registered Address Tordoff House, Apperley Bridge, Bradford, West Yorkshire, BD10 0PQ - Company No. On the face of it, the savings aren’t huge, but over repeated journeys this quickly adds up. 413250. When it comes to depreciation, electric cars hold their value twice as well as petrol cars, only losing 12 per cent of their value per year compared to 24 per cent for the petrol cars. Copyright © Dennis Publishing Limited 2020. In the battle of electric vs petrol vs diesel, we’ve calculated the exact cost of three different journeys, with help from the incredibly useful Journey Cost Calculator on ZapMap. Switching to an electric vehicle will save you money on fuel costs, but there are other maintenance related savings too. how do the running costs stack up? The cost of charging up an electric car from a domestic supply is relatively low - say between one and two pence per mile. There are variables though, such as which electricity supplier you use. With a massive saving of over £800 for choosing electric over petrol, it’s almost a no-brainer. Running costs: Electric vs diesel vs petrol The cost to charge an electric car should be considerably less than to fill up a car with an internal combustion engine, simply because electricity is cheaper than petrol or diesel. That’s a saving of around £60 over the traditional fuel cars. Electric cars are cheaper to own over their whole lifetime according to new research. Besides the obvious green benefits of electric vehicles, the cost savings in comparison to equivalent petrol or diesel cars is significant. Factor in average fuel costs alone and the typical UK driver could save £1,200 a year. Consider that EVs have 1/3 of the moving parts compared to traditional gasoline vehicles. As you can see, the cost of running an electric car is far cheaper than a petrol car – and cheaper still than a diesel car. JCT600 Limited is authorised and regulated by the Financial Conduct Authority for consumer credit activity and our registration number is 660796. Choose the electric e-Golf, though, and the cost tumbles to £288.60 – a saving of £803.40 over the petrol model, and £725.40 over the diesel. Such is the variety in the Golf range now, that Volkswagen actually produce a version with each of the three primary fuel types – petrol, diesel, and electric. Fuel costs: According to research from the Direct Line Group, the average fuel costs of a petrol car are £824 per year, while an electric car will only cost £343 in fuel/charging over a 12-month span. In the National Travel Survey 2017, the average annual mileage for cars in the UK was estimated to be 7,800 miles. Purchase costs are also lower for the majority of petrol models compared to similar EVs. benchmark for fuel costs across petrol, diesel and electric? Electric vs Petrol and Diesel Cars . models with similar performance – the key stats are summarised in the table below: Please note: The price per unit of fuel is based on UK average at the time of writing; any significant changes in fuel price will have a direct impact on cost per mile, and overall journey cost. when you factor in maintenance costs, electric starts looking like an even more travel 225 miles to their destination. In the diesel Golf, the cost will be £1,014.00. A more useful Mirai gauge involves measuring the fuel cost per mile and comparing it with, say, a 40mpg petrol car. VW ID.3 Standard range concept. However the price is still very expensive in comparison to electricity and thus makes up the majority of the cost of running a petrol or diesel vehicle. In 2018, the Volkswagen Golf was the second-best-selling car of the year, and the Golf has cemented its place as a firm favourite in the hatchback segment with motorists of all ages. We are only able to offer finance products from these providers. If you visit the supermarket twice a week, and drive there and back, the picture becomes a bit more convincing. And don’t The future of Jaguar Land Rover: JLR design boss reveals all, Head-to-head: the best car group tests of 2020, Cat S and N cars: new insurance write-off categories. In the battle of electric vs petrol vs diesel, we’ve calculated the exact cost of three different journeys, with help from the incredibly useful Journey Cost … petrol Golf costs £605.43 a year, the diesel Golf £562.18, and the electric For example, when you compare the Volkswagen Golfto its e-Golf sibling, the standard Golf is £9,000 cheaper t… So how much will driving two miles to the supermarket actually cost you? Or see our electric cars available to buy right now! over £40 – enough for a meal out with your partner, for example. A survey carried out by Banner Homes suggested that the perfect distance between a house and the supermarket is two miles. Go for On the strength of the examples Add to this that electric cars are virtually maintenance-free, and you can see why they are becoming so popular these days! Assuming you commute in both While Mr. Burns still has to drive to the petrol … Anca Young, insight and intelligence manager at Thatcham Research, commented: “Although the cost of lithium-ion batteries used in EVs is reducing, they remain more expensive than conventional internal combustion engine (ICE) powertrains and are therefore generally more expensive to purchase. Using the fuel cost calculator. The Doing the same with a petrol-powered model would cost £53,625. … Gerry McGovern’s new role is helping to define JLR brands, not just the look, while encouraging designers to think big and dream... Every month we perform a series of car group tests - these were the best ones of 2020. fewer moving parts. By accepting you are agreeing to our recommended use of these cookies. Electric cars are quickly becoming an appealing alternative to traditional fossil fuel-powered vehicles, but how do the running costs stack up? the electric Golf, though, and it’ll be just £16.65. above, there are clearly significant savings to be made by switching to Our analysis also shows that with the ban on new non-electric cars set to come into force in less than 15 years’ time, Britons could already be saving money by switching from a traditional petrol or diesel car to an equivalent electric model. That makes the average EV 58% cheaper than the average petrol car. distance, and any opportunity to shave a bit off the cost is one worth making New Cat S and Cat N insurance write-off classifications have replaced the old Cat C and Cat D groups; we explain all. answer… electric cars are much cheaper to run based on fuel costs alone. However, a petrol car would cost around £10 or 10p per mile if fuel cost £1.24 per litre and we assume the UK’s average new car fuel consumption in 2018 was 50.5 miles-per-gallon for petrol cars. Nissan Leaf comparison Initial extra cost £2590 Annual saving £688 Miles to break even 37,625 miles Days to break even 1373 days. That’s a huge saving of more than Do you think an electric car would be cheaper for you? The verdict — electric car running costs vs petrol . Currently, hybrid and electric pricing starts higher than petrol or diesel because of the battery – the complexity of production and materials used. Electric cars are already cheaper to own and run than petrol or diesel cars in the UK, US and Japan, new research shows. For annual miles driven, we went with 15,000—the de facto average mileage stat for … Example vehicle cost comparison figures based on annual mileage of 10,000 miles. Servicing costs are also lower than a petrol car… Audi A3 Sportback 1.2 TFSI SE. 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