Key Insights:

If you’re driving around 10,000 miles a year, switching to an electric vehicle (EV) can lead to significant savings on running costs. Popular electric cars like the Volkswagen ID.3 and Tesla Model 3 offer potential annual savings of up to £630 compared to a Ford Focus Diesel. The BMW 3-Series PHEV Saloon also provides savings over diesel cars, but fully electric vehicles tend to be more cost-effective in the long term.

One of the main reasons electric vehicles save you money is because they have lower maintenance costs. With fewer moving parts than petrol or diesel engines, EVs don’t need oil changes, exhaust repairs, or timing belt replacements, meaning less time and money spent at the garage.

For company car drivers, electric vehicles come with extra financial benefits. Benefit in Kind (BIK) tax rates for EVs are much lower than for traditional petrol or diesel cars, which can reduce your tax bill significantly. Additionally, some cities offer discounts or exemptions on congestion charges for electric cars, further lowering your costs.

Choosing an electric car through CarSupermarket.com is not only a smart financial decision but also helps reduce your carbon footprint and supports a cleaner, greener environment. With the UK’s rapidly expanding network of public EV charging stations, owning an electric vehicle is becoming more convenient and affordable than ever.