Electric vs petrol

The cost of electricity is between 3x and 5x cheaper than petrol on a per mile basis. This can save you between £1,000 and £1,500 per year for a driver doing 10,000 miles a year. The savings depend on where you charge (at home is typically cheaper than on the motorway), and your energy tariff.

Electric cars are cheaper to maintain. As electric cars have fewer moving engine parts, the cost of servicing, repairs and maintenance is typically about half that of a similar petrol car. So, this could save you £500 to £1,000 per year.

If you include a service, maintenance and breakdown cover package with your electric car, you can also save on the cost of maintenance through salary sacrifice.

No road tax to pay. Electric cars are currently exempt from road tax. This can save you over £500 per year compared to cars with high carbon emissions.

You can find out more about road tax here: https://www.gov.uk/vehicle-exempt-from-vehicle-tax

Purchasing a new electric car can be expensive - as electric cars are between 20% and 40% more expensive than new petrol cars. However, government grants and tax saving initiatives such as The Electric Car Scheme make electric cars more affordable than petrol cars.

For example, salary sacrifice helps you save between 30% and 60% when leasing a new electric car. You can browse our cars here.

Typically, car insurance for electric cars is more expensive (as the value of the car is higher, and it’s therefore more expensive to replace in case of a write-off). However, including car insurance with your electric car through salary sacrifice usually means you can also access car insurance at a more affordable cost.

Find out how much you can save by using our handy calculator here.

Finally, some councils offer free, or lower cost, parking for electric cars. And by registering for a low emissions exemption, you can also drive an electric car into the London Congestion Charge Zone for free. You can find out more about that here.

What’s not to like!