EVs Now Available for Less Than a TfL Zone 1-2 Travelcard
The Dacia Spring is now available for lease from The Electric Car Scheme from just £112 per month*
Monthly TfL travelcard for Zones 1-2 costs £171.70
Monthly cost is lower than some Sky TV packages and many gym memberships in London.
The Electric Car Scheme has revealed some of the everyday expenditures that are costing Brits more than a brand new EV available through salary sacrifice.
The Dacia Spring, with a range of around 140 miles is available through salary sacrifice with The Electric Car Scheme from just £112 a month, on a four year term and around 5,000 miles a year of driving, including maintenance, servicing, MOT and tyres. This is considerably less expensive than a number of comparable transport options, including a monthly travelcard for Central London, which comes in at £171.70.
Further than that, this is less expensive than many discretionary monthly spends. A Sky TV subscription with all the bells and whistles (Sports, Movies, Netflix, Kids etc) could cost as much as £125 per month based on a rolling contract. It is also less than it will cost for a gym membership in parts of London, such as Virgin Active Bromley in South East London, £119.99 per month.
Affordability remains the biggest barrier to getting behind the wheel of an EV, with data from The Electric Car Scheme indicating that 54% of Brits identify it as their biggest concern, ahead of running costs, reliability and range anxiety.
Other EVs from under £200
As well as the brand new Dacia Spring, the second-hand market has also made EVs more affordable than ever. The demand for these used EVs is so high that they already make up around half of all the EVs The Electric Car Scheme lease. From the used market you could get a FIAT 500E from as little as £193 a month, or a MINI ELECTRIC from just £198 per month.
The Electric Car Scheme CEO and Co-Founder Thom Groot commented:
“Electric Vehicles are getting more affordable and therefore accessible every day and this effect is only set to gather pace as more people make the leap to an EV and as more models become available on the second-hand market. We expect March to be a record month for EV uptake, potentially topping 35% of all new car sales for the very first time, and at prices such as this it is hardly a surprise, especially considering the upcoming increases in Road Tax for petrol and diesel models
We know that the main concern for drivers is, affordability, which was the biggest barrier for 54% of Brits, way out in front of any concerns around range, reliability or resale value. This is why we started The Electric Car Scheme, to make EVs more affordable and help increase uptake ahead of the coming phase-out of traditional cars.”
For further information, contact:
Jamie Lester at Brazil
e: theelectriccarscheme@agencybrazil.com
phone: 020 7785 7383
About The Electric Car Scheme
The Electric Car Scheme is a salary sacrifice employee benefit that allows employees to access electric cars at a 30-60% lower cost. The Electric Car Scheme is the first available offering from parent company, Net Zero Choices. The company was set up in June 2020 after Co-Founders Thom Groot and Tom Eilon found the government's tax incentive for employees to switch to electric and go green impossible to access
For more information visit: www.electriccarscheme.com
About the analysis
Our pricing is based on data collected from The Electric Car Scheme quote tool. All final pricing is inclusive of VAT. All prices above are based on the following lease terms; 5,000 miles pa, 48 months, and are inclusive of Maintenance and Breakdown Cover. The Electric Car Scheme’s terms and conditions apply. All deals are subject to credit approval and availability. All deals are subject to excess mileage and damage charges. Prices are calculated based on the following tax saving assumptions; England & Wales, 40% tax rate, salary £70,000. The Electric Car Scheme Limited provides services for the administration of your salary sacrifice employee benefits. The Electric Car Scheme Holdings Limited is a member of the BVRLA (10608), is authorised and regulated by the FCA under FRN 968270, is an Appointed Representative of Marshall Management Services Ltd under FRN 667174, and is a credit broker and not a lender or insurance provider.
* Term: 48 months, 5,000 miles pa including service, maintenance, tyres and MOT
