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The ultimate cost of electric cars

5th January 2022

Electric cars are becoming increasingly popular due to their environmentally friendly nature – electric  vehicles produce significantly less carbon emissions than their fuel engine counterparts. With the UK government planning to become net-zero by2050, the switch to electric cars is seemingly becoming more common. Learn more about the benefits of electric cars in our helpful blog.

How much do electric cars usually cost?

In recent times electric cars are becoming far more accessible, second-hand electric cars are very inexpensive and can be bought for approximately £5000. Whereas, a brand new electric car will put in the range from £30,000-£100,000. All of this depends on what kind of make and model you are looking for, as the price range tends to be quite similar to fuel cars.

How much does it cost to run an electric car?

Although, one concern many people have is the cost of running an electric car. There are many things to consider such as charging, replacing parts and other expenses to consider - our helpful guide analyses all the added factors of buying an electric car.

Similar to fuel cars, the cost of running an electric car will depend on the model of the vehicle. The good news is electricity is significantly cheaper than fuel or petrol – therefore, you are more likely to save more on fuel costs. In addition to this, there are plenty of government incentives to switch to electric cars. You could potentially save money on Vehicle Excise Duty.

In terms of maintenance and servicing, having an electric car can save you more money. This is as there are fewer parts to maintain, as the car is powered by an electric motor instead of an internal combustion engine.

How much does it cost to charge an electric car?

The cost of charging your electric car can differ depending on the rate of charging - typically, you can get a full charge for just £9 over a period of 8 hours. For full details, be sure to consult our helpful guide.

How much does it cost to insure an electric car

 The cost of insuring an electric car tends to be more expensive than fuel-powered cars. This is because electric vehicles are more powerful than fuel counterparts, and therefore present a higher risk. Secondly, electric cars are more expensive to replace than the standard car.

For any electric car maintenance, the experts at Merityre are here to help. Our team of electric vehicle specialists, can help with all kinds of repairs, servicing and maintenance for electric vehicles.