Even drivers unable to charge at home would save money with an EV – study

Even drivers unable to charge at home would save money with an EV – study
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Even drivers unable to charge at home would save money with an EV – study
Author: Neil Lancefield
Published: Feb, 27 2025 15:22

Summary at a Glance

Ginny Buckley, founder of EV buying website Electrifying.com, said: “Although the upfront purchase price of a new EV may be marginally higher in some cases, our comprehensive analysis reveals that lower maintenance and running costs can save drivers thousands of pounds over the vehicle’s lifetime.”.

Fifteen new EV models were assessed for three ownership models over a typical four-year term, with three annual mileage levels considered, and whether they would be primarily charged at home or in public.

The Cost of Driving Electric study looked at a total of 480 scenarios, comparing the cost of ownership for 50 EV models with their petrol or diesel equivalents.

Most drivers would save money by switching to electric motoring – even if they would not be able to charge an electric car at home, according to a new report.

James Court, public policy director for EV leasing company Octopus EV, said: “EVs save the consumer money.

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