Fuelling EVs almost £600 cheaper than petrol alternatives

New Research from Compare the Market has revealed that electric vehicles (EVs) are now £579 cheaper on average to run than a petrol car, when taking into account the cost of insurance, fuel, and road tax. This comes as the UK continues to grapple with an unprecedented resource shortage – bumping up diesel prices by 40% and petrol prices by a third since this time last year.

Electric cars have seen a substantial growth in popularity – with research from the Society of Motor Manufacturers and Traders indicating that EVs now make up around one in three new car sales. The cost of living crisis is likely to drive this number up, as employees are set to face the biggest squeeze, with the rise of petrol and public transport costs presenting a challenge across the UK. Mark Sait, CEO and founder of sustainability experts, SaveMoneyCutCarbon (SMCC), explains that the price hike will likely generate greater demand, and in turn generate a more affordable, accessible and sustainable way in travelling around.

With the government’s recent announcement that the Electric Vehicle Homecharge Scheme (EVHS), those living in properties such as bungalows, detached, semi-detached or terraced houses looking to qualify for a £350 subsidy will need to submit their claim before April 30th. In line with this, SMCC offers OZEV approved, grant fundable, high-quality and long-lasting EV charging cables to assist with reducing oil usage. You can find these on their online shop-front.