Petrol vs Electric Car Running Cost Calculator
| Factor | Petrol Car | Electric Car |
|---|---|---|
| Fuel Cost per Mile | £0.10 – £0.15 | £0.03 – £0.07 |
| Maintenance Cost per Year | £200 – £500 | £100 – £300 |
| Road Tax per Year | £0 – £300 | £0 |
| Charging Cost per Mile | N/A | £0.03 – £0.07 |
| Total Annual Running Cost | £800 – £2000 | £300 – £800 |
FAQs
Which is cheaper to run electric or petrol car?
Electric cars are generally cheaper to run compared to petrol cars due to lower fuel costs and reduced maintenance expenses.
How much money do you save on petrol with an electric car?
The amount of money saved on petrol with an electric car varies depending on factors such as driving habits, electricity rates, and the efficiency of the electric car. On average, you could save hundreds to thousands of dollars per year.
How much does it cost to charge an electric car compared to petrol?
Charging an electric car is typically cheaper than filling up a petrol car with fuel. The cost of electricity per mile is usually lower than the cost of petrol per mile.
How much does an EV cost per mile UK?
The cost per mile for an electric vehicle (EV) in the UK varies depending on factors such as electricity rates and the efficiency of the vehicle. On average, it can range from 2 pence to 7 pence per mile.
Can you still save money by driving an electric car?
Yes, driving an electric car can still save you money compared to driving a petrol car, especially considering lower fuel costs and reduced maintenance expenses over time.
Is electric cheaper than petrol per mile?
Yes, electric cars are generally cheaper to run per mile compared to petrol cars due to lower fuel costs and reduced maintenance expenses.
Are electric cars more expensive to insure?
Electric cars can sometimes be more expensive to insure due to factors such as higher purchase prices and specialized repair costs. However, insurance rates can vary depending on the specific model and insurer.
Is it worth switching to an electric car?
Switching to an electric car can be worth it for many people, considering potential savings on fuel and maintenance costs, as well as environmental benefits.
Does Octopus energy have an EV tariff?
Yes, Octopus Energy offers tariffs specifically designed for electric vehicle owners, providing discounted rates for charging during off-peak hours.
Is it worth buying an electric car UK?
For many individuals, buying an electric car in the UK can be worth it due to potential long-term savings on fuel and maintenance costs, as well as environmental considerations.
Do electric cars increase your electric bill UK?
Charging an electric car at home will increase your electricity bill, but the amount will depend on factors such as your driving habits and the efficiency of the vehicle.
How much does it cost for 1 mile of petrol?
The cost of 1 mile of petrol varies depending on fuel prices, but on average, it can range from 10 pence to 20 pence per mile.
Do you still get 45p a mile for an electric car?
In the UK, the government currently provides a tax-free allowance of 4 pence per mile for business travel in fully electric company cars.
Can you claim 45p mile electric car?
No, the standard 45 pence per mile allowance for business travel only applies to petrol, diesel, and hybrid cars.
How much does it cost to drive 100 miles on electric?
The cost to drive 100 miles on electric can vary depending on factors such as electricity rates and the efficiency of the vehicle. On average, it may cost around £3 to £6.
Do electric cars lose value quickly?
Electric cars tend to depreciate faster initially due to rapid technological advancements, but their resale value stabilizes over time.
Do electric cars need servicing?
Electric cars generally require less servicing compared to petrol or diesel cars, as they have fewer moving parts and don’t require oil changes.
Do electric cars lose mileage over time?
Electric cars can experience some degradation in battery capacity over time, leading to a reduction in driving range. However, this degradation is typically gradual and varies depending on factors such as usage and battery chemistry.
How much does it cost to run an electric car vs petrol UK?
On average, it can be significantly cheaper to run an electric car compared to a petrol car in the UK, potentially saving hundreds to thousands of pounds per year in fuel and maintenance costs.
Why petrol cars are better than electric?
Petrol cars may have advantages in terms of longer driving ranges and more extensive refueling infrastructure, but electric cars offer benefits such as lower running costs and reduced emissions.
Do you pay road tax on electric cars?
In the UK, electric cars are exempt from paying vehicle excise duty (road tax) due to their zero-emission status.
How much is EV insurance UK?
Insurance rates for electric vehicles in the UK can vary depending on factors such as the model of the vehicle, driver history, and coverage options. On average, it may cost slightly more than insuring a comparable petrol car.
How much is Tesla insurance UK?
Insurance rates for Tesla vehicles in the UK can vary depending on factors such as the model of the car, driver history, and coverage options. Generally, they tend to be higher due to the higher purchase prices and repair costs of Tesla vehicles.
Why are electric cars so dear to insure?
Electric cars may be more expensive to insure due to factors such as higher purchase prices, specialized repair costs, and perceived risks associated with newer technology.
Is there a downside to electric cars?
Some potential downsides of electric cars include limited driving range, longer refueling times compared to petrol cars, higher purchase prices for some models, and challenges related to charging infrastructure.
Do electric cars need an MOT?
Yes, electric cars in the UK are subject to the same MOT (Ministry of Transport) testing requirements as petrol and diesel cars once they are over three years old.
Are hybrid cars being phased out?
While there’s a growing shift towards fully electric vehicles, hybrid cars are still being produced and sold, although some countries have announced plans to phase out internal combustion engine vehicles in the future.
Is Octopus electric cheaper than British Gas?
The cost of electricity tariffs from Octopus Energy and British Gas can vary depending on factors such as your location and energy usage. It’s advisable to compare tariffs from different providers to find the best option for you.
Who is cheaper octopus or ovo?
The cost of electricity tariffs from Octopus Energy and OVO Energy can vary depending on factors such as your location and energy usage. It’s advisable to compare tariffs from different providers to find the best option for you.
Do I need to tell my energy supplier I have an EV?
It’s a good idea to inform your energy supplier if you have an electric vehicle, as they may offer specific tariffs or advice on charging your EV efficiently. This can help you optimize your electricity usage and potentially save money on charging costs.