ARE ELECTRIC CARS MORE EXPENSIVE TO BUY / OWN?
Electric vehicles do carry a higher price tag compared to their petrol or diesel equivalents, when the headline list price is only considered. The logical way to compare is to consider Total Cost of Ownership (Buy price Plus running costs) over a 4 year period which is a time frame of many attractive PCP and lease offers. EV owners find the much lower running costs more than offset the headline list price over that period. The more Kilometres driven the sooner EV’s close that gap and become more costs effective over their lease period.
For those with company cars there is no Benefit in Kind (BIK), a big saving!.