The UK government has pledged £500 million over the next five years to support the development of a fast-charging network for electric vehicles… This is wonderful news for individuals interested in electric vehicles because the cost of ownership will drop! Let’s see what we can come up with…
Electric cars are becoming increasingly popular, and they are regarded a more environmentally responsible alternative because they emit no emissions. The cost of purchasing and operating an electric vehicle is examined in this article.
Electric cars are getting more affordable as their popularity grows, with many electric automobiles now costing approximately £16,000. Prices vary widely based on the make and model, just like they do with regular cars. Luxury electric automobiles are also gaining popularity. Tesla is perhaps the most well-known, but a growing number of luxury car manufacturers are now developing luxury electric vehicles. Mercedes is selling the Mercedes EQC 400, an electric SUV, for £70,000. Fiat, Skoda, Mazda, and Vauxhall make the most affordable electric automobiles. The Skoda CITIGOe iV is the cheapest automobile on the market, costing just £15,000.
One of the benefits of electric automobiles is that they can be less expensive to operate and will likely cost you less money over time. The costs of operating an electric car, like those of standard gasoline engines, vary depending on the type.
Electricity is far less expensive than gasoline or fuel. When compared to an internal combustion engine, electric cars also require less maintenance (ICE). In addition, the government provides numerous incentives in the form of subsidies or initiatives, as well as discounts or exemptions from Vehicle Excise Duty and Fuel Duty.
The cost of charging your electric car at a public charging station varies based on the location and network of charging stations. Some local governments offer a pay-per-session option as an alternative to charging on the street. If you have a network subscription, they may also be free to use. The price of a public charging station varies based on the power rating and whether it is slow, quick, or rapid.
Motorway service stations are commonly equipped with rapid charging stations. Rapid charging points are one of the most expensive solutions, even if they can be free for some vehicles. This is because they are more convenient because they offer a faster charging alternative, allowing an electric car to reach 80 percent charge in 20-40 minutes. For 30 minutes of charging, pod point rapid chargers cost on average £6-7.
The Tesla Supercharger Network features locations across the United Kingdom that are frequently free of charge for Tesla owners with older vehicles. Tesla owners who purchased their car after 2017 may only be eligible for a limited number of free charging hours. The cost of charging for non-Tesla drivers will vary depending on the network used.
ChargeYourCar, GeniePoint, and Ecotricity are just a few of the major public charging networks in the UK that sell charging cards for electric cars. Before using public charging stations, you must first become a member of a scheme.
The majority of electric car owners choose to charge their vehicles at home. As a result, choosing a decent home energy tariff is critical because the charges will be included in your home electricity bill. The cost will also be determined by how much you charge and the type of charger you have. A home charge station costs £1000 to install, although there are incentives available from the Office for Zero-Emission Vehicles (OZEV) to help with the expense.