Mid-size EVs more affordable than petrol and diesel in UK

Compact EVs are fully cost competitive in nearly half the countries surveyed in LeasePlan's annual Car Cost Index.

Mid-size electric vehicles (EVs) are now more affordable than petrol and diesel cars in the UK, according to new analysis.

LeasePlan has just released its annual Car Cost Index, analysis that reveals the true cost of owning a car – including fuel, depreciation, taxes, insurance and maintenance – in 18 European countries including the United Kingdom.

The data also shows that whilst compact EVs are fully cost competitive in nearly half the countries surveyed including the UK, no country currently has cost-competitive EVs in the executive market.

Alfonso Martinez, managing director of LeasePlan UK, said: “The results from our latest Car Cost Index confirm that EVs are no longer a luxury for the few, and are quickly becoming a viable option for all drivers. This is particularly reassuring in light of recent news that the UK Government is poised to bring forward the date for the ban of sales of new fossil fuel vehicles to 2030 – an ambitious move that we are fully behind.

“The automotive industry is working tirelessly to make electric driving a reality nationwide, but to truly succeed, the Government must uphold its end of the bargain. We need surety of supply post-Brexit, and significant investment in a universal, affordable and sustainable charging infrastructure. Only then will we be able to make a full switch to EV and support the UK’s wider effort to achieve net zero carbon emissions by 2050.”

Click here for the full report.

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