The cost of running an EV vs a petrol or diesel car comes down to:
- Initial purchase cost
- Running costs
- Insurance
- Government assistance
Remember, the UK government plans to end the sale of petrol and diesel cars by 2030. EVs are typically more expensive to buy than traditional petrol or diesel cars. This is due to the technology still developing, as well as lower overall demand. As time goes on, the price of EVs is likely to come down. Advancing technology is lowering production costs, and a growing second hand market means more chances to get a great deal.