Cost of Electric: Cheaper than you think

Here are just few reasons to Stop Wondering. Start Driving.

_{Lower maintenance costs}

_{Petrol and diesel engines are incredibly complex and have hundreds of components that can wear, fail and need replacing. Electric cars on the other hand have just three main components and far fewer moving parts than a combustion engine. That means servicing and maintenance is simpler and cheaper, which saves you money.}

_{Tax benefits}

_{There is no yearly or first-year tax with an electric vehicle, which could save you around £500 over the first three years of ownership compared to a mid-sized petrol or diesel equivalent.}

_{Big savings on BiK tax for company car drivers}

_{Company car tax is already drastically lower if you drive an electric car. But in 2020 it drops from 16% to just 0%! The 0% BiK rate will apply for all pure electric company cars registered before April 6, 2020. This BiK rate increases to just 1% post April 6th 2020 and 2% in 2021/22- that represents a massive saving over a conventional car!}

_{Electricity is cheaper than petrol or diesel}

_{Electricity is cheap, particularly when you charge at home. When you look at cost per mile, driving on electricity can cost around a third of an equivalent petrol or diesel car.}