With global fuel prices fluctuating and increased government investment in incentives designed to reduce carbon emissions, more UK road users are getting in on the Electric Vehicle (EV) trend. While the initial cost of purchasing an EV may be higher than that of a petrol or diesel car, it’s been well established that drivers can make significant long-term savings by going electric – but which EV models provide the most ‘bang for your buck’ if you’re thinking of making the switch?
Reduce your monthly outgoings by going electric – By choosing an EV or similar low-emission vehicle, you could make significant savings in auto outgoings each month, whether it be paying less money to fill up or charge your car at the petrol pump/charge point or paying less road tax each year. With fuel prices continuing to rise, EVs are an increasingly cost-effective alternative to using petrol or diesel to run your car – these are considerably more expensive to fill up and run a vehicle (around 80% and 50% more expensive respectively). As well as being cheaper to run, EVs and low-emission vehicles will cost you less in road tax due to the UK government’s commitment to reduce taxes for green vehicles. By investing in ‘return to invoice’ GAP insurance coverage for your EV, you’ll also be able to ensure you recoup all of your money should you happen to stake a claim in the case of theft or a write-off, reducing potential monetary loss. Let’s take a closer look at some of the most popular EVs with UK drivers this year:
– Hyundai IONIQ Electric – The Hyundai IONIQ Electric is undoubtedly one of the cheapest cars to run right now, costing just 6.3p per mile in charging costs. This zero-emission EV is designed with a sleek, aesthetically pleasing coefficient drag that makes the car even more aerodynamic and cheap to run.
– KIA e-Niro – Clocking in at just 6.8p per mile in running costs and with a reported range of 282 miles, the KIA e-Niro is one of the most cost-effective and popular electric cars on the road this year. This small family SUV is renowned for its comfortable, roomy interior, making it perfect for those long drives with the kids.
– Fiat 500 Cabrio – Running at 7.0p per mile, the Fiat 500 Cabrio is another great hybrid electric car that’s currently available to purchase in both classic 500 and 500C soft-top styles. Inspired by the iconic city car, the Fiat 500 Cabrio incorporates a range of cutting-edge green tech to provide a smooth, cost-effective and thoroughly modern driving experience.
– Fiat 500 Hatch – This all-electric juggernaut is only slightly more expensive to run than the Cabrio, at 7.1p per mile. With a reported 199-mile range, this pure EV is perfect for commuters and those looking to reduce their auto outgoings each month.
– BMW i3 – Also clocking in at 7.1p per mile, the BMW i3 is a popular battery electric vehicle that can be easily and cheaply powered from the mains. Following a unique, stylish design and packed with disruptive tech features, the BMW i3 encompasses all that’s great about the new breed of EVs.