EV Cost savings
Tax
There are currently many tax benefits for ultra low emission and plug in vehicles (ULEVs).
The Driver - Benefit in Kind (BIK) tax (or company car tax) is greatly reduced for ULEVs.
The Company - Class 1a NIC is based on the drivers BIK so that reduces also, and there is zero vehicle excise duty for pure electric vehicles. In addition cars emitting 50g/km and below have improved writing down allowances, and are not subject to lease rental restrictions.
Fuel cost
This is typically the biggest cost saving for an electric vehicle. A pure electric car or a plug-in hybrid (PHEV) in electric vehicle mode can cost as little as 6-8 pence per mile, and with some free public charging points even less. An equivalent efficient diesel car would typically be 11-13 pence per mile and petrol cars even more.
Vans will see similar cost savings dependent on payload. So driving a pure electric car or PHEV in electric vehicle mode can yield significant cost savings and environmental benefits.
Maintenance
Pure electric vehicles have much less moving parts and fewer requirements for oil changes / spark plugs and the like. This means they are typically much cheaper to maintain and in our experience very reliable.
Plug in Hybrids which have both an electric system and an internal combustion engine are normally similar to that of a traditional diesel or petrol equivalent as they still have the engine and gearbox to maintain.