Auto Service World
News   January 6, 2024   by Auto Service World Staff

Discover Affordable Electric Vehicles that Fit Your Budget


Electric cars are all the rage nowadays. So, rev up for a greener future and replace your gas guzzler with an electric dream. How much you spend on charging your car every month will largely depend on how many km you’re putting on the clock and where you plug it in. You can check out the Utility Bidder website for more details on electric vehicle energy consumption

The UK government has launched new measures to support electric vehicle drivers and encourage more UK residents to change. These measures include grants for schools to install charge points, funding for local councils to enhance local EV infrastructure, and proposals to increase charge numbers. 

These initiatives, part of the government’s Plan for Drivers, aim to make EV ownership more accessible and convenient, reflecting a commitment to supporting the transition to net zero. With over 16% of new UK car sales in 2023 being fully electric and more than 53,000 public charge points installed, the UK is making significant strides towards its climate change commitments.

The Cost of Owning an EV in the UK: Watt to Expect

Firstly, it’s essential to remember that charging your vehicle at home is way cheaper. Especially overnight, so planning your trips around this might be something you’ll need to adapt to ensure you’re saving as much as possible. 

So what exactly is the cost? Well, it depends on the current electricity price. But to give you an idea, charging an electric car costs around £8.40 for a 60kWh battery at the average electricity price of 14p per kWh. 

For larger 100kWh batteries, the cost increases to £14. Although cheaper than petrol or diesel, electric cars often need more frequent charging due to a lower range (about 200 miles). 

We know electric cars are better for the planet, but what other benefits do they have?

Let’s delve into a few of the pros of owning an EV compared to a “normal” car. 

Benefits

  • Lower Running Costs
  • Home Charging
  • Government Incentives
  • Maintenance Savings

Texas: A Blueprint for EV Adoption? 

It’s well-known that the whole world is shifting towards electric vehicles. The UK plans on completely phasing out petrol and diesel cars by 2030. 

Luckily, the States are ahead of the UK so that we can learn from their mistakes and successes. 

The Auto Service World details Texas’s efforts in promoting electric vehicles through tax exemptions, rebates, and significant investment in charging infrastructure. These initiatives aim to make EV ownership more appealing and practical, addressing common concerns about cost and convenience. 

Adapting similar strategies in the UK, such as providing financial incentives and expanding the charging network, could significantly boost EV adoption, aligning with environmental goals and reducing reliance on fossil fuels.

Predictions vs. Reality

In 2010, a Deloitte study predicted the adoption of EVs to be slow, with only about 10% of car sales being EVs in 2020. However, the UK has surpassed these expectations. By 2020, more than 10 million electric cars were on the roads worldwide. 

To get a better idea of just how exhilarating the purchase of EVs is, we can compare the predictions made by Deloitte with what happened. 

Predictions for 2020

  • EV market share will be between 2% and 5%.
  • The cost of batteries will drop significantly.
  • There will be a slow adoption of EVs among people.

Reality 

  • The EV market share exceeded 5% in many regions before 2020, with significant growth observed globally. 
  • The cost of batteries has decreased substantially, making EVs more affordable. 
  • EV adoption has accelerated faster than predicted, with rapid market growth.

Finding Your Affordable Electric Vehicle

For an electric vehicle, you can pay as little as £15,000 and as much as £80,000 for a Tesla. Choose a car that is in your price range. Apart from the initial cost of purchasing the vehicle, it would help if you kept a few extra factors in mind before making the purchase, such as: 

  • Battery Range: Choose a model that meets your daily travel needs without frequent recharging.
  • Charging Options: Ensure you buy a vehicle compatible with home and public chargers.
  • Available Incentives: Look into government grants and tax benefits for EV buyers.

Conclusion 

Grants, government incentives, forward-thinking policies and affordable vehicles have made it possible for UK citizens to shift gears and drive towards a greener horizon. The UK has embraced this new technology and surpassed all predictions. So, why not plug into this electric revolution by upgrading your outdated fume fiend to a zero-emission eco-hero?  

###sources###

https://www.gov.uk/government/news/rollout-of-electric-vehicle-chargepoints-to-be-accelerated

https://www.iea.org/reports/global-ev-outlook-2021/trends-and-developments-in-electric-vehicle-markets

https://www.autoserviceworld.com