Drivers urged to save £1,800 a year by ditching petrol and diesel vehicles and switching to electric. Moving to an electric vehicle could help motorists save as much as £1,800 a year as petrol and diesel costs continue to soar amid the Cost of Living crisis.
UK households tend to spend around £1,400 a year on fuel, but with rising prices at the pumps, this will soar. In comparison, UK motorists can save by switching to an EV, with new data showing drivers could save around £110 a month, or £1,320 a year when switching to an electric car from a petrol vehicle.
Similarly, transitioning from a diesel car to an EV could save £1,200 a year, while SUV owners would make the most savings at around £150 a month or £1,787 a year. Scott Martin, group electric vehicle specialist at Dick Lovett, has spoken out over the savings.
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He said: “With the cost-of-living crisis a concern for our customers, we’re committed to finding ways to lower the running costs of the cars we sell. Our research found drivers can save a significant amount of money each month by switching to an EV and charging at home, which also appeals to car brands under pressure from the Government to promote electric cars for environmental benefits.
“Going electric is the only way to escape the spiral of rising fuel prices and control car costs." Electric cars exempt from the congestion charge until 2025, when this will be reviewed.
Electric Vehicles are exempt from tax, too. The electricity must come from an external source or an electric storage battery not connected to any source of power when the vehicle is moving to be exempt.
Admiral says: "From the UK electric vehicle grant to a range of exemptions on road tax, congestion charges and more, there are many ways to save money by switching to an electric vehicle."
