Should I buy an electric car?

So you’ve been thinking about making the switch to an electric car, but you’re still unsure whether the time is quite right. After all, the Government keeps on providing fiscal incentives to go electric, while seemingly clobbering drivers of petrol and diesel cars with taxes, so the financial case is already strong.

The thing is, are electric vehicles (EVs) good enough, is the charging infrastructure widespread enough, and do the financial incentives really offset the higher initial price of an electric car? With this advice guide, you can make an informed choice about whether or not the time is right for you to make the change.

Go Ultra Low members boast 15 ULEVs across a range of segments (Image: OLEV)

(Image: OLEV)

  • Electric cars are more expensive than conventional ones
  • But a range of grants and subsidies are available
  • Electricity is cheaper than petrol or diesel
  • There are some very compelling tax breaks, too
  • An EV could well save you money overall
  • Driving an electric car is enjoyable
  • They’re usually fast and very quiet
  • Also very easy and relaxing to drive
  • They usually come with lots of equipment and technology
  • And obviously, they’re good for the environment

Low running costs/subsidies/grants

It’s true that electric cars are expensive to buy compared with petrol or diesel cars, but that’s not the full story. If you think about how much your car will cost overall during the lifetime of the car, then the reduced running costs could well make up that difference, and then some. The good news is that an electric car can save you cash in a wide variety of ways, and once you add them all up, the cumulative savings can be really compelling.

Obviously, the first saving you’re going to make is on fuel. An electric car might not be able to travel as far as a combustion-engined car when they are both fully filled/fully charged, but charging a car up with electricity is much cheaper than filling it with petrol or diesel.

How much cheaper? Well, that depends on a number of things. If you’re charging at home, what sort of electricity tariff are you on? Are you charging overnight or at peak time? Or, if you’re regularly relying on public chargers, what are you paying in terms of subscriptions to providers, and in terms of power costs? Also, how much charge can your electric car hold? The variables are numerous.

Read more: CarWow

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