Some electric vehicles (EVs) are cheaper over a seven year-period than a petrol or diesel alternative, according to research conducted by LV General Insurance.
The researchers examined the purchase, financing and running costs for nine popular EV models and their petrol and diesel equivalents.
They found that three of the nine EVs: Nissan Leaf, WV ID3 and MG ZS EV were cheaper.
The MG ZS EV had the biggest long-term savings – £13,316 on outright purchase over seven years, £5,772 via a standard lease agreement over four years and £2,320 via a standard PCP arrangement over three years.
The savings on EVs is heavily driven by lower annual running costs. With EV drivers saving an average of £109 per month.
Additionally, with electric cars traditionally having a longer life span and requiring less maintenance, the savings can be even bigger.
Read more: airqualitynews.com
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