Study breaks down electric cars against their petrol equivalents

The LV= Electric Car Cost Index, created in partnership with Euan McTurk of Plug Life Consulting, has explored the purchase price, tax, insurance, fuel, and maintenance costs for 13 pure electric cars against their petrol or diesel equivalents to establish the total cost of ownership. It found that the Nissan Leaf, MG5 Long Range Excite, and the Mini Electric Level 1 were three of the best value electric cars for drivers considering going green.

The same three electric cars turned out cheaper whether bought, leased, or financed via PCP agreement.

Charging Hub with eVolt Rapid Chargers (Image: SWARCO eVolt)

Charging Hub with eVolt Rapid Chargers (Image: SWARCO eVolt)

All 13 electric cars analysed were cheaper than their petrol or diesel equivalent models if bought upfront, saving drivers £3,862 over the average ownership period of seven years. Seven of the 13 were cheaper across a four-year lease term, while four were cheaper on a three-year PCP agreement.

Read more: InsuranceBusiness

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