The average annual electricity cost of a popular small EV such as a Nissan Leaf or Renault Zoe is around £250.
For a petrol car with typical fuel efficiency of 38 miles per gallon, the annual fuel cost based on current pump prices is around £1,210.
New AutoMotive co-founder and head of policy Ben Nelmes said the spiralling cost of petrol and diesel is “making electric cars more attractive than ever”.
He told the PA news agency: “Commuters and those living in areas with poor public transport connections continue to take the brunt of the cost-of-living crisis for their reliance on petrol and diesel vehicles.
“Meanwhile, sales of new electric cars are booming and the second-hand market is growing rapidly too, helping electric cars to become more and more affordable.
“This is a promising trend, but ministers must explore ways of offering targeted support to encourage Britain’s most active drivers to make the switch to electric cars.
“This would reduce emissions faster, help those hardest hit by rising fuel prices, and reduce the UK’s reliance on imported fuel, including Russian diesel.”
Read more: EveningStandard