- It’s been estimated that today is when EVs are ‘free to drive’ compared to petrols
- Calculation is based on the cost to cover average annual mileage of 7,400 miles
That’s because 1 August marks the date when the cost of filling up a petrol car surpasses the electricity bills to charge an EV for the calendar year, according to one business operating in the EV sector.
It estimates that the average EV owner pays £740 in charging costs per year – and drivers of petrol engine cars will have racked up the same amount in fuel receipts today.
Today is said to be the crossover point when EV owners are ‘driving for free’ compared to those who own petrol cars, says The Electric Car Scheme – a company that helps motorists access government tax incentives for EV salary sacrifice.
Mazda MX-30 EV (Image: Mazda)
It has dubbed 1 August ‘Electric Car Day’ as it ‘underlines just how much more affordable electric cars are, with average EV drivers essentially getting five months of free driving’.
The bold claim comes after it crunched the numbers on annual fuel costs for the average UK driver to travel 7,400 miles a year (the national average in 2019).
The calculation is based on the average price of petrol so far this year (146.26p a litre) and a vehicle returning 38.8mpg, bringing its total annual fuel bill to £1,268.
Read more: ThisMoney
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