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Is it worth buying an electric car in the UK?

In 2021, electric cars outsold diesel cars for the first time ever.


With less than 8 years left before internal combustion engine production stops in 2030, top car brands are continually developing their electric car ranges. From the Kia e-Niro to the Vauxhall Corsa-e, there are choices abound for you to pick from.


The question still remains, however: is it worth buying an electric car in the UK?


We are going to be looking at 4 key elements to help you make your mind up – purchase price, range, running costs & setting up a charging point.



Purchase price


There are hundreds of options to choose from, bringing about a huge range in price.


The Smart EQ ForTwo coupe starts from just £22,225 and can be leased from £250 per month. For this price, you will get a small, nippy car that is perfect for city living giving you a 60-mile real range on average.



Image courtesy: https://ev-database.uk/car/1230/Smart-EQ-fortwo-coupe


On the other end of the scale, we have the Mercedes EQS AMG 53 4MATIC+ coming in at around £157,160 or from £2000 per month. For this staggering price you can ride in luxury for an average of 350 miles (real range).



Image courtesy: https://ev-database.uk/car/1537/Mercedes-EQS-AMG-53-4MATICplus


The most popular electric car in the UK is the Tesla Model 3, which was also the second best-selling car of 2021, beaten only by the ever-popular Vauxhall Corsa.


This futuristic, smooth saloon can set you back £49,890 and has a real range of 235 miles.



Image courtesy: https://ev-database.uk/car/1555/Tesla-Model-3


Range


Let’s take a closer look at the range of some popular electric vehicles, ranked from best to worst real mile range.

Car

Purchase Price

Range

Efficiency

Mini Electric

£31,000+

110 miles

263 Wh/mi

Nissan Leaf

£28,995+

145 miles

269 Wh/mi

Vauxhall Corsa-e

£28,555+

175 miles

257 Wh/mi

Audi 4 e-tron 35

£44,690+

175 miles

297 Wh/mi

Renault Zoe ZE50 R135

£31,995+

190 miles

274 Wh/mi

Kia Niro EV

£36,245+

235 miles

276 Wh/mi

Jaguar I-Pace EV400

£66,350+

235 miles

360 Wh/mi

Tesla Model Y

£57,990+

270 miles

279 Wh/mi


How does the cost of living crisis affect the viability of EVs?


With the energy price cap increasing from £1971 to £3549 in October 2022, and the average cost of a tank of petrol surging to over £100 for the first time ever, people are becoming more and more hesitant with what they can spend their money on.


This Morning’s prize giveaway now includes an ‘Energy Bills’ option instead of a cash prize… does this remind anyone else of Black Mirror?




The upfront cost of an electric car may put some people off, but it can be a smart decision in the long-term. Despite energy prices increasing, it is still cheaper on average to charge an EV than it is to fill up with petrol or diesel.


The Society of Motor Manufacturers shows that, despite the cost of living crisis, EV sales have increased by 35.5% and the National Bureau of Economic Research shows that EV sales increase when fuel prices increase.

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