A new report reveals that the time could be right for drivers to start buying electric cars. Currently, sales of battery powered motors are tiny compared with conventionally fuelled vehicles. That will eventually change with the government demanding all new cars sold from 2040 are electric. But drivers who switch now could reap significant rewards immediately.
Electric car questions persist despite increasing sales every month due to drivers attracted by promises of big fuel savings. The Government and car industry’s Go Ultra Low, a body formed to push the benefits of electric cars, said in September 2015: “There are a whole host of benefits that come with an electric car…You can travel much further using less energy…This means financial benefits for electric car owners, plus our latest figures show that drivers can save around £750 a year in fuel by switching to electric.” But is that really true? We look at whether the costs of buying and running an electric car stack up.
Electric car questions: Does the government grant help?
The government has just confirmed that until February 2016, a £5000 grant is available towards the purchase of any new electric vehicle (EV). However EVs tend to have a more expensive sticker price than equivalent cars with petrol or diesel engines.