Many people in the UK are thinking about making the switch over to electric cars. With improvements for environmentalism, cost savings and a modern cool factor, an electric car can be a very tempting idea if you are looking for a new vehicle. What many residents in the UK want to know however is whether or not an electric car might actually be practical to own?
Change is on the way
In the UK it seems as though the government is focusing on the use of electric vehicles. Cities like Oxford are banning the use of diesel and petrol vehicles from its city center by the year 2020. Other areas of the UK will ban the sale of new petrol and diesel cars by the year 2040. Getting into a new EV today could be a great way that you can start adapting to this change.
In cities like London where there are T charges of up to £10 just to drive through the city on top of all of the congestion charges, the cost of traditional vehicles can get expensive for the average commuter. A daily charge for a toxic T charge vehicle with a congestion charge added could be around £21.50 at current rates. An EV could allow for a much cheaper commute in such populated cities and this is partially why the demand for EV’s in the UK is growing
Government incentives for immediate savings
The UK government is currently offering massive incentives for drivers that are interested in switching over to EV’s. A discount of up to £4500 for a full EV and £2500 for plug-in hybrids is available to supplement the cost of the purchase on one of these vehicles.
The cost of owning one of these vehicles is also significantly decreased with the lesser maintenance that they require and the extremely low cost of power. An EV costs around two pence per mile and £2-3 to complete a full charge cycle at home. To go the average of 100 miles that most budget EV’s are able to do on a full charge, a person might have to spend £9-13 depending on their fuel economy with a diesel or petrol equivalent.
The cost of servicing one of these vehicles is also incredibly simple as their engines are made with just one moving part for far less costs. The estimated cost of owning and Nissan leaf in the UK is around £11 of maintenance every month. Owning a typical Ford focus petrol vehicle however could cost you as much as £30 or more a month to keep up with the maintenance.
Improvements to resale value
EV’s are also holding their value considerably better than any other used vehicle in the UK. Popular models like the Tesla model S are able to retain 83% of their value after one year as much as 57% of their value after three years. Selling a used EV can lead to far less value lost as soon as you drive it off the lot.
Is it practical for use in the UK?
Owning one of the budget electric vehicles in the UK may not present you with what you need for a long commute, but if you find yourself regularly driving under 100 miles in a typical day, you can easily manage with one of these vehicles. The range and cost of EV batteries is progressing at a rapid rate and with some of the most advanced EV’s on the market achieving ranges in excess of 265 miles, it could be only a matter of time before some of the budget models averaging 100 miles are able to improve their range.
Although you may not have to switch to an electric car immediately, it does present some advantages especially if you have a short commute. With standards in the UK turning to a more environmental initiative and with the range of electric vehicles improving, it seems as though one of the next generations of electric vehicles could be an absolute requirement for UK residents.