Last week we brought you in-depth information about improvements to electric vehicle range figures.
Part 2 this week continues our electric vehicle myth-buster series, with the historical barriers to buying electric and why you might be able to switch to an EV sooner than you think.
Myth 2 – EVs cost a lot more than petrol or diesel options
EVs are often at a higher price point, which can be off putting when comparing against the seemingly lower cost of a petrol or diesel equivalent of the same model.
All EVs currently qualify for a government grant of £3,500 and many manufacturers will provide their own discounts as well.
One of the reasons for the higher upfront EV cost is the lithium-ion battery which powers the vehicle – in order to be effective and long lasting the process is complex and makes them costly to produce. Most people will lease the battery which reduces the upfront cost, and also means any issues are covered by the manufacturer.
The other reason for the additional cost is simple supply and demand – not as many electric vehicles are made which keeps the price tag high. As more EVs are made to meet (hopefully) increasing demand this will reduce the price point and make them accessible to more people.
The higher upfront costs of an EV are also offset by the much lower running costs. For example, an e-Golf with a 35.8kWh battery costs just £4.30 to charge and has a real-world range of around 125 miles. Some electricity companies will also provide special lower tariffs for charging overnight.
EVs also have fewer parts that will wear out – namely the battery and the electric motor. Even the brakes won’t need replacing as often as they act as a charger for the battery when they’re being used! All the mechanical components that might need replacing on a standard car such as oil, belts, head gaskets, air filters and so on, none of these will apply when maintaining your EV.