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AFV Running Costs

There are many benefits when it comes to choosing an electric or hybrid vehicle but saving on petrol is just the beginning; you may be exempt from the London Congestion charge, you can use some free charging points to top up your vehicle, and they have fewer moving parts so you will save on services and maintenance. 

How much does it cost to charge a EV?

At Home
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The energy price cap for households on a standard variable tariff from 1 January to 31 March 2024 is £0.29 per kWh; at this price, a 100 kWh EV would cost £29 to charge from 0-100%.

Charging costs vary and this depends on a few things like your energy tariff and the type of charger you have.

You can have a home charge point installed for around £1,000 but can reduce that by up to £350 with the Zero Emission Vehicles grant. Or, ask about financing the installation cost. 

Public Charging Points
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When you are on the go and pop to the shop you can sometimes top up for free, however the costs of public charge points does vary depending on the charge point and location.

Another cost variable is the power rating and whether it is a fast charger or not. Lamppost charging tends to be slow, whereas car parks are faster.  

Rapid Charging Points
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If you were to charge at an ultra rapid charging point, usually found at motorway service stations, you can expect to pay 80p per kWh, as of April 2024. 

This does tend to be a little more costly than the other options, but has greater convenience. 

Other than saving money by charging your vehicle, you will also reduce your on the road costs. Discover them below. 

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Reduced Aftercare Cost

Due to electric cars having fewer moving parts, there are fewer things to go wrong! There will be no more oil changes and no tailpipe emission, which means no more emissions tests.

This naturally brings maintenance costs down, cutting your costs up to 40%. 

Government Schemes

The government want people to go electric, so there are some schemes in place to support you when it comes to making the switch. 

Find out more

Road Tax

You can also save on road tax when you change to an electric or hybrid vehicle, as road tax is now based on carbon dioxide emissions, the lower the emissions, the lower the cost.

Fully electric vehicles are exempt for the first year and the following years are also free unless your electric car costs more than £40,000 and even then you will still pay a lower rate. 

Congestion Charge

If you are a frequent city driver, you will save the penny's!

In some cities, you can register your electric vehicle so you will not have to pay any congestion or low emission zone charges when passing through. 

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