In February this year, it was announced that the ban on selling new fuel and petrol cars will be brought forward from 2040 to 2035. This follows claims that the original deadline was too late for the UK to reach the target of emitting net zero carbon emissions by 2050.
Although this won’t eradicate non-electric cars, the aim is to encourage more people to make the switch. After the deadline, it’s likely the prices of EVs will sky-rocket as the cost has already risen by 18% since 2013 and the current government schemes to help the cost of EVs may have ended. Before your hand is forced, invest now to save you money in the long run.
If you’re still unsure whether EVs are for you, here are some other benefits to consider.
It’s common knowledge that EVs are better for the planet. Pure EVs release zero carbon emissions which helps to dramatically clear air pollution. You can also charge them with renewable energy if you want to lower your carbon footprint even further, which will help to achieve carbon neutrality. Those interested can learn more about this over here.
Government grants and schemes
There is a large initial cost to purchase an EV (the average family EV will cost around 25,000) but you may be able to receive a discount of up to 35% from the Plug-in Car Grant. New cars with carbon emissions of less than 50g/km and that can travel at least 70 miles without releasing any emissions can qualify. The price cut, which is capped at 3,000, is provided to car dealerships or manufacturers to apply to the purchase price.
The Office of Low Emission Vehicles (OLEV) government grant offers a discount of up to 350 off of at-home EV charging portals. BOXT provides an online tool that asks you a few simple questions about your home and vehicle to discover if you qualify for the scheme. If you and the charger are eligible for the discount, the price will be automatically adjusted so you don’t have to go through the hassle of claiming the grant.
Driving into London can be expensive due to the Congestion Charge of 15 per day. If you visit the city frequently, gain exemption from this cost by registering your EV with Transport for London for 10 yearly.
You are also exempt from paying road tax if you drive a pure EV.
Save money in the long-term
BuyaCar claims charging an EV costs 3.7p per mile, whereas fuelling petrol cars costs 14.2p per mile. There are many free public charging portals for EVs across the country as well. However, the fee depends on the charging point’s network, location, and power rating. At a rapid charging point, you could attain around 100-miles within 30 minutes for an estimate price of 6.50.
If you have an at-home charging portal, EDF Energy currently offers a tariff of 8p per kWh during off-peak hours (9pm to 7am). Fully charging a 60kWh EV on this rate would cost 4.80 and give you 200 miles of range. To lower your energy bills further, look for providers with discounts for EV drivers and monitor your usage via a smart meter.
EVs cost an average of 23% less to maintain and service than petrol models, according to research. EVs have fewer moving parts which make services far simpler and reduces the likelihood of needing replacements. They all have a form of regenerative braking which is highly efficient and results in less wear and tear.
If you lease the EV, repair and maintenance costs are often included in the monthly instalments. You also don’t need to worry about the MOT if the car is new and the lease is for no more than three years.
Convenience with at-home charging
Charging your EV can work flexibly around your schedule if you install an at-home charger, through companies like Aardvark Electric (https://aardvark-electric.com/2020/08/07/why-you-should-invest-in-a-home-ev-charging-station/). With an EV charger, you have the ability to charge it overnight so it’s ready for work the next morning or whenever it’s not in use so it’s always ready to go. This can save you the trouble and time of using public charging portals.
Switching from a petrol-fuelled car to an EV is a big change but there are plenty of advantages to make it worth your while. It can help you become more eco-friendly, cut costs and save you time.