- The switch to EV may be easier than ever with the price difference between electric and petrol cars now just 23 percent with 29 new models available for under £30,000.
- Two in five used electric cars are priced under £20,000, providing great value for those on a budget.
- Home charging can save up to £790 a year and the UK now has 75,675 public charge points, including 15,109 ultra-rapid chargers.
Affordable, practical, and convenient: The conditions are right to make the switch to EV
As their popularity grows, the cost of owning an EV is becoming more realistic, making it a viable choice for many more drivers. Auto Trader, SMMT, and ChargeUK’s research shows that now could be the best time for you to make the switch to EV.
The price gap is shrinking
The price difference between new electric cars and petrol vehicles has decreased dramatically. The gap is now just 23%, down from 33% in the past. Some models have even hit total price parity. A combination of technological advancements, production increases, and government grants has made electric cars far more affordable. As more manufacturers get on board, the prices of electric cars are expected to continue dropping, closing the gap even further.
Affordable used electric cars
If you’re looking for an affordable used electric car, you’re in luck. Currently, around two in five second-hand EVs on the market are priced under £20,000. These aren’t old, worn-out models either—many have relatively low mileage and are still in great condition. Auto Trader offers an entire dedicated EV platform to showcase these bargain models.
New EVs for under £30,000, or even £20,000
There are now 29 models available for an on-the-road price (RRP) under £30,000. These cars come with the latest tech and features, ensuring you get great value for money. With new entries from established brands and electric startups, buyers now have a wide selection of cars to fit their needs and budget. For example, VW has just announced the Every1, coming in at an astonishing £16,740.
Significant savings on charging
One of the main advantages of owning an electric car is the cost of running it. Charging your car at home can save you up to £790 a year compared to petrol cars, according to recent studies. Granted, these savings are especially prevalent for those with access to home charging, but these solutions are becoming more affordable across the board.
Charging is everywhere
The UK’s charging network is growing rapidly to meet the demands of EV owners. There are now over 75,000 public charging points across the country, making it easier to charge your car when you’re out and about. Of those, 15,109 are ultra-rapid chargers that can power up your EV to 80% in just 20-40 minutes.
The UK is quickly becoming a country where charging your EV is as easy as finding a petrol station. And with the government’s commitment to further expanding the charging network in the coming years, the infrastructure will only continue to improve.
Looking ahead
The future of electric cars is bright. As prices continue to fall and the charging infrastructure grows, it’s likely that even more drivers will consider making the switch. Whether you’re interested in a used car, a budget-friendly new model, or you’re already saving on home charging, there’s never been a better time to go electric.
So, if you’re considering making the switch to EV, now might be the perfect time to explore your options. With lower prices, more charging points, and significant savings on running costs, going electric is no longer just a green choice—it’s a practical one too.
