3. EVs are more expensive
According to the UK government, EVs can cost more to buy outright – but typically have a lower cost over four . According to one industry estimate, it is suggested EV buyers may enjoy a potential saving of around £176 per every 1,000 miles, compared to motorists who select petrol or diesel . And, while EVs might once have been more expensive than traditional vehicles, today, lower-priced models have made the switch to EV more accessible. As of May 2022, 24 EV models were priced under £32,000 – up from 15 in . With more manufacturers are making electric vehicles, drivers have greater variety and price points to choose from.
In addition, there are initiatives and incentives to make the switch to electric vehicles easier and less expensive – including road tax exemption, and favourable company car tax rates (until . In areas with low emission zones, EVs can be exempt from charges: in London zero emission vehicles that meet criteria are eligible for a 100% discount on Congestion Charge, until 25 December 2025, with some boroughs providing free or reduced-charge parking for . Drivers may also be exempt from charges travelling through Clear Air Zones in Bath, Birmingham, Bradford, Bristol, Greater Manchester, Portsmouth, Sheffield and .
Finally, the government also offers grant schemes for EV charging infrastructure, which can help to alleviate costs. Individuals and businesses eligible for grants can receive funding towards the cost of installing electric vehicle chargers at properties across the .