- Savings on fuel and tax from a 100% electric car could cover the cost of Christmas
- Average £645 household Christmas spending could be covered by annual savings
- New Go Ultra Low cost calculator shows that typical 100% electric cars could cost on average 3p per mile to run, compared to 9p for a comparable diesel car
Motorists buying a 100% electric car rather than a comparable diesel model could save enough money each year to cover the average family’s £645 Christmas expenditure, according to figures released by Go Ultra Low. Visitors to the updated www.goultralow.com website can now access a new cost calculator that demonstrates how much they can save by switching to a 100% electric car.
By using its comprehensive range of vehicle comparison tools, Go Ultra Low found that 100% electric cars can provide savings of around £600 per year on fuel1a and tax bills1b. Combining this with just four London Congestion Charge-free trips a year3, the total annual saving exceeds the £645 average cost of Christmas4, inclusive of food and drink, gifts and socialising during the festive period.
The new Go Ultra Low cost calculator tools use the latest official (NEDC) vehicle test data and reflect the fact that pure electric and hybrid car drivers pay the lowest rates of VED – with no first year rate for 100% electric vehicles5. The tools also show that 100% electric cars cost, on average, 3p per mile to drive, compared to 9p for a comparable diesel vehicle.
Poppy Welch, Head of Go Ultra Low, said: “Many drivers of 100% electric cars will have already covered the cost of Christmas this year, thanks to the lower operating costs of their cars. 100% electric and plug-in cars are fast becoming a serious consideration for an increasing number of motorists, with more than 125,000 already on our roads.
“By using the range of specially-developed interactive tools at www.goultralow.com motorists can compare their petrol or diesel car side-by-side with the growing range of equivalent plug-in and 100% electric cars to find out for themselves how much they can save.”
Adding to the fuel and tax savings, 100% electric cars often benefit from lower maintenance costs due to having fewer moving parts and less demand for consumables. Meanwhile, Government grants provide up to £4,500 off the price of eligible 100% electric cars, £2,500 off the price of eligible plug-in hybrid cars, and up to £8,000 off the price of a new electric van.
Further cost savings are available too, as consumers can also benefit from up to £500 off the cost of installing an electric chargepoint at their home. To make commuting in a plug-in car even more viable, businesses can also take advantage of the Workplace Charging Scheme, which provides grants of up to £300 per charging socket.
The new www.goultralow.com website provides motorists with a wide range of tailored information on a number of topics, including how much they could save with an electric car, how easy it is to charge at home, and how far a plug-in car can go on a single charge.
Notes to editors
* Over three years, driving a 100% electric car could save an average of over £1,400 in fuel costs alone, compared to the average diesel car. Fuel savings based on 2016 annual mileage of 7,800 (source: DfT National Travel Survey 2016) and fuel costs of 3p per mile for a 100% electric car compared to 9p per mile for an average diesel car. Electric pence per mile figures include journey fuel (electricity) costs only, calculated using the Go Ultra Low Journey Cost Savings calculator with independent data provided by Next Green Car, charging at home using electricity priced at the UK average of 14p/kWh (source: Department for Business, Energy & Industrial Strategy average annual domestic energy price statistics 2016). 3p or less per mile applies to BMW i3; Hyundai IONIQ electric; VW e-Golf and VW e-Up!. Comparative diesel fuel cost of 9p per mile based upon the UK average new diesel car fuel consumption of 62mpg (DfT statistics December 2016) using diesel priced at 120p/litre. All costs based upon the official NEDC economy and range figures which are obtained from official EU test data, are intended for comparisons between vehicles and may not reflect real driving results. Please bear in mind that you may achieve very different results in real life. These results should be used for comparative purposes only.
** Driving a 100% electric car could save more than £400 in road tax over three years, compared to an average petrol or diesel car.
Saving based upon VED rates for the first three years of ownership (totalling £440), for a new petrol or diesel car with average emissions of 120g/km of CO2 (Source: SMMT new car CO2 report 2017, average emissions) compared to zero VED for a 100% electric car costing less than £40,000.
*** Driving into the London Congestion Charge zone costs £11.50 per trip. With 100% electric cars paying zero Congestion Charge, a quarterly trip into the zone saves £46 each year.
**** Source: Nationwide survey, December 2016 (www.nationwide.co.uk/guides/news/articles/2016/12/the-average-spend-on-christmas-gifts)
***** For pure electric vehicles with a list price of less than £40,000
About Go Ultra Low
The Go Ultra Low campaign aims to increase purchase consideration of electric vehicles by helping motorists understand the benefits, cost savings and capabilities of the wide range of plug-in vehicles on the market. The campaign aims to educate the public and fleet audiences about these vehicles by addressing outdated myths and highlighting benefits, including how they offer competitive practicality for both private and business users.
Goultralow.com provides a one-stop shop for information about owning and running electric vehicles, the makes and models available and the locations of the thousands of publicly available charge points.
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