Pros and Cons of Electric Cars
Electric Cars - Are They the Future?
With the UK Government announcing a ban on the sale of new diesel and petrol cars from 2030, as part of their ‘Clean Air Strategy’, it is becoming more evident that diesel and petrol cars are slowly becoming a thing of the past to make way for the rise of the electric car.
Image: Electric Ford Fiesta (Ford Technology)
But how popular are electric cars?
In 2021, a staggering 687,958 new electric and alternatively fuelled cars were registered; an increase of over 281,002 on 2020, and 14,182 used battery electric vehicles were sold in the third quarter of 2021 alone – the highest number recorded in any quarter.
Whilst electric vehicles are yet to be adopted on a large scale compared to traditionally fuelled vehicles, we’ve investigated the full cost you'd be faced with, and got the answers to some of the more important questions such as where you can find charge points to re-fuel, along with the pros and cons which come with these nifty vehicles should you consider purchasing one for your next car.
Electric Charge Points
The huge boom in electric cars means businesses across the UK have started offering a quick way to recharge these vehicles. You’ll now find electric charge points at petrol stations, supermarkets and shopping outlets across the country, as well as being able to install systems in your very own garage with the help of a government grant.
There are now over 30,000 different charge points across the UK, in over 11,000 different locations. These electric charge points range from slow charge (overnight) to rapid 80% charge (30 minutes).
If you’re looking to find a local charging station, you can use Zap-Map who claim to have the most comprehensive list of charge points within the UK. This app is learning about new points each day as the market grows, so if you know of one that’s not on there, you can add it to the list to help fellow electric vehicle drivers!
Should I Buy an Electric Car?
As with any purchase there are pros and cons to purchasing an electric car - we’ve listed some of the common ones below.
- Range is cheaper, running at around 4p-5p per mile*
- Eco-friendly transport method
- Quieter than their petrol and diesel counterparts
- Lower maintenance costs
- You will need a charge point at home, so off-street parking is essential. You can get a grant to help cover some of the cost associated with this
- You may need an additional vehicle for long journeys or to use whilst your car is charging
*data correct as of 2021.
Costs Associated With Electric Cars
Because no fuel is needed with an all-electric car, you can find yourself saving hundreds of pounds on petrol/diesel each month, as well as saving on car tax (approximately £110 per year).
- Car - £15,500 (including grant)
- Charging station - £166~ (including grant)
- Electricity - £300~
Total cost: £15,966
These costs are not going to be every year, it’s only the electricity which will be an ongoing cost. This means that each year you’ll be saving hundreds of pounds. However, your electricity bill might start looking a little bigger than you're used to, and recent energy price increases must be considered.
It depends how much you would usually set aside to purchase a vehicle, but if you compare this cost to the price of an electric car, the savings could be instant. The 2021 Ford Fiesta is priced at around £19,500, but if you chose to purchase an electric car instead, you would save around £3,000 on the screen price of the vehicle and then around £900 each year in fuel and tax.
It won’t be long before electric vehicles start flooding the used car market - so, would you buy one?