The typical annual running cost for an electric vehicle (EV) is £369 less than a petrol car, according to new research from Compare the Market. The research, which analyses the price of insurance, fuel, road taxes and MOT costs, shows that the average annual cost of running an EV in June 2025 was £1,351 compared with £1,720 for a petrol vehicle.

Following the introduction of the Government’s new Electric Car Grant (ECG) scheme at the beginning of August, motorists can also now save £1,500 on certain new EVs. Insurance premiums for the Citroën ë-C3, ë–C4, ë-C5, and ë-Berlingo – four of the models included in the scheme – were £451 on average in June this year, according to Compare the Market, potentially taking overall running costs down to £1,142 for these models.

As of the end of August

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