Petrol car owners issued £369 alert as EV costs jump

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New research from Compare the Market has found that the average annual running cost for an electric vehicle (EV) is £369 less than a petrol car. The study, which examined insurance, fuel, road taxes and MOT costs, found that in June 2025, the average yearly cost of running an EV was £1,351, compared to £1,720 for a petrol vehicle. ‌

The Government's new Electric Car Grant (ECG) scheme, introduced at the start of August, now allows motorists to save £1,500 on certain new EVs. According to Compare the Market, insurance premiums for the Citroën ë-C3, ë–C4, ë-C5, and ë-Berlingo – four models included in the scheme – averaged £451 in June this year, potentially reducing overall running costs to £1,142 for these models. ‌

As of the end of August, owners of EVs