How much it costs to run an EV compared to a combustion engine car

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In today’s Autumn Budget, Rachel Reeves announced a new charge on electric vehicle excise duty of up to at 3p per mile.

The Chancellor says this will double road maintenance funding, and offer a further £200 million for new public charging charging points – but it’s likely to raise costs (and concerns) for many electric car owners.

While EVs are good for the environment, the draw for many is that they’re typically pretty good for your wallet too.

For one, you don’t have to buy petrol or diesel, and because they have fewer moving parts than a traditional combustion engine car, maintenance can work out cheaper in the long-run.

Then there’s the tax, which is lower thanks to government policies to incentivise reduced carbon emissions.

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