EV 101 – Electric cars – 1p per mile?

Hi folks, I’m Jon Mullen the Energy Evangelist. Petrol cars cost approx. 14p per mile. My electric car costs just over 1p per mile. Have I got your attention? This month we’re looking at savings on electric vehicles.

One of the key benefits of an EV is the cost to fill up. With the average UK electricity price sitting at 14p per kWh and if you assume an electric car will travel 3.5 miles per kWh. So to travel 100 miles would cost around £4 or 4p per mile. Most petrol or diesel cars will cost between 12p and 15p per mile

However, there are also many new electric tariffs available which are directly aimed at the electric vehicle owner. Instead of paying 14p per kWh I currently pay 5p per kWh between 00:30 and 4:30. This means I pay just over 1p per mile to charge at home. Then on top of that I can allocate a cost of 45p per mile for my business travel allowance costs as specified by the tax man.

And there are even more savings from the tax man when you look at the Benefit In Kind car tax for company cars. But I will tell you about that in another blog as there are too many numbers.

I’m Jon Mullen the Energy Evangelist. Come and find out how to save more energy and cash at EnergyEvangelist.co.uk

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