Battery-powered family cars are cheaper to own and run than petrol and diesel equivalents, according to a study. It found that common mid-size electric cars could be £131 a month cheaper to maintain than those with a combustion engine. Small battery-powered cars remained more expensive than their fossil fuel equivalents, but the gap in ownership costs disappeared after four years. The financial benefit of owning an electric car increased the “further and longer” they were driven because of the lack of fuel costs and cheaper maintenance and tax. Electric vehicles also hold their value for longer.
Times 5th Oct 2020 read more »