Save money on running costs
The price you pay to power your EV is a key benefit. According to Go Ultra Low, on a cost per mile basis, an EV could cost you less than a quarter of what a traditional petrol or diesel car might.
You could reduce your carbon footprint and save money by switching to an electric vehicle (EV). The UK Government is also bringing forward the ban on sales of petrol and diesel cars from 2040 to 2030. So could this be the time to make the switch to an EV?
Electric cars have improved their range significantly over the last few years, but it’s still a concern for many buyers. For many, a lack of range is often more of a perceived problem than a real one.
Fully electric cars have zero tailpipe emissions making them greener, cleaner and better for the environment than any petrol or diesel car currently on the road.
Although the up front cost of buying an EV may seem expensive, there a number of ongoing savings you could make.
According to AirQualityNews.com, fully electric vehicles can cost from as little as 1p per mile to run, compared to 8-17p per mile for petrol and diesel cars. This means you could travel 200 miles for just £2 in an EV.
Fully electric vehicles generally have 3 main components; the on-board charger, inverter and motor. With fewer parts susceptible to damage, you could rarely need to have your electric car serviced, keeping repair costs minimal.
Zero emission electric vehicles are zero-rated for standard tax. That means you don't have pay any vehicle tax on a pure electric vehicle.
With Clean Air Zones being introduced around the country, driving an EV is an opportunity to save on congestion charges as zero emission vehicles are currently exempt. For example, when entering the London congestion zone in an EV you could save £15 each time.
For many drivers a major stumbling block to switching to an electric car is how far you can travel before having to recharge.
If most of your journeys are shorter trips around town or you do fewer than 100 miles a week (which actually covers a majority of drivers in the UK), then an electric car with a shorter range isn’t likely to be a problem for most of your needs.
A small, all weather charging point can be installed outside your home, where you will easily be able to charge your EV by plugging in the charging cable. Cost start from around £500 but the OZEV grant could contribute up to £350 towards this.
We've teamed up with Octopus Energy to make switching to an electric easier and cheaper for you.
Get a discounted rate and further £50 off on us when you purchase an electric vehicle charge point from Octopus Energy.
NatWest receives a fee from Octopus Energy for customers it introduces to them that subsequently purchase products or services from Octopus Energy. This fee is passed onto you as a thank you for your climate efforts.