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Sustainable travel ideas

Reasons to switch to an electric vehicle

Could an electric car save you money?

The upfront cost of buying an electric vehicle (EV) may seem expensive but there are cost savings too. Lower repair costs, road tax and saving on fuel are some of the ways an electric car could save you money.

For a lot of drivers the distance you can travel and the cost of recharging is also a concern. So, learning more about the journeys you make by car could help you decide if an electric car is right for you.

Is an electric vehicle right for me?

EV8 Switch App

NatWest are supporting the EV8 Switch app which can help suggest EVs based on your current vehicle and driving habits.

 

By using just 14 day’s worth of real-world driving data it provides independent, personalised insights specific to your driving behaviour. It identifies your closest charge points and shows how switching to electric could work for you.

Download the EV8 Switch App

Search: EV8 Switch or click below to download the EV8 Switch app from the Apple App Store and Google Play Store.

5 ways an electric car could save you money

  1. 01

    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. (source: AirQualityNews.com, 2020)

  2. 02

    The price you pay to power your EV is a key benefit. Fuel costs are around 70% lower for EVs if overnight home charging electricity is used (source: Zap-Map.com, 2021). 

  3. 03

    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.

  4. 04

    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 (source: Gov.uk, 2022)

  5. 05

    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. Depending on where you live, you could save on congestion charges as zero emission vehicles are currently exempt (source: Gov.uk, 2022).

More questions on electric vehicles

Has this article inspired you to take action?

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Looking for ways to live more sustainably?

Take a look at the everyday habits you could adopt to use the car less and make use of other forms of travel to get around. 

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Are you installing an EV charger at home?

We've teamed up with Octopus Energy to make purchasing an EV charger for your home easier (eligibility criteria applies).