Electric cars charging in the street

Can 12 million drivers be wrong?

Twelve million drivers are considering swapping their diesel or petrol car for an electric vehicle within the next two years according to the findings of new research by Uswitch.com.

If correct, British motorists could save as much as £8 billion in fuel.

Some 4.3 million drivers (11 per cent) say they will buy an electric vehicle in the next two years, and an additional 7.6 million motorists (19 per cent) are considering purchasing one in that time.

Charging a car at home can add £370 a year to energy bills but is still cheaper than petrol or diesel, and being on a fixed rate deal can save drivers a further £92 a year.

Although switching to an EV and charging it at home increases energy bills, it still works out cheaper than filling up on petrol or diesel, according to the comparison and switching service’s analysis.

Electric car drivers say charging their vehicle at home adds £30.90 a month, the equivalent of £370 a year, to their energy bills. Meanwhile their petrol and diesel-driving counterparts say they spend £74.86 on fuel a month on average, or £898 a year. When adjusted for average mileage, electric vehicle owners save £27.48 a month compared to fuel, equal to £329 a year.

Although switching to an EV and charging it at home increases energy bills, it still works out cheaper than filling up on petrol or diesel, according to the comparison and switching service’s analysis.

To ensure EV drivers are not paying over the odds to charge their car, Uswitch.com recommends owners ensure they are on one of the cheapest fixed energy deals available. Consumers on Standard Variable Tariffs who are charging their electric cars at home could save up to £7.69 a month — £92 a year — by ensuring they are on the best energy deal.

Charging at home is usually cheapest for electric vehicle owners that motorway charging points. Though charge points are capable of delivering enough electricity to drive 100 miles in just half an hour they cost about £6.50, compared to £4.15 on average with a 7KW wall charger at home.

EVs have become increasingly popular among motorists, and their market share is expected to grow in the coming years as the Government bans sales of new diesel, petrol and hybrid vehicles from 2035.

Registrations of new EVs also reached a market share of 4.6 per cent in March — the highest proportion of sales recorded in the UK for battery powered cars.

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