Side view of an e-up!
Side view of an e-up!
Side view of an e-up!
Side view of an e-up!
Cost of ownership

How do electric cars compare on cost?

Cost of ownership

How do electric cars compare on cost?

With an electric car, you’re saving money, you’re saving the environment and you get to drive a car of the future. What’s not to love?

With an electric car, you’re saving money, you’re saving the environment and you get to drive a car of the future. What’s not to love?

  1. How do electric cars compare on cost?
A young child connecting a plug to the front of a Volkswagen Passat GTE.

Plug-in car grant

Electric cars that cost £50,000 or less are eligible for a government grant that gives you a £3,000 discount. This saving is passed directly to you, significantly reducing the cost of making the switch.

A man walking alongside an ID.3 in a driveway

Easier to run

Electric cars not only cost less for the Earth, but also cost you less to run. Electricity is far cheaper than petrol or diesel, meaning you could reduce your running costs by a third.

Easier to service

Battery. Motor. Converter. That’s all an electric car needs. With fewer parts, it’s easier to diagnose problems and cheaper to fix them. Plug-in hybrids are also easier to maintain because their petrol engines are used less frequently.

Easier to protect

Electric cars are often cheaper to insure than their petrol equivalents. Take the Golf GTE for example, its insurance band is 25E whereas the TSI Golf GTI is in 39E. Given that insurance groups go from 1-50 in ascending order of cost, this could make you a substantial saving.

A man using his smart phone, next to a sliver Volkswagen e-Golf.

Congestion charge and parking

Electric cars are exempt from London’s congestion charge and can be driven in the Ultra-Low Emission Zone (ULEZ). This could save you up to £27.50 a day. Electric cars also get free parking in many areas of the UK.

An e-Golf parked on a road and a woman walking a dog

Make tax less taxing: VED and BiK rates

Electric vehicles are completely exempt from Vehicle Excise Duty (VED), more commonly known as road tax. This is because for cars registered after March 2001 the tax is calculated using the tailpipe’s CO2 emissions. If you choose an electric car as your company car, you’ll also pay no Benefit-in-Kind (BiK) tax.

ID.3 1st edition

Forward-looking

The value stability of electric vehicles depends primarily on two factors: a competitive range and the durability of the battery. In both cases, you can sit back and relax in the new ID.3.

On the one hand, the ID.3 offers much longer ranges than most previous electric vehicles, making it suitable for everyday use and ensuring that it remains competitive for years to come. On the other hand, all ID. models come with a battery guarantee for eight years or 100,000 miles/160,000 km.

On the whole, we are expecting your ID.3 to reach the same residual value as a similar combustion engine vehicle in future.

ID.3 1st edition charging

More sustainable at a similar cost

All in all, the overall costs for an ID.3 are expected to be at the same level as a comparable combustion engine vehicle – or even lower. Thanks to attractive prices and leasing instalments, expected government funding, good residual values and lower maintenance costs.

On top of that, you get to feel good about making an important contribution to the environment, which is not only good for you but, above all, generations to come.

Your browser is not supported.

For the best experience, we recommend upgrading your browser to the latest version:

Download Chrome
Download Firefox
Download Safari