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EVs 70% cheaper to run than ICE cars, VWFS data shows
Date: 15 August 2022 | Author: Sean Keywood
Annual running costs for EVs are around 70% cheaper than those for equivalent petrol or diesel cars, according to Volkswagen Financial Services UK (VWFS).
According to the company, data from its online EV-4-Me quiz, designed to test EV suitability, showed an expected average annual running cost of £722 for an EV, compared with £2,655 for a comparable petrol car, and £2,358 for a diesel.
VWFS said the figures incorporated fuel, servicing, and VED costs.
VWFS UK CEO Mike Todd said: "The case for making the switch to electric is getting stronger all the time and some of the anxieties that drivers may have around cost, range and charging are proving to be less of an issue as EV technology continues to evolve at pace.
"Manufacturers and retailers have a greater duty than ever before to help educate consumers that the overall cost of an EV is not as big a barrier as once perceived, and in fact can be cheaper than most comparable petrol or diesel models."
