Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

Majority of EV buyers will save money over their car’s lifetime

Electric Vehicles UK commissions New AutoMotive studies to calculate cost of owning an electric vehicle

Mark Moran
03 March 2025
Cost of Driving Electric
Cost of Driving Electric

 

80% of drivers will save by swapping to an electric car with average savings of £5,850 over the course of a typical ownership period, a new report indicates. 

The research was funded by industry body Electric Vehicles UK (EVUK) was conducted by independent researchers, New AutoMotive.

Cost of Driving Electric (CODE) research used a methodology that took into account total cost of ownership for 50 different battery EVs, across 480 scenarios. The research was commissioned to "present...

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