UK Company Crunches Numbers, Proves Lifetime Affordability of EVs

October 14, 2020 13:38:25

The past decade or so has been pivotal for the auto vehicle industry. The emergence and increasing popularity of automakers like Tesla who only produce electric vehicles (“EVs”) has inspired most automakers to add electric vehicles to their roster of vehicles. This comes at a time when most developed governments are becoming increasingly conscious of pollution and climate change and are taking steps to reduce their carbon footprints.

According to a UK company, not only are EVs energy efficient and produce zero emissions, but they are generally cheaper to run and maintain than diesel or petrol cars. After crunching the numbers, Direct Line found that on average, an electric vehicle is £107 ($139.62) cheaper a year to own than a conventional internal combustion-powered car. The average lifetime running costs for an electric vehicle, including purchase price, is £52,133 ($68,025.75), while an equivalent petrol-powered model…

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