Cost Comparison: EV vs. Petrol and Diesel Vehicles

1. Electric Vehicle (EV) Costs

• Efficiency: 3 miles per kWh

• Total Energy Required: 10,000 miles ÷ 3 miles/kWh = 3,333.33 kWh

• Charging Cost (Octopus Go Tariff @ 7p/kWh): 3,333.33 kWh × £0.07 = £233.33

2. Petrol Vehicle Costs

• Average Fuel Efficiency: 40 miles per gallon (mpg)

• Total Fuel Required: 10,000 miles ÷ 40 mpg = 250 gallons

• Convert to Litres: 250 gallons × 4.546 = 1,136.52 litres

• Fuel Cost (@ £1.3946 per litre): 1,136.52 litres × £1.3946 = £1,585.95

3. Diesel Vehicle Costs

• Average Fuel Efficiency: 50 mpg

• Total Fuel Required: 10,000 miles ÷ 50 mpg = 200 gallons

• Convert to Litres: 200 gallons × 4.546 = 909.22 litres

• Fuel Cost (@ £1.4629 per litre): 909.22 litres × £1.4629 = £1,330.88

Total Savings with an EV

Compared to Petrol: £1,585.95 - £233.33 = £1,352.62 saved

Compared to Diesel: £1,330.88 - £233.33 = £1,097.55 saved

Additional Benefits of Owning an EV

• Lower servicing & maintenance costs

• Minimal brake wear

• Lower road tax

• Environmental benefits

• Low emission zone benefits

• Smoother & quieter drive

Conclusion: Is It Time to Switch?

With fuel savings exceeding £1,300 per year, lower maintenance costs, and additional perks like reduced road tax and government incentives, the case for switching to an EV is stronger than ever. If you’re looking for a cost-effective, environmentally friendly, and future-proof vehicle, now is the perfect time to go electric!

Exclusive EV Discounts and Test Drive Offers

At Considered Electric, we work closely with car manufacturers and dealerships to help you access exclusive discounts and test drive opportunities. If you’re considering a Tesla, use our referral code here to receive a genuine price discount.