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We have recently seen a noticeable increase in drivers and businesses asking about electric vehicles, with rising petrol and diesel prices being one of the main reasons.
The headline savings are compelling.
We’ve based the below on a BMW X3 which travels 10,000 miles per annum over 4 years.
| Fuel Type |
Fuel Cost |
Saving |
| EV Charging * |
£2,285 |
|
| Diesel |
£7,556 |
£5,271 |
| Petrol |
£7,838 |
£5,553 |
* EV charging based on average home or workplace rates. Off-peak home charging could reduce the EV cost further, to as little as £725.
That’s a potential saving of between £5,271 and £7,113
This is only part of the decision. Business users may also benefit from:
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Favourable company car tax treatment |
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Lower servicing and maintenance requirements |
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Reduced emissions |
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A quieter and more refined driving experience |
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Support for corporate sustainability goals |
OVL has been supplying EVs for over 10 years, and we use electric vehicles within our own business.
We therefore understand the practical concerns drivers may have, including range, charging availability, home charging and longer journeys.
Most importantly, our advice is impartial. We recognise that electric will not suit every driver, and we would never recommend an EV simply because it is electric.
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