Expensive e-cars cheaper in long run
According to Graeme Paton, Transport Correspondent in The Times Newspaper
February 14 2019, The International Council on Clean Transportation has found that while expensive to buy, electric cars work out cheaper in the long run:
Price often puts motorists off buying green electric and hybrid cars.
Electric cars are cheaper to run than petrol and diesel models, even after higher purchase prices have been factored in, according to research.
Lower levels of tax, purchase subsidies and the absence of petrol or diesel fuel costs meant that electric cars were more cost-effective over four years, the International Council on Clean Transportation said.
Price is often cited by motorists as the biggest barrier to buying green electric and hybrid cars. The Nissan Leaf, the bestselling pure electric car, starts at £26,500, followed by the BMW i3, which costs at least £34,445.
Late last year the government cut incentives for green cars, raising further concerns over costs. Grants for pure electric vehicles fell from £4,500 to £3,500, and subsidies for hybrids were abolished.
Savings are still made in the long-term because electric car owners do not pay any vehicle excise duty and recharging an electric car costs a fraction of the price paid at the pump by the owners of diesel and petrol models.