Electric cars could save owners up to £7,000, report finds

Motorists who opt for electric vehicles (EVs) instead of petrol-powered cars could save up to £7,000 over the next four years, according to a new report by New AutoMotive.

drivers can expect to save at least £3,000 over four years due to lower charging costs, cheaper maintenance, and tax exemptions. Those who drive more than the national average could see even greater savings.

The report compared the upfront costs and running expenses of seven popular EV models with their petrol counterparts across three purchasing scenarios: outright purchase, leasing through an employer, and personal contract purchase.