The question that everyone wants to know is, “how much money will a Fully Electric Vehicle save me on fuel?”. Well, the answer to your question isn’t that simple to answer. Before knowing exactly how much you will save on fuel, there are many factors that have to be taken into consideration.
This article will give you an idea of how much you will save on fuel by going Fully Electric. It will also help you understand what needs to be taken into consideration. For example; the estimated cost of recharging the Electric Vehicle.
Introduction
Driving an Electric Vehicle could save you more money compared to traditional petrol and diesel cars. Electric Vehicles are known to be cheaper to run and are far more efficient to drive.
Remembering the fact that, it all depends on the make and model of the Electric Vehicle. All Electric Vehicles have different ranges of the distance they can travel before needing to be re-charged.
Things you need to know
How much an Electric Vehicle saves on fuel will depend on theses factors;
⦁ The amount of miles you do per day/week/month and year
⦁ City driving or long distance driving
⦁ If you currently own a petrol or diesel vehicle, as the prices are different for each type of fuel
⦁ Which EV make and model you purchase
All Electric Vehicles have different distance range, so when purchasing your EV, keep this is mind.
Information about the distance range on EV’s
All-Electric range means the distance that Electric Vehicles can travel without the use of petrol or diesel. The average range of a Full Electric Vehicle is around 181 miles. However, depending on the make and model of the Electric Vehicle, and the battery capacity will depend on the range. For example; a Tesla, Model S90D has a battery capacity of 90KWh, which gives the vehicle a range of 346 miles.
Moreover, you need to know that there are several things that can affect the range of Electric Vehicles. Here is a list of what can impact on the distance range on the Electric Vehicles;
⦁ Extra weight in the vehicle
⦁ Strong winds
⦁ High speeds
⦁ Driving up hills
⦁ Aggressive driving behaviours
⦁ Temperatures inside the vehicle that is higher than 20 Celsius or lower than 10 Celsius
How much does it cost to charge an Electric Vehicle?
With Electric Vehicles becoming more popular due to the Governments plan, many people have a charging point at their home. However, some people charge their vehicles at charging points in their city. The Government grant is available for installing a charging point at your home, however it can be quite costly to install.
A disadvantage of not having a charging point at your home is that, it isn’t easy to find an available charging point in the City.
The cost of charging an Electric Vehicle varies. This depends on the battery size and it costs approximately 10-14 pence per kWh.
In order to benefit, charging an EV vehicle off-peak, will save you more money. With the electricity rates rising, charging your EV off-peak drops to around 6 pence per kWh on the evenings.
For example; a BMW i8 has a 7 kWh battery and will approximately cost 70 pence to charge. However, a Tesla model s 100d has a 100kWh battery and will cost £10.00 to charge.
Your electricity bill will increase, but the cost will depend on the size of your EV’s battery. It will also depend on if you charge your vehicle in the day time or overnight or in the City. There are some places in the UK where you can charge your EV for free, which is a great advantage.
With the petrol crises in the UK and the electricity prices rising, this will make a difference on how much you would save.
Is it better to buy a Hybrid or Fully Electric Vehicle?
Normally, Hybrids have lower battery ranges than Full-Electric Vehicles. Electric Vehicles battery range varies depending on the make and model. There are some Hybrid Vehicles that offer an Electric-only driving mode. They are normally only for low speeds, for example, driving around the City or short ranges.
This question isn’t easy to answer. It all boils down to the distance you travel and what you use your car for on a daily basis. If you only drive to work and back, then an Electric or Hybrid Vehicle are both a good option.
However, if you do long distance driving on the motorway, a Hybrid is a better option as the battery recharges itself.
In saying that, this depends on the make and model of the Electric vehicle. The new Electric Vehicles have more range and can travel a good distance before needing to be recharged.
On average how much money will i save by going Fully Electric?
EV’s are significantly more cheaper to run than petrol and diesel vehicles. Drivers can save up to 70% on fuel and save 40% on maintenance. For example; a car travelling, 13,700 km per year could amount to an annual fuel saving of £750.00 or more. This example is based on the EV being charged overnight on an off-peak tariff.
Overall, going Fully-Electric is the best option to save money. With the Governments plan getting closer and closer, it’s a better option to buy now.
The prices of EV’s are at a reasonable price at the moment and are very affordable. It is best to take advantage of the Governments grant, as it won’t be available forever.
My advice is to have a good think about purchasing an EV now. Now is the best time to take advantage of the EV grants that are available from the Government. Also the Governments grant for installing a charging point at your home.
Energy prices rising
With the price of electricity rising, manufacturers are taking a hit when making the new production of the new EV’s. It has become more costly to make them and this has a knock on affect on the price when purchasing an EV.
Many people are concerned about adapting to the new EV’s. They are now starting to have concerns about the higher costs when charging their EV’s against the price of petrol.
The cost of charging your EV, will rise. However, there are many places around the cities in the UK that have free charging points.
Many drivers charge their EV whilst at work, free of charge and they are benefiting from this.
The rise in energy prices is not the only thing that is increasing in price. The price of petrol and diesel has also increased. Weighing the costs of petrol and diesel and electricity, the EV’s are still cheaper to run.
People are becoming more worried about the prices of purchasing new EV’s will increase. They believe that the price of buying an EV will be considerably higher than before. A lot of people are taking more of an interest in buying an EV now rather than later.
Not enough charging points?
The Government has planned to put an EV home charge scheme. This scheme is focused on leaseholders, renters and those living in flats. The scheduled date is to be in 2022-2023.
The Government will install 6 rapid charging points at every motorway service area in 2023-2024.
This will help many drivers who drive long distances. The Government will make a full re-view by 2025.
The Governments plan is to phase out all sales of new petrol and diesel cars and vans by 2030 . The Government also plan to install at least 2,500 high powered charging points across the road network in the UK.
From 2030 to 2035, all the new cars and vans that are manufactured are to be 100% zero emissions.
The Government has put in place a plug-in car grant to help drivers purchase a zero emissions car.
The Government will give up to, £2,500 towards purchasing a zero emissions vehicle, as long as the car price is under £35,000.
This grant will be in place until at least 2022 to 2023. Many manufactures have reduced the prices of the new Electric Vehicles so that people qualify for the government grant.
Want more knowledge about EV’S and Hybrids?
If you want some more knowledge about EV’s and Hybrids why not take a course. MTC have a range of courses that may be of interest to you.
Level 1 Hybrid Electrical Vehicle Training – Raising Awareness
Level 2 Hybrid Electric Light Vehicle Training (Scooters and mopeds)
Level 2 Hybrid Electric Busses Training
Level 2 Hybrid Electric HGV’s Training
Level 3 Hybrid Electrical Vehicle Training (Cars)
If you would like more information, please don’t hesitate in contacting one of our professional trainers, who will be more than willing to help you. There are several ways you can make contact with us.
To contact us by phone, you can call us on 01274 965008 or 07494263621.
To contact us via e-mail please click this link https://www.mottrainingcourses.com/
