Amid reports that the government could weaken the UK’s electric vehicle (EV) targets, Carbon Brief analysis reveals the nation’s EV drivers are saving more than £1,100 a year in fuel costs, compared with running a petrol car.
Battery EVs (BEVs) are roughly four times more efficient than combustion-engine cars, making them far cheaper to run – particularly since the Iran crisis caused a spike in fossil-fuel prices.
The savings from driving BEVs are also more than three times higher than for “plug-in” hybrids (PHEVs), which evidence shows are mostly driven with their combustion engines.
In total, the more than 2m BEVs, 1m PHEVs and 100,000 electric vans on UK roads are saving drivers around £3bn a year, Carbon Brief’s analysis shows, as illustrated in the figure below.
In addition, these EVs are avoiding the need for nearly 2.5bn litres of fuel and cutting carbon dioxide (CO2) emissions by nearly 7m tonnes each year.
