Electric car price: How much are electric cars?

Electric car prices: How much are electric cars?

Today’s electric cars are more capable and powerful than ever. And this increase in performance is reflected in their popularity too – new registrations of both all-electric and hybrid cars have grown yearly over the past decade. With zero CO2 emissions, these cars are better for the environment than petrol models – and they offer plenty of fuel cost savings potential too.

The two most important considerations with electrified cars are typically around range and cost. While some hybrid models rely on internal combustion engines for long distances, they can travel a limited range using just their electric power (up to 35 miles with the Ford Kuga, for example). Latest developments mean that the ranges of all-electric cars are constantly increasing – the new Ford Mustang Mach-E can go up to 370 miles on a single charge.

While all-electric vehicles can have a higher OTR (on the road) cost, don’t let that put you off. With government subsidies, tax benefits and cheaper fuel, electric cars can be quite affordable. If you are curious about all-electric cars, there’s never been a better time to explore the possibilities.

 The upfront price of an electric car

Electric cars tend to come in at slightly higher upfront OTR prices than their petrol or diesel counterparts. The same can be said of hybrid models. But once you’ve purchased your car, the fuel and running costs are highly likely to offer significant savings compared to vehicles with traditional engines.

There is also support available to help you finance an electric car. The UK Government offers a grant of up to £3,500 towards the cost of new electrified vehicles (including some hybrids). Vehicles with CO2 emissions of 0g per 100km qualify, and your TrustFord dealer is able to handle the paperwork for you. To give an example, the Mustang Mach-E would qualify – so you could get up to £3,500 off of its purchase cost (OTR prices from £40,000), as well as a £500 contribution towards the purchase of a Wallbox to charge at home.

Consider hybrids for an affordable electric car option, which share many of the all-electric benefits (particularly at low speeds). You can still access fuel efficiency, lower emissions and reduced running costs without sacrificing on performance. Discover the Ford Puma (OTR from £20,442) or the Kuga (OTR from £23,995) as hybrid options, with financing available that can help to reduce upfront costs further.

How much are electric cars to run?

Electric cars really come into their own when you consider the potential long-term savings from charging and running the vehicle. Not only are they more affordable than fuel models, but the advanced technology and lower emissions bring reduced road tax and exemptions from congestion charges.

Using an all-electric car brings excellent savings in fuel costs as electricity is cheaper than petrol and diesel. Currently petrol costs an average of 120.8p per litre and diesel an average of 123.6p per litre*. Domestic electricity prices, by comparison, are between 13-15p per kWh**.

With means that with the Mustang Mach-E your fuel saving could be over £1,000 annually, with a year’s electricity typically costing between £600-700.

What’s more, your wallet will thank you for the savings in road tax and in the exemptions from congestion charges too. All-electric cars are free to tax in their first year, and will be cheaper than petrol/diesel cars in subsequent ones. They’re exempt from the London Congestion Charge and Ultra-Low Emissions Zone (ULEZ) charges as long as the vehicle is registered, and may even enjoy cheaper parking in some cities. Thanks to their electric engine and battery instead of an internal combustion engine, all-electric cars have fewer parts and are essentially a simpler construct – meaning that maintenance and servicing savings are also likely.

With these benefits and many more, electrified cars are the future of automotive travel. Explore the range and find the perfect model to complement your lifestyle.

Discover the TrustFord range of new hybrid and electric models, or search for a nearby used car.

*as of Thursday 19^th March, according to Confused.com
**prices from UK Power
~Typical saving of £1,344 based on 12,500 miles per annum, fuel economy 36.7mpg (7.7L/100km), fuel cost £1.28/litre, domestic electricity cost of £0.19/kWh, an energy consumption of 16.5 kWh/100 km and all charging carried out at home

Internal links to ‘How does a Hybrid car work? : Busting the biggest myths’ article