Even though electric cars are increasing rapidly in popularity, many people still assume that electric vehicles will be far outside of their price range when they are shopping for a new car. The truth is that mass-produced electric cars have come a long way over the past few years, and as a result, they are often just as competitively priced as traditional, non-electric vehicles. If you’re considering investing in an electric car, then check out our handy guide below to find out how much electric vehicles cost.
How much does it cost to buy an electric car?
As with traditional cars, it will be no surprise to learn that the prices of electric vehicles vary greatly depending on the make and model. In the UK, the price of an electric car now starts at around only £11k, which is, of course, significantly cheaper than when EVs first arrived in the UK market ten years ago. The cheapest model in Renault’s electric vehicle range is the Renault Twizy, a snazzy little runabout car that can seat two people and will set you back only approximately £11k. Another great affordable option for first-time electric car buyers is the Skoda Citigo-e iV. This model is Skoda’s first fully electric vehicle and will cost around £17k to buy new.
If you’ve got a little more cash to splash, then there are also plenty of great options for electric vehicles at the higher end of the price range. Tesla’s all-electric Model S, for example, will set you back around £75k but offers an impressive top speed of a whopping 162mph.
How can I save money when buying an electric car?
You should also know that if you’re buying a new electric car in the UK, you’ll probably be eligible for a ‘plug-in car grant.’ This is where the government contributes a sum of money towards the purchase of the electric vehicle to encourage buyers to choose zero-emission vehicles over petrol and diesel cars. EVs are a great long-term investment, too – since electric cars are so in demand nowadays, their value does not depreciate at the same rate that traditional vehicles do.