Petrol vs Electric Car Costs UK: Which is Cheaper?
Quick Answer:
Petrol cars in the UK typically cost £2,500 to £5,000+ per year to run, while electric cars cost around £1,500 to £3,500 per year. Electric cars are usually cheaper to run, but higher upfront costs can offset savings in the short term.
Petrol vs Electric Cars: Key Differences
| Cost Type | Petrol Car | Electric Car |
|---|---|---|
| Running costs | Higher | Lower |
| Fuel/energy | £800 – £1,500/year | £300 – £800/year |
| Maintenance | Medium | Lower |
| Upfront cost | Lower | Higher |
| Long-term cost | Higher | Lower |
Cost of Running a Petrol Car in the UK
Typical yearly costs:
- Fuel: £800 – £1,500
- Insurance: £400 – £1,000
- Road tax: £0 – £300
- Servicing & repairs: £300 – £800
Total annual cost:
£2,500 – £5,000+
Cost of Running an Electric Car in the UK
Electric vehicles have fewer moving parts and lower fuel costs.
Typical yearly costs:
- Charging (home): £300 – £800
- Insurance: £400 – £1,000
- Road tax: £0 (in many cases, though rules are changing)
- Servicing & maintenance: £200 – £500
Total annual cost:
£1,500 – £3,500
Charging vs Fuel Costs
Petrol:
- £1.40 – £1.60 per litre
- Around £0.15 – £0.25 per mile
Electric:
- Home charging: £0.05 – £0.10 per mile
- Public charging: higher, sometimes similar to petrol
Upfront Cost Comparison
- Petrol car: £5,000 – £20,000+
- Electric car: £20,000 – £40,000+
Electric cars are typically more expensive to buy, although prices are gradually falling.
Long-Term Cost Comparison
Over time:
- Petrol cars: higher ongoing fuel and maintenance costs
- Electric cars: lower running costs, especially with home charging
Over 5 years, electric cars can save thousands in running costs.
When Petrol Cars Are Cheaper
- Lower upfront budget
- Short-term ownership
- Limited access to charging
When Electric Cars Are Cheaper
- Long-term ownership
- Access to home charging
- High mileage drivers
Other Costs to Consider
Petrol:
- Fuel price volatility
- More frequent servicing
Electric:
- Charging infrastructure
- Battery lifespan (typically long but worth considering)
Environmental Impact (Brief Consideration)
- Electric cars produce zero emissions while driving
- Petrol cars produce ongoing emissions
This can also influence long-term costs through taxes and regulations.
Related Guides
- Cost of Fuel UK
- Cost of Running a Car UK
- Owning a Car vs Public Transport UK
- Driving vs Train UK Cost Comparison
Final Thoughts
Electric cars are generally cheaper to run in the UK, especially over the long term. However, the higher upfront cost means petrol cars can still be the more affordable option in the short term. The best choice depends on your budget, driving habits, and access to charging.